Fortis (FTS) – Research Analysts’ Weekly Ratings Updates

Fortis (NYSE: FTS) recently received a number of ratings updates from brokerages and research firms:

• 8/4/2026 – Fortis had its “sector perform” rating reaffirmed by Scotiabank.
• 8/4/2026 – Fortis had its “buy” rating reaffirmed by TD Securities.
• 8/4/2026 – Fortis was given a new $50.00 price target by Wolfe Research.
• 8/3/2026 – Fortis had its “market perform” rating reaffirmed by BMO Capital Markets.
• 8/3/2026 – Fortis had its price target raised by Royal Bank Of Canada from $80.00 to $89.00. They now have a “sector perform” rating on the stock.
• 8/3/2026 – Fortis had its price target lowered by Barclays PLC from $61.00 to $60.00. They now have an “overweight” rating on the stock.
• 7/17/2026 – Fortis had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 7/17/2026 – Fortis was downgraded by Canadian Imperial Bank of Commerce from “outperform” to “hold”.

Fortis Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.56 dividend on an annualized basis and a yield of 4.5%. Fortis’s dividend payout ratio (DPR) is presently 73.68%.

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.