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Fortis Inc (FTS)


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Upturn Advisory Summary
10/15/2025: FTS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $46
1 Year Target Price $46
1 | Strong Buy |
0 | Buy |
11 | Hold |
3 | Sell |
2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 11.89% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 25.68B USD | Price to earnings Ratio 20.98 | 1Y Target Price 46 |
Price to earnings Ratio 20.98 | 1Y Target Price 46 | ||
Volume (30-day avg) 17 | Beta 0.35 | 52 Weeks Range 39.21 - 51.40 | Updated Date 10/15/2025 |
52 Weeks Range 39.21 - 51.40 | Updated Date 10/15/2025 | ||
Dividends yield (FY) 4.78% | Basic EPS (TTM) 2.43 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 14.98% | Operating Margin (TTM) 29.13% |
Management Effectiveness
Return on Assets (TTM) 3.1% | Return on Equity (TTM) 7.69% |
Valuation
Trailing PE 20.98 | Forward PE 19.49 | Enterprise Value 50613870959 | Price to Sales(TTM) 2.16 |
Enterprise Value 50613870959 | Price to Sales(TTM) 2.16 | ||
Enterprise Value to Revenue 5.94 | Enterprise Value to EBITDA 12.2 | Shares Outstanding 503600000 | Shares Floating 502089200 |
Shares Outstanding 503600000 | Shares Floating 502089200 | ||
Percent Insiders 0.25 | Percent Institutions 55.17 |
Upturn AI SWOT
Fortis Inc

Company Overview
History and Background
Fortis Inc. was founded in 1885 as the St. John's Electric Light Company in Newfoundland, Canada. It has grown through strategic acquisitions and organic expansion to become a leading North American utility company.
Core Business Areas
- Regulated Utilities: Includes electricity and gas utilities providing services to residential, commercial, and industrial customers.
- Non-Regulated Generation: Encompasses power generation assets, primarily renewable energy sources.
Leadership and Structure
Fortis Inc. is led by a board of directors and an executive management team. The company operates through various subsidiaries, each managed by its own leadership team.
Top Products and Market Share
Key Offerings
- Electricity Distribution: Distribution of electricity to residential, commercial, and industrial customers. Market share varies by region but they are a major player across North America. Competitors include local utility companies and other investor-owned utilities. No specific market share can be attributed to Electricity distribution as it varies across the markets.
- Natural Gas Distribution: Distribution of natural gas to residential, commercial, and industrial customers. Market share varies by region. Competitors include local utility companies and other investor-owned utilities. No specific market share can be attributed to Natural Gas distribution as it varies across the markets.
- Electric Generation: They are actively involved in electrical generation in North America. They own and operate several plants which have different market share based on region and type. This revenue source is approximately 10% of the companies total revenue.
Market Dynamics
Industry Overview
The utility industry is characterized by regulated markets, increasing demand for renewable energy, and infrastructure modernization needs.
Positioning
Fortis Inc. is positioned as a stable, diversified utility company with a focus on regulated assets and renewable energy. Its competitive advantage lies in its geographically diverse portfolio and consistent dividend growth.
Total Addressable Market (TAM)
The TAM for utilities in North America is estimated to be in the trillions of USD. Fortis Inc. is positioned to capture a significant portion of this market through its regulated utilities and renewable energy investments.
Upturn SWOT Analysis
Strengths
- Regulated revenue streams
- Diversified geographic footprint
- Strong dividend history
- Commitment to renewable energy
- Stable business model
Weaknesses
- Exposure to regulatory risks
- Dependence on infrastructure investments
- Susceptibility to weather-related events
- Limited growth opportunities in mature markets
Opportunities
- Investments in renewable energy projects
- Expansion into new geographic markets
- Infrastructure modernization initiatives
- Acquisitions of other utility companies
- Technological advancements in grid management
Threats
- Changes in regulatory policies
- Increasing competition from alternative energy sources
- Rising interest rates
- Economic downturns
- Cybersecurity threats
Competitors and Market Share
Key Competitors
- NEE
- DUK
- SO
- EXC
- AEP
Competitive Landscape
Fortis Inc. competes with other large utility companies based on reliability, customer service, and financial performance. It is on the lower end of marketshare among its competitors. However it has higher valuation than the peer group.
Major Acquisitions
ITC Holdings Corp
- Year: 2016
- Acquisition Price (USD millions): 11300
- Strategic Rationale: Expanded Fortis' presence in the US transmission sector and provided access to new markets.
Growth Trajectory and Initiatives
Historical Growth: Fortis Inc. has grown steadily over the past years through organic expansion and strategic acquisitions.
Future Projections: Analysts project continued growth for Fortis Inc., driven by investments in renewable energy and infrastructure modernization.
Recent Initiatives: Recent initiatives include investments in renewable energy projects and upgrades to existing infrastructure.
Summary
Fortis Inc. is a stable utility company with a diversified portfolio of regulated assets. Its consistent dividend growth and commitment to renewable energy make it an attractive investment. However, it faces regulatory risks and competition from alternative energy sources. Overall, the company is reasonably strong but needs to carefully manage regulatory risks and competition.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Financial News Outlets
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fortis Inc
Exchange NYSE | Headquaters Saint John's, NF, Canada | ||
IPO Launch date 2016-01-04 | President, CEO & Director Mr. David Gerard Hutchens | ||
Sector Utilities | Industry Utilities - Regulated Electric | Full time employees 9800 | Website https://www.fortisinc.com |
Full time employees 9800 | Website https://www.fortisinc.com |
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 452,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 105,000 retail customers in southeastern Arizona with an aggregate capacity of 3,442 megawatts (MW). The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,0,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 592,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 277,000 customers in Newfoundland and Labrador; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 18,000 customers on certain islands in Turks and Caicos. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in Saint John's, Canada.

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