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Stoxline Mobile
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Fortis Inc. (FTS)

42.53   -0.14 (-0.33%) 03-31 16:00
Open: 42.78 Pre. Close: 42.67
High: 42.97 Low: 42.32
Volume: 562,311 Market Cap: 20,600(M)

Technical analysis

as of: 2023-03-31 4:18:55 PM
Stoxline posted a BUY today, same as yesterday. Upward movement continues.
Target: Six months: 50.15     One year: 58.57
Support: Support1: 40.11    Support2: 38.36
Resistance: Resistance1: 42.93    Resistance2: 50.15
Pivot: 41.31
Moving Average: MA(5): 42.12     MA(20): 40.78
MA(100): 40.59     MA(250): 43.51
MACD: MACD(12,26): 0.4     Signal(9): 0.2
Stochastic oscillator: %K(14,3): 93.3     %D(3): 90
RSI: RSI(14): 61.4
52-week: High: 51.65  Low: 34.75
Average Vol(K): 3-Month: 579 (K)  10-Days: 532 (K)

Price, moving averages and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and BULLISH in mid-long term.
[ FTS ] has closed below upper band by 17.2%. Bollinger Bands are 59.9% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 11 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 42.81 - 42.93 42.93 - 43.07
Low: 41.8 - 41.96 41.96 - 42.13
Close: 42.39 - 42.63 42.63 - 42.89

Company Description

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 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity. The company also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 65 MW; and distributes natural gas to approximately 1,065,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 577,000 customers in southern and central Alberta; owns 4 hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to five hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 143 MW; and on Prince Edward Island with a generating capacity of 130 MW. Additionally, it provides integrated electric utility service to approximately 68,000 customers in Ontario; approximately 272,000 customers in Newfoundland and Labrador; approximately 32,000 customers on Grand Cayman, Cayman Islands; and approximately 16,000 customers on certain islands in Turks and Caicos. The company also holds long-term contracted generation assets in Belize consisting of 3 hydroelectric generating facilities with a combined capacity of 51 MW; and the Aitken Creek natural gas storage facility. It also owns and operates approximately 90,200 circuit Kilometers (km) of distribution lines; and approximately 50,500 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

Headline News

Sat, 01 Apr 2023
Baskin Financial Services Inc. Acquires 5198 Shares of Fortis Inc ... - MarketBeat

Wed, 29 Mar 2023
Fortis Inc. stock rises Wednesday, still underperforms market - MarketWatch

Tue, 28 Mar 2023
Canada Revenue Agency: Avoid This Massive Tax Hike - The Motley Fool Canada

Tue, 28 Mar 2023
IDLV, TLS, FTS.CA, CU.CA: ETF Inflow Alert - Nasdaq

Sat, 25 Mar 2023
Fortis Inc. (NYSE:FTS) Given Consensus Recommendation of "Hold ... - MarketBeat

Mon, 20 Mar 2023
Fortis Inc. stock falls Monday, underperforms market - MarketWatch

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Utilities
Industry:  Utilities—Regulated Electric
Shares Out. 482 (M)
Shares Float 482 (M)
% Held by Insiders 0 (%)
% Held by Institutions 55.2 (%)
Shares Short 16,440 (K)
Shares Short P.Month 15,920 (K)

Stock Financials

EPS 2.05
EPS Est Next Qtl 0.58
EPS Est This Year 2.47
EPS Est Next Year 2.53
Book Value (p.s.) 40.25
Profit Margin (%) 12.6
Operating Margin (%) 25.6
Return on Assets (ttm) 2.9
Return on Equity (ttm) 6.9
Qtrly Rev. Growth 22.6
Gross Profit (p.s.) 9.14
Sales Per Share 22.89
EBITDA (p.s.) 9.33
Qtrly Earnings Growth 11.5
Operating Cash Flow 3,070 (M)
Levered Free Cash Flow -1,610 (M)

Stock Valuations

PE Ratio 20.63
PEG Ratio 7
Price to Book value 1.05
Price to Sales 1.85
Price to Cash Flow 6.67

Stock Dividends

Dividend 0.41
Forward Dividend 0
Dividend Yield 0.9%
Dividend Pay Date 2022-02-28
Ex-Dividend Date 2022-02-13
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