Fortis Inc.

NYQ: FTS
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📈 ZcoreAI Score

Our AI model analyzes Fortis Inc.'s price action across multiple timeframes using regression channels and statistical scoring.

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About Fortis Inc.

Utilities Utilities - Regulated Electric
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). It also sells wholesale electricity to other entities in the western United States; owns gas-fired and hydroelectric generating capacity totaling 43 MW; and distributes natural gas to approximately 1,105,000 residential, commercial, and industrial customers in British Columbia, Canada. In addition, it owns and operates the electricity distribution system that serves approximately 615,000 customers in southern and central Alberta; owns four hydroelectric generating facilities with a combined capacity of 225 MW; and provides operation, maintenance, and management services to hydroelectric generating facilities. Further, the company distributes electricity in the island portion of Newfoundland and Labrador with an installed generating capacity of 145 MW; and on Prince Edward Island with a generating capacity of 90 MW. Additionally, it provides integrated electric utility service to approximately 70,000 customers in Ontario; approximately 280,000 customers in Newfoundland; approximately 35,000 customers on Grand Cayman, Cayman Islands; and approximately 92,000 customers on Maritime Electric. It also owns and operates approximately 91,100 circuit Kilometers (km) of distribution lines; and approximately 51,700 km of natural gas pipelines. Fortis Inc. was founded in 1885 and is headquartered in St. John's, Canada.

📊 Fundamental Analysis

Fortis Inc. demonstrates a healthy profit margin of 14.8%.

The company recently reported 4.4% revenue growth, which is above average for the Utilities sector.

Return on Equity (ROE) is 7.6%, which suggests room for improvement in capital utilization.

At a current price of $57.60, FTS currently trades near the top of its 52-week range (91%) (Range: $45.87 - $58.78).

💰 Valuation Insight

FTS trades at a 38.3% premium to the sector average PE of 17.00. Analysts expect earnings growth, as indicated by a lower forward PE.

🏥 Financial Health

⚠️ Profit Margin Moderate
⚠️ Debt/Equity Moderate
⚠️ Revenue Growth Moderate
🔴 Return on Equity Weak
Beta (Risk) Low Volatility

Key Financials

Market Cap
$29.33B
Trailing P/E
23.51
Forward P/E
20.45
Beta (5Y)
0.44
52W High
$58.78
52W Low
$45.87
Avg Volume
927K
Day High
Day Low
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