
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Fortis Inc (FTS)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/28/2025: FTS (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $47
1 Year Target Price $47
1 | Strong Buy |
0 | Buy |
11 | Hold |
3 | Sell |
2 | Strong Sell |
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 Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
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 |
Upturn AI SWOT
Fortis Inc

Company Overview
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.
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 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
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
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
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.
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.