Research Analysts Set Expectations for Fortis Q3 Earnings

Fortis Inc. (NYSE:FTS) – Analysts at Raymond James lowered their Q3 2025 EPS estimates for shares of Fortis in a research note issued on Monday, February 17th. Raymond James analyst T. Genzebu now expects that the utilities provider will earn $0.56 per share for the quarter, down from their prior estimate of $0.58. Raymond James currently has a “Market Perform” rating on the stock. The consensus estimate for Fortis’ current full-year earnings is $2.35 per share.

Fortis (NYSE:FTS) last announced its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Fortis had a net margin of 14.12% and a return on equity of 7.19%. The company had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the company posted $0.72 EPS.

Separately, Jefferies Financial Group started coverage on shares of Fortis in a report on Thursday, February 13th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, Fortis presently has an average rating of “Hold”.

Fortis Trading Up 0.7 %

Shares of FTS stock opened at $43.95 on Wednesday. Fortis has a 52-week low of $36.86 and a 52-week high of $46.06. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 18.62, a P/E/G ratio of 4.05 and a beta of 0.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.63 and a current ratio of 0.74. The firm has a fifty day moving average of $42.34 and a 200-day moving average of $43.57.

Fortis Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Stockholders of record on Friday, May 16th will be issued a $0.4324 dividend. This represents a $1.73 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Friday, May 16th. Fortis’s payout ratio is 80.08%.

Institutional Investors Weigh In On Fortis

Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of Fortis by 0.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 293,656 shares of the utilities provider’s stock worth $12,198,000 after purchasing an additional 2,628 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Fortis in the 4th quarter worth about $216,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Fortis by 114.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 341,377 shares of the utilities provider’s stock worth $14,167,000 after acquiring an additional 182,101 shares during the last quarter. Twinbeech Capital LP bought a new stake in Fortis during the 4th quarter worth about $302,000. Finally, Two Sigma Investments LP bought a new stake in Fortis during the 4th quarter worth about $289,000. Institutional investors own 57.77% of the company’s stock.

About Fortis

Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 447,000 retail customers in southeastern Arizona; and 103,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,408 megawatts (MW), including 68 MW of solar capacity and 250 MV of wind capacity.