Fortis Inc's fundamentals are relatively stable, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 53 out of 65 in the Electric Utilities & IPPs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 51.61.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Fortis Inc's Score
Industry at a Glance
Industry Ranking
53 / 65
Overall Ranking
302 / 4521
Industry
Electric Utilities & IPPs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Fortis Inc Highlights
StrengthsRisks
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 74.53%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 74.53%.
Overvalued
The company’s latest PE is 22.34, at a high 3-year percentile range.
Analyst Rating
Based on
12
analysts
Hold
Current Rating
51.610
Target Price
-6.15%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.