Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
FTS logo FTS
Upturn stock ratingUpturn stock rating
FTS logo

Fortis Inc (FTS)

Upturn stock ratingUpturn stock rating
$47.16
Last Close (24-hour delay)
Profit since last BUY10.32%
upturn advisory
WEAK BUY
BUY since 98 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/27/2025: 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

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $45.1

1 Year Target Price $45.1

Analysts Price Target For last 52 week
$45.1Target price
Low$37.47
Current$47.16
high$49.59

Analysis of Past Performance

Type Stock
Historic Profit 3.88%
Avg. Invested days 47
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/27/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 23.76B USD
Price to earnings Ratio 19.57
1Y Target Price 45.1
Price to earnings Ratio 19.57
1Y Target Price 45.1
Volume (30-day avg) 17
Beta 0.34
52 Weeks Range 37.47 - 49.59
Updated Date 06/30/2025
52 Weeks Range 37.47 - 49.59
Updated Date 06/30/2025
Dividends yield (FY) 3.80%
Basic EPS (TTM) 2.41

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 14.69%
Operating Margin (TTM) 29.12%

Management Effectiveness

Return on Assets (TTM) 3.02%
Return on Equity (TTM) 7.47%

Valuation

Trailing PE 19.57
Forward PE 18.9
Enterprise Value 49792646873
Price to Sales(TTM) 2.03
Enterprise Value 49792646873
Price to Sales(TTM) 2.03
Enterprise Value to Revenue 5.79
Enterprise Value to EBITDA 12.03
Shares Outstanding 501595008
Shares Floating 500767344
Shares Outstanding 501595008
Shares Floating 500767344
Percent Insiders 0.11
Percent Institutions 55.3

Analyst Ratings

Rating 4
Target Price 45.1
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold 11
Sell 3
Strong Sell 2
Strong Sell 2

ai summary icon Upturn AI SWOT

Fortis Inc

stock logo

Company Overview

overview logo History and Background

Fortis Inc. was founded in 1885 as the St. John's Electric Light Company in Newfoundland, Canada. It has evolved from a small utility provider to a diversified North American electric and gas utility company through strategic acquisitions and organic growth.

business area logo Core Business Areas

  • Regulated Utilities: This segment includes electricity generation, transmission, and distribution services provided to residential, commercial, and industrial customers across North America.
  • Electric Transmission: Focuses on the transmission of electricity, operating high-voltage transmission lines and infrastructure.
  • Gas Distribution: Distributes natural gas to residential, commercial, and industrial customers.

leadership logo Leadership and Structure

Fortis Inc. is led by a board of directors and an executive management team. The organizational structure comprises various operating subsidiaries responsible for specific geographic regions and utility services.

Top Products and Market Share

overview logo Key Offerings

  • Electricity Distribution: Distribution of electricity to residential, commercial, and industrial customers. Market share varies by region, with Fortis subsidiaries often holding dominant positions in their service territories. Competitors include other investor-owned utilities and municipal utilities.
  • Natural Gas Distribution: Distribution of natural gas to residential, commercial, and industrial customers. Market share varies by region, similar to electricity distribution. Competitors include other investor-owned gas utilities.
  • Electric Transmission Services: Provision of transmission services to wholesale electricity markets. Competition is often limited due to the regulated nature and large capital investment requirements of transmission infrastructure.

Market Dynamics

industry overview logo Industry Overview

The utility industry is characterized by regulated rates, stable demand, and high capital intensity. It is currently undergoing a transformation with increased focus on renewable energy, grid modernization, and distributed generation.

Positioning

Fortis Inc. is a leading North American utility company with a diversified portfolio of regulated assets, providing stability and predictable earnings. Its focus on regulated markets and long-term infrastructure investments provides a competitive advantage.

Total Addressable Market (TAM)

The total market value for electricity and natural gas in North America is substantial, estimated in the hundreds of billions of dollars annually. Fortis Inc. is well-positioned to capture a significant portion of this TAM through its regulated operations and infrastructure investments.

Upturn SWOT Analysis

Strengths

  • Regulated business model provides stable earnings
  • Diversified geographic footprint
  • Strong credit rating
  • Proven track record of acquisitions and integration
  • Commitment to renewable energy

Weaknesses

  • Exposure to regulatory risk
  • Capital intensive business
  • Susceptibility to weather-related events
  • Reliance on debt financing

Opportunities

  • Investment in renewable energy projects
  • Expansion into new geographic markets
  • Grid modernization initiatives
  • Acquisition of smaller utilities
  • Growth in electric vehicle adoption

Threats

  • Changes in regulatory policies
  • Increased competition from alternative energy sources
  • Rising interest rates
  • Economic downturns
  • Cybersecurity threats

Competitors and Market Share

competitor logo Key Competitors

  • NEE
  • DUK
  • SO

Competitive Landscape

Fortis competes effectively through its regulated asset base and geographic diversification. It focuses on providing reliable utility services and investing in infrastructure upgrades.

Major Acquisitions

ITC Holdings Corp

  • Year: 2016
  • Acquisition Price (USD millions): 11300
  • Strategic Rationale: Expanded Fortis' footprint in the US electric transmission market, providing access to new growth opportunities.

Growth Trajectory and Initiatives

Historical Growth: Fortis Inc. has grown through a combination of organic growth and strategic acquisitions. The company has consistently expanded its asset base and earnings.

Future Projections: Future growth is expected to be driven by investments in renewable energy, grid modernization, and infrastructure expansion. Analyst estimates project continued earnings growth and dividend increases.

Recent Initiatives: Recent initiatives include investments in renewable energy projects, grid modernization programs, and the acquisition of smaller utilities.

Summary

Fortis Inc. presents a financially stable company due to its regulated utility operations. It strategically invests in renewable energy and grid modernization, with dividend payouts consistently increasing. However, it must navigate regulatory risks and capital-intensive investments while watching out for economic downturns and competitive energy sources. Overall, Fortis Inc. appears to be a reliable player with measured growth potential.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Analyst Reports
  • Industry Publications

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share estimates are approximate and may vary based on the source.

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.