Fortis (FTS) Receives Media Impact Score of 0.15

Headlines about Fortis (NYSE:FTS) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortis earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.1125919069808 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s scoring:

FTS traded up $0.38 during trading on Thursday, hitting $33.31. 118,836 shares of the stock were exchanged, compared to its average volume of 318,851. The firm has a market cap of $14,028.27, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 3.25 and a beta of -0.22. Fortis has a 1-year low of $31.41 and a 1-year high of $38.24. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 1.40.

Fortis (NYSE:FTS) last released its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.72 billion. Fortis had a return on equity of 6.86% and a net margin of 11.58%. During the same quarter in the previous year, the company posted $0.64 earnings per share. equities analysts expect that Fortis will post 2.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 18th will be given a dividend of $0.3379 per share. This is a positive change from Fortis’s previous quarterly dividend of $0.34. The ex-dividend date is Thursday, May 17th. This represents a $1.35 annualized dividend and a yield of 4.06%. Fortis’s payout ratio is 69.74%.

FTS has been the topic of several research analyst reports. Zacks Investment Research lowered Fortis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. UBS raised Fortis from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. CIBC raised Fortis from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, February 15th. They noted that the move was a valuation call. National Bank Financial raised Fortis from an “underperform” rating to a “sector perform” rating in a research report on Friday, February 16th. Finally, Raymond James raised Fortis from a “market perform” rating to an “outperform” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $45.00.

About Fortis

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 422,000 retail customers in southeastern Arizona; and 96,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 2,834 megawatts (MW), including 64 MW of solar capacity.

Insider Buying and Selling by Quarter for Fortis (NYSE:FTS)

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