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Fortis Inc. (FTS)
38.47  0.42 (1.1%)    04-19 16:00
Open: 38.11
High: 38.55
Volume: 662,988
  
Pre. Close: 38.05
Low: 38.09
Market Cap: 18,966(M)
Technical analysis
2024-04-19 5:09:37 PM
Short term     
Mid term     
Targets 6-month :  46.59 1-year :  54.41
Resists First :  39.88 Second :  46.59
Pivot price 38.45
Supports First :  38.01 Second :  36.86
MAs MA(5) :  37.76 MA(20) :  38.67
MA(100) :  39.82 MA(250) :  40.8
MACD MACD :  -0.5 Signal :  -0.4
%K %D K(14,3) :  42.6 D(3) :  28.4
RSI RSI(14): 47.4
52-week High :  46.27 Low :  36.29
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BEARISH in mid-long term.
[ FTS ] has closed below upper band by 49.7%. Bollinger Bands are 60.7% 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 4 days. This is a sign that the current trend might continue.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 38.61 - 38.76 38.76 - 38.92
Low: 37.73 - 37.89 37.89 - 38.06
Close: 38.2 - 38.49 38.49 - 38.78
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

Fri, 19 Apr 2024
Closing Bell: Fortis Inc Pref Ser M flat on Friday (FTS-PR-M) - The Globe and Mail

Fri, 19 Apr 2024
Fortis Inc First Pref Ser G (FTS-PR-G-T) Quote - Press Release - The Globe and Mail

Fri, 19 Apr 2024
Is Fortis Inc. (TSX:FTS) the Best Stock to Start Your TFSA Retirement Portfolio? - Yahoo Canada Shine On

Fri, 19 Apr 2024
Closing Bell: Fortis Inc Pref Ser J up on Thursday (FTS-PR-J) - The Globe and Mail

Thu, 18 Apr 2024
Closing Bell: Fortis Inc Pref Ser I down on Tuesday (FTS-PR-I) - The Globe and Mail

Thu, 18 Apr 2024
Closing Bell: Fortis Inc Pref Ser M up on Thursday (FTS-PR-M) - The Globe and Mail

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Neutral
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Outperform
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Outperform
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Underperform
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Underperform
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Outperform
Stock Basics & Statistics
Exchange:
NYSE
Sector:
Utilities
Industry:
Regulated Electric
Shares Out 493 (M)
Shares Float 490 (M)
Held by Insiders 0 (%)
Held by Institutions 57.7 (%)
Shares Short 8,810 (K)
Shares Short P.Month 10,350 (K)
Stock Financials
EPS 2.25
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 40.52
Profit Margin 13.6 %
Operating Margin 27.5 %
Return on Assets (ttm) 3 %
Return on Equity (ttm) 7.4 %
Qtrly Rev. Growth -8.9 %
Gross Profit (p.s.) 0
Sales Per Share 23.36
EBITDA (p.s.) 9.97
Qtrly Earnings Growth 1.2 %
Operating Cash Flow 3,540 (M)
Levered Free Cash Flow -42 (M)
Stock Valuations
PE Ratio 17.02
PEG Ratio 11.6
Price to Book value 0.94
Price to Sales 1.64
Price to Cash Flow 5.35
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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