Fortis (FTS) Earns Daily News Impact Score of 0.12

News articles about Fortis (NYSE:FTS) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortis earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.3189391507136 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Shares of Fortis (NYSE FTS) opened at $34.93 on Friday. The stock has a market capitalization of $14,653.13, a price-to-earnings ratio of 17.91, a P/E/G ratio of 3.12 and a beta of -1.58. Fortis has a one year low of $30.93 and a one year high of $38.24. The company has a quick ratio of 0.43, a current ratio of 0.52 and a debt-to-equity ratio of 1.31.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be paid a $0.3353 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.34 annualized dividend and a yield of 3.84%. Fortis’s dividend payout ratio (DPR) is presently 70.16%.

Several research analysts have weighed in on FTS shares. Scotiabank reaffirmed a “buy” rating and set a $51.00 price target on shares of Fortis in a research report on Monday, December 4th. Zacks Investment Research downgraded Fortis from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $42.33.

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About Fortis

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizona’s Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.

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