Fortis Inc. sees a modest uptick in stock performance this week amid upcoming financial discussions.
Fortis Inc. (FTS.TO) has experienced a slight increase in its stock price this week, closing at C$75.96, up 0.54% on the day and 0.65% over the week. The utility sector remains a focal point for investors, particularly as Fortis prepares for a significant announcement regarding its financial outlook.
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Fortis Inc
FTS.TO
FTS.TO
Fortis Inc
WealthAwesomeMarket cap
$38.79B
P/E
22.3x
Div. yield
3.35%
Div. / share
$2.54
52W high
$83.07
52W low
$67.17
1W change
+1.13%
Beta
0.41
Analyst Price Targets
Based on analyst covering FTS · as of Oct 6, 2026
Wall Street analysts forecast FTS stock price to rise 6.6% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$80.96
+6.6% Upside
Previously C$81.96 on Oct 2, 2026
Current Price
C$75.92
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FTS's historical volatility
30-Day Vol
9.3%
Annualized
90-Day Vol
12.7%
Annualized
Trend (90d)
-25.0%
Annualized drift
90d Mean
C$69.45
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$73.70 | C$71.37 – C$76.10 |
| 60 trading days | C$71.54 | C$68.37 – C$74.86 |
| 90 trading days | C$69.45 | C$65.69 – C$73.42 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. 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 keep an eye on Fortis as it approaches its teleconference on November 3, where the company will discuss its third-quarter results and a new five-year capital outlook. This could provide insights into the company's future direction and investment plans.
Fortis Inc Market Cap at C$38.65 Billion
With a profit margin of 14.7% and a P/E ratio of 22.25, Fortis showcases a solid financial position within the utilities sector, which may appeal to long-term investors seeking stability.
Bull case
The upcoming teleconference could highlight positive developments in Fortis's capital projects. If these updates are favorable, they may boost investor confidence and help drive the stock price closer to analyst targets.
Bear case
On the other hand, if the results and outlook shared during the teleconference fall short of investor expectations, the stock may face downward pressure. This is particularly relevant given its current price relative to its moving averages.
Recent Price Action
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Fortis Inc. has closed at C$75.96, reflecting a gain of 0.54% for the day and a 0.65% increase over the past week. Year-to-date, the stock has appreciated by 8.85%, indicating a generally positive trend despite a minor decline of 1.06% over the last month.
Company News
On October 5, Fortis announced it will hold a teleconference and webcast on November 3 to discuss its third-quarter 2026 results along with a new five-year capital outlook. This event is anticipated to provide crucial insights into the company's strategic direction and financial health, which could influence investor sentiment.
Technical Picture
Currently, Fortis Inc. is trading slightly below its 50-day moving average of C$76.95 and its 200-day moving average of C$76.98, both of which are down approximately 1.3% from the current price. The stock has a 52-week range of C$67.17 to C$83.07, indicating it is currently at about 55% of its range. With a beta of 0.41, Fortis is considered less volatile than the market, which may appeal to conservative investors. Notably, the stock's trading volume has been significantly higher than its 20-day average, with 365,157 shares traded compared to the average of 1,150,482 shares.
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