Fortis (TSE:FTS) will release its earnings data before the market opens on Thursday, February 15th. Analysts expect Fortis to post earnings of C$0.62 per share for the quarter.
Fortis (FTS) opened at C$41.21 on Tuesday. Fortis has a 12-month low of C$40.57 and a 12-month high of C$48.73. The stock has a market capitalization of $17,360.00, a PE ratio of 16.55 and a beta of -0.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Wednesday, February 14th. Fortis’s dividend payout ratio is presently 64.26%.
A number of research firms have issued reports on FTS. Raymond James Financial upgraded Fortis from a “market perform” rating to an “outperform” rating in a research report on Friday. BMO Capital Markets decreased their target price on Fortis from C$51.50 to C$49.00 in a research report on Tuesday, February 6th. National Bank Financial cut Fortis from a “sector perform market weight” rating to an “underperform market weight” rating in a research report on Sunday, January 28th. CIBC lifted their target price on Fortis from C$49.00 to C$50.00 in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. lifted their target price on Fortis from C$48.00 to C$49.00 in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of C$48.89.
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Fortis Inc is a Canada-based electric and gas utility holding company. The Company’s segments include Regulated Utilities and Non-Regulated Utilities. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-the United States, which consists of ITC Holdings Corp. (ITC Holdings), UNS Energy Corporation and Central Hudson Gas & Electric Corporation (Central Hudson); Gas & Electric Utilities-Canadian, which consists of FortisAlberta Inc (FortisAlberta), FortisBC Energy Inc (FortisBC Energy), FortisBC Inc (FortisBC Electric) and Newfoundland Power Inc (Newfoundland Power); Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd., Fortis Turks and Caicos, and its investment in Belize Electricity Limited.
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