Fortis Inc's stock has seen a slight decline this week amid recent news regarding its financing activities.
This week, Fortis Inc (FTS.TO) experienced a minor dip in its stock price, closing down 0.04% on the day and 1.45% over the past week. The company's recent announcement about pricing fixed-to-fixed rate junior subordinated notes has caught investor attention, affecting sentiment.
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Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$38.50B
P/E
22.2x
Div. yield
3.36%
Div. / share
$2.54
52W high
$83.07
52W low
$64.93
1W change
-1.45%
Beta
0.41
Analyst Price Targets
Based on analyst covering FTS
Wall Street analysts forecast FTS stock price to rise 10.2% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$83.04
+10.2% Upside
Current Price
C$75.36
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FTS's historical volatility
30-Day Vol
12.3%
Annualized
90-Day Vol
14.7%
Annualized
Trend (90d)
-25.0%
Annualized drift
90d Mean
C$68.93
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$73.15 | C$70.12 โ C$76.32 |
| 60 trading days | C$71.01 | C$66.88 โ C$75.39 |
| 90 trading days | C$68.93 | C$64.05 โ C$74.17 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should think about how Fortis Inc's recent financing move might impact its long-term growth and stability, especially considering the stock's performance compared to its moving averages and overall market conditions.
Fortis Inc's stock is trading at C$74.78, down 1.45% this week.
With a market cap of C$38.5 billion and a beta of 0.41, Fortis Inc shows lower volatility compared to the broader market, which may attract conservative investors.
Bull case
Fortis Inc has a stable profit margin of 14.7% and a P/E ratio of 22.16, indicating solid earnings potential. This makes it a reliable choice in the utilities sector.
Bear case
The stock's current price is below its 50-day and 200-day moving averages, suggesting potential challenges and caution among investors in the near term.
Recent Price Action
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Fortis Inc (FTS.TO) closed at C$74.78, reflecting a minor decline of 0.04% on the day and a 1.45% drop over the past week. The stock has also decreased by 3.72% in the last month, although it remains up 5.77% year-to-date.
Company News
On September 9, 2026, Fortis Inc announced the pricing of its fixed-to-fixed rate junior subordinated notes. This financial move is part of the company's strategy to optimize its capital structure and fund ongoing projects, which may influence its future growth and stability.
Technical Picture
Analyzing the technicals, Fortis Inc is currently trading below its 50-day moving average of C$79.26 and its 200-day moving average of C$76.63, indicating potential resistance levels. The stock has a 52-week range of C$64.93 to C$83.07, placing it at 54% of this range. With a beta of 0.41, the stock shows lower volatility compared to the market, appealing to more risk-averse investors. The recent trading volume of 198,459 shares is significantly below the 20-day average of 1,631,131 shares, suggesting reduced investor interest in the short term.
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