Fortis (TSE:FTS) Issues Earnings Results

Fortis (TSE:FTS) announced its quarterly earnings results on Tuesday. The company reported C$0.92 earnings per share for the quarter, FiscalAI reports. Fortis had a net margin of 14.72% and a return on equity of 7.43%. The firm had revenue of C$3.12 billion during the quarter.

Fortis Stock Performance

TSE:FTS opened at C$83.58 on Wednesday. The firm has a 50-day moving average of C$77.08 and a two-hundred day moving average of C$77.70. The company has a debt-to-equity ratio of 143.60, a current ratio of 0.56 and a quick ratio of 0.36. The stock has a market cap of C$42.70 billion, a P/E ratio of 24.58, a PEG ratio of 3.01 and a beta of 0.34. Fortis has a 1-year low of C$69.06 and a 1-year high of C$84.24.

Fortis Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, September 1st were given a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Fortis’s dividend payout ratio is presently 74.56%.

Wall Street Analysts Forecast Growth

FTS has been the subject of several analyst reports. Canadian Imperial Bank of Commerce decreased their target price on Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Barclays dropped their target price on Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Finally, Desjardins set a C$85.00 price target on Fortis and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$79.23.

Fortis Company Profile

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.