Fortis Inc shares have seen slight declines this week, even as the utilities sector remains steady.
Fortis Inc (FTS.TO) closed at C$76.20, down 0.25% for the day and 0.77% over the past week. Despite this recent dip, the stock has gained 6.95% year-to-date. Investors are closely watching the company as it continues to report on its financial performance.
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Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$39.03B
P/E
22.5x
Div. yield
3.31%
Div. / share
$2.54
52W high
$83.07
52W low
$64.93
1W change
-0.77%
Beta
0.43
Analyst Price Targets
Based on analyst covering FTS
Wall Street analysts forecast FTS stock price to rise 9.0% 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
+9.0% Upside
Current Price
C$76.20
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
13.5%
Annualized
90-Day Vol
14.8%
Annualized
Trend (90d)
-3.9%
Annualized drift
90d Mean
C$75.13
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$75.84 | C$72.40 โ C$79.45 |
| 60 trading days | C$75.49 | C$70.69 โ C$80.61 |
| 90 trading days | C$75.13 | C$69.33 โ C$81.43 |
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: Although Fortis has experienced some recent declines in its stock price, its consistent dividend increases and solid fundamentals may reassure long-term investors in the utilities sector.
Fortis Inc's 52-week range spans from C$64.93 to C$83.07.
Currently, the stock is trading at 62% of its 52-week range, indicating it is closer to the lower end of its recent price performance.
Bull case
Fortis has a strong history, with 52 consecutive years of dividend increases, demonstrating its commitment to returning value to shareholders. The companyโs ongoing capital investments and a moderately positive outlook from analysts support a favorable long-term trajectory.
Bear case
Recent price declines and the stock's performance below its 50-day moving average may concern short-term investors. Additionally, a lower beta indicates less volatility, which could mean less potential for rapid gains.
Recent Price Action
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Fortis Inc shares closed at C$76.20, marking a slight decrease of 0.25% for the day. Over the past week, the stock has declined by 0.77%, and in the last month, it has fallen by 4.51%. However, year-to-date performance remains positive, with a gain of 6.95%.
Company News and Catalysts
No major company-specific news has been reported this week. However, recent headlines indicate Fortis has been active in reporting its financial results for previous quarters and announcing dividend increases. The company reported net earnings of $422 million for Q4 2025 and has maintained a consistent dividend growth strategy, which may influence investor sentiment.
Technical Picture
Currently, Fortis is trading below its 50-day moving average of C$79.92, which is 4.7% higher than the last closing price. The stock is also just slightly above its 200-day moving average of C$76.51, which is 0.4% lower than the current price. The 52-week range for Fortis is C$64.93 to C$83.07, indicating that the stock is currently trading at 62% of its range. The beta of 0.43 suggests lower volatility compared to the broader market.
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