Fortis Inc's stock has seen a slight uptick recently but remains under pressure over the past month.
Fortis Inc (FTS.TO) closed the week with a modest gain of 0.81% on Thursday, bringing its share price to C$76.79. However, the stock is down 1.22% over the past week and has experienced a notable decline of 6.84% in the last month. As investors assess the utility sector's outlook, recent earnings reports and dividend announcements provide context for Fortis's performance.
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Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$38.92B
P/E
22.4x
Div. yield
3.31%
Div. / share
$2.54
52W high
$83.07
52W low
$64.93
1W change
-1.22%
Beta
0.43
Analyst Price Targets
Based on analyst covering FTS
Wall Street analysts forecast FTS stock price to rise 8.4% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$83.25
+8.4% Upside
Current Price
C$76.79
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
14.7%
Annualized
90-Day Vol
15.3%
Annualized
Trend (90d)
+7.7%
Annualized drift
90d Mean
C$78.92
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$77.49 | C$73.66 โ C$81.53 |
| 60 trading days | C$78.21 | C$72.78 โ C$84.03 |
| 90 trading days | C$78.92 | C$72.28 โ C$86.18 |
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: While Fortis Inc continues to demonstrate stability with consistent dividend increases, its recent price action suggests investors are cautious amidst broader market dynamics. The company's strong earnings and capital plans may provide a foundation for recovery, but short-term volatility remains a consideration.
Fortis Inc's stock trades at C$76.79 with a 1D gain of 0.81%.
The stock is currently 4.3% below its 50-day moving average and has a beta of 0.43, suggesting lower volatility compared to the broader market.
Bull case
Fortis reported annual net earnings of $1.7 billion for 2025 and has maintained a streak of 52 consecutive years of dividend increases. This reflects a solid commitment to returning value to shareholders. Their ongoing capital expenditures align with strategic growth plans, which could enhance future earnings.
Bear case
Despite these strong fundamentals, Fortis's stock has faced downward pressure, as seen in its recent declines over the month. The current trading volume is significantly below its 20-day average, indicating reduced investor interest and potential uncertainty regarding future performance.
Recent Price Action
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Fortis Inc (FTS.TO) closed at C$76.79, marking a 0.81% increase on Thursday. Over the past week, the stock has seen a decline of 1.22%, and its performance over the last month has been challenging, with a drop of 6.84%. Year-to-date, Fortis has managed a modest gain of 7.78%, reflecting its resilience in a fluctuating market.
Company News
No major news announcements were reported this week. However, Fortis has been in the headlines recently for its impressive earnings results, including net earnings of $1.7 billion for 2025 and consistent dividend increases. These factors underline the company's strong operational performance and commitment to returning value to shareholders.
Technical Picture
From a technical standpoint, Fortis Inc is currently trading 4.3% below its 50-day moving average of C$80.25, while it remains slightly above its 200-day moving average of C$76.41 by 0.5%. The stock's 52-week range has been between C$64.93 and C$83.07, indicating it is currently at 65% of its range. The stock has a beta of 0.43, suggesting it is less volatile than the broader market. The latest trading volume of 761,287 shares is significantly lower than the 20-day average volume of 1,747,955 shares, reflecting decreased trading activity.
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Wealth Awesome
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