Fortis Inc (FTS) saw an uptrend of 2.04% in the recent trading with $51.04 being its most recent. The current price level -0.80% lower than the highest price of $51.45 marked by the stock while trading over the past 52-weeks, whereas it is 26.59% higher than the lowest price of $40.32 the company dropped to over past 52-weeks. The latest news story on FTS appeared in (GlobeNewswire) under the title “Fortis Inc. to Hold Teleconference on November 4 to Discuss Third Quarter 2025 Results and New Five-Year Capital Outlook”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 8 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.
Fortis Inc Earnings – What Happened With FTS
Coming around sales and income figures on FTS Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Fortis Inc (FTS) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 2.88% for net revenue.
FTS – Fortis Inc Stock Earnings Estimates
The perspective of Fortis Inc (NYSE:FTS)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.59 for stock’s EPS in the current quarter. Fortis Inc (FTS) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 2.88% for net revenue. Company’s EPS for the last quarter was 0.61.
Fortis Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 503.60 million. FTS does have institutional investors; and they hold 54.96% of the stock.
As on 2024-06-30, ROYAL BANK OF CANADA was the top most holder in Fortis Inc (NYSE:FTS) with an ownership of 29.96 million shares of the company or 6.0641 of the stake worth $1.16 billion. The filing also reveals BANK OF MONTREAL /CAN/ as the second largest holder in the company with a control over 5.3413 of the outstanding shares. Its stake is worth $1.06 billion for having 26.39 million shares in hand.
FIL LTD also came holding a key position in the company during the recent quarter and it now holds 4.4493 of the outstanding shares. With this there are now 569.0 institutions which have possession in FTS’s shares.
Key Metrics for FTS
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Fortis Inc has a debt to equity ratio of 1.43.
