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Fortis Inc (FTS)

Upturn stock ratingUpturn stock rating
$49.58
Last Close (24-hour delay)
Profit since last BUY17.02%
upturn advisory
Consider higher Upturn Star rating
BUY since 141 days
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Upturn Advisory Summary

08/28/2025: FTS (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

17 Analysts rated it

Moderately tracked stock, growing coverage, gaining market and investor attention.

1 Year Target Price $47

1 Year Target Price $47

Analysts Price Target For last 52 week
$47 Target price
52w Low $39.21
Current$49.58
52w High $51.13

Analysis of Past Performance

Type Stock
Historic Profit 10.27%
Avg. Invested days 54
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/28/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 24.97B USD
Price to earnings Ratio 20.15
1Y Target Price 47
Price to earnings Ratio 20.15
1Y Target Price 47
Volume (30-day avg) 17
Beta 0.32
52 Weeks Range 39.21 - 51.13
Updated Date 08/29/2025
52 Weeks Range 39.21 - 51.13
Updated Date 08/29/2025
Dividends yield (FY) 4.87%
Basic EPS (TTM) 2.46

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 2025-08-01
When -
Estimate 0.51
Actual 0.76

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 20.15
Forward PE 19.84
Enterprise Value 50471103887
Price to Sales(TTM) 2.1
Enterprise Value 50471103887
Price to Sales(TTM) 2.1
Enterprise Value to Revenue 5.86
Enterprise Value to EBITDA 12.03
Shares Outstanding 503600000
Shares Floating 502154668
Shares Outstanding 503600000
Shares Floating 502154668
Percent Insiders 0.25
Percent Institutions 55.4

ai summary icon Upturn AI SWOT

Fortis Inc

stock logo

Company Overview

overview logo History and Background

Fortis Inc. was founded in 1885 as Newfoundland Light & Power Co. Evolving through strategic acquisitions and organic growth, it has become a leading North American utility company.

business area logo Core Business Areas

  • Regulated Utilities: Fortis owns and operates regulated gas and electric utilities across North America, providing essential services to residential, commercial, and industrial customers.
  • Non-Regulated Generation: Fortis owns and operates hydroelectric generating facilities.

leadership logo Leadership and Structure

The company is led by a Board of Directors and an executive management team. It operates in a decentralized manner with individual utilities managed by their respective leadership teams under the oversight of Fortis' corporate office.

Top Products and Market Share

overview logo Key Offerings

  • Electricity Distribution: Distribution of electricity to homes and businesses. Competitors include other regional utility companies depending on geographic location. Market share is geographically specific.
  • Natural Gas Distribution: Distribution of natural gas to homes and businesses. Competitors include other regional utility companies depending on geographic location. Market share is geographically specific.

Market Dynamics

industry overview logo Industry Overview

The utility industry is characterized by high regulation, stable demand, and significant capital investment. The shift towards renewable energy sources and grid modernization is a key trend.

Positioning

Fortis is well-positioned in the industry due to its diversified geographic footprint, regulated business model, and commitment to renewable energy. Its competitive advantage lies in its experience and infrastructure.

Total Addressable Market (TAM)

The TAM for electricity and natural gas distribution in North America is substantial, measured in hundreds of billions of dollars annually. Fortis Inc is positioned to serve a notable portion of the markets in which it operates.

Upturn SWOT Analysis

Strengths

  • Regulated Business Model
  • Diversified Geographic Footprint
  • Strong Dividend History
  • Experienced Management Team
  • Commitment to Renewable Energy

Weaknesses

  • Exposure to Regulatory Risk
  • Capital Intensive Operations
  • Susceptibility to Interest Rate Changes
  • Reliance on Aging Infrastructure

Opportunities

  • Investments in Grid Modernization
  • Expansion into Renewable Energy
  • Acquisitions of Other Utilities
  • Population Growth in Service Territories

Threats

  • Changes in Government Regulations
  • Economic Downturn
  • Increased Competition
  • Extreme Weather Events

Competitors and Market Share

competitor logo Key Competitors

  • Duke Energy (DUK)
  • Southern Company (SO)
  • NextEra Energy (NEE)

Competitive Landscape

Fortis differentiates itself through its diversified geographic footprint and its focus on regulated utilities. Each competitor has its strengths and weaknesses in different areas.

Major Acquisitions

ITC Holdings Corp

  • Year: 2016
  • Acquisition Price (USD millions): 11300
  • Strategic Rationale: Expanded Fortis' electric transmission infrastructure footprint across North America.

Growth Trajectory and Initiatives

Historical Growth: Fortis has grown steadily through a combination of organic growth and acquisitions.

Future Projections: Analysts project continued growth driven by capital investments in infrastructure and expansion into renewable energy. These are estimates and not guarantees.

Recent Initiatives: Recent initiatives include investments in renewable energy projects, smart grid technologies, and infrastructure upgrades.

Summary

Fortis Inc. is a stable and reliable utility company with a regulated business model, allowing for predictable revenue streams. Its focus on regulated utilities and diversified geographic footprint offer significant stability. However, its large reliance on aging infrastructure and susceptability to interest rate changes could have adverse effect on financials. Fortis' commitment to renewable energy and strategic acquisitions should continue to drive growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Financial Statements
  • Industry Reports
  • Analyst Estimates

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Past performance is not indicative of future results. Market conditions can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 9800

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.