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Fortis Inc. (FTS)
40.3  -0.28 (-0.69%)    07-23 16:00
Open: 40.58
High: 40.62
Volume: 282,482
  
Pre. Close: 40.58
Low: 40.23
Market Cap: 19,868(M)
Technical analysis
2024-07-23 4:52:22 PM
Short term     
Mid term     
Targets 6-month :  47.61 1-year :  55.61
Resists First :  40.77 Second :  47.61
Pivot price 39.79
Supports First :  39.15 Second :  38.15
MAs MA(5) :  40.46 MA(20) :  39.56
MA(100) :  39.48 MA(250) :  39.9
MACD MACD :  0.2 Signal :  0.1
%K %D K(14,3) :  86.6 D(3) :  90.1
RSI RSI(14): 57.9
52-week High :  43.77 Low :  36.29
Price, MAs and Bollinger Bands

Price has closed below 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 NEUTRAL in short-term; and BULLISH in mid-long term.
[ FTS ] has closed below upper band by 28.2%. Bollinger Bands are 3.1% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 40.68 - 40.88 40.88 - 41.05
Low: 39.75 - 39.97 39.97 - 40.15
Close: 39.98 - 40.32 40.32 - 40.6
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

Tue, 23 Jul 2024
Advisory: Fortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 Results - Financial Post

Tue, 23 Jul 2024
Advisory: Fortis Inc. to Hold Teleconference on July 31 to Discuss Second Quarter 2024 Results - StockTitan

Tue, 23 Jul 2024
Intech Investment Management LLC Buys New Position in Fortis Inc. (NYSE:FTS) - Defense World

Tue, 23 Jul 2024
Fortis Inc. (NYSE:FTS) Shares Sold by Russell Investments Group Ltd. - Defense World

Tue, 23 Jul 2024
Fortis Inc. (TSE:FTS) Receives Average Recommendation of “Hold” from Analysts - Defense World

Sat, 20 Jul 2024
Fortis (NYSE:FTS) Lifted to Hold at StockNews.com - American Banking and Market News

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).
Neutral
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.
Neutral
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 492 (M)
Held by Insiders 0 (%)
Held by Institutions 57.5 (%)
Shares Short 10,120 (K)
Shares Short P.Month 9,660 (K)
Stock Financials
EPS 2.28
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 41.61
Profit Margin 14.1 %
Operating Margin 28.6 %
Return on Assets (ttm) 3 %
Return on Equity (ttm) 7.3 %
Qtrly Rev. Growth -6.1 %
Gross Profit (p.s.) 0
Sales Per Share 22.96
EBITDA (p.s.) 10.14
Qtrly Earnings Growth 3.2 %
Operating Cash Flow 3,400 (M)
Levered Free Cash Flow -375 (M)
Stock Valuations
PE Ratio 17.59
PEG Ratio 12.4
Price to Book value 0.96
Price to Sales 1.75
Price to Cash Flow 5.84
Stock Dividends
Dividend 0.43
Forward Dividend 0
Dividend Yield 1%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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