Fortis (NYSE:FTS) Stock Rating Lowered by Wall Street Zen

Fortis (NYSE:FTS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other equities analysts have also recently issued reports on FTS. Scotiabank reaffirmed a “sector perform” rating on shares of Fortis in a report on Friday. National Bank Financial restated a “sector perform” rating on shares of Fortis in a report on Wednesday, November 5th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Fortis in a report on Friday. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Fortis in a report on Tuesday, October 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Fortis in a research note on Friday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Fortis Price Performance

Shares of NYSE:FTS opened at $56.82 on Friday. Fortis has a one year low of $42.95 and a one year high of $57.01. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.51 and a quick ratio of 0.42. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 4.38 and a beta of 0.50. The firm has a 50 day simple moving average of $52.41 and a 200 day simple moving average of $51.24.

Fortis (NYSE:FTS) last posted its earnings results on Thursday, February 12th. The utilities provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Fortis had a net margin of 14.24% and a return on equity of 7.24%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Research analysts predict that Fortis will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fortis

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Fortis by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 24,129,958 shares of the utilities provider’s stock worth $1,254,541,000 after acquiring an additional 536,118 shares during the period. TD Asset Management Inc boosted its position in shares of Fortis by 0.4% during the 3rd quarter. TD Asset Management Inc now owns 13,531,955 shares of the utilities provider’s stock valued at $686,518,000 after purchasing an additional 57,447 shares in the last quarter. Scotia Capital Inc. grew its stake in Fortis by 3.7% during the third quarter. Scotia Capital Inc. now owns 9,163,354 shares of the utilities provider’s stock worth $461,748,000 after purchasing an additional 326,212 shares during the period. Cibc World Market Inc. increased its holdings in Fortis by 8.6% in the fourth quarter. Cibc World Market Inc. now owns 8,564,134 shares of the utilities provider’s stock worth $445,335,000 after purchasing an additional 677,226 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Fortis by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 6,593,417 shares of the utilities provider’s stock valued at $357,381,000 after buying an additional 372,377 shares during the period. Institutional investors and hedge funds own 57.77% of the company’s stock.

Fortis News Roundup

Here are the key news stories impacting Fortis this week:

• Positive Sentiment: Q4 earnings call highlighted “strong growth and strategic investments,” management commentary emphasized ongoing regulated growth drivers and execution of utility projects — supportive for long-term regulated cash flow expectations. Fortis Inc (FTS) Q4 2025 Earnings Call Highlights: Strong Growth and Strategic Investments …
• Positive Sentiment: Company unveiled a record $28.8 billion capital plan for its utility portfolio and reported higher 2025 net earnings — the large multi-year capex plan signals growth in rate base and future regulated earnings. Fortis Posts Higher 2025 Earnings and Unveils Record $28.8 Billion Capital Plan
• Positive Sentiment: Board declared the quarterly common dividend (annualized yield ~4.6%) and set record/ex-dividend dates — supports income investors and underscores management’s commitment to shareholder distributions. Fortis Inc. Announces Second Quarter Dividends – 2026
• Neutral Sentiment: Fortis filed audited 2025 year-end financial and regulatory disclosure documents (designated news releases) and published the earnings press release and slide deck — important for transparency but routine for a regulated utility. Fortis Inc. Files 2025 Year-End Disclosure Documents
• Negative Sentiment: While EPS of $0.65 beat consensus (~$0.62), revenue missed materially ($2.13B actual vs. $2.54B expected) and quarterly EPS declined year‑over‑year — a near-term warning on topline/utility recoveries that could pressure short-term sentiment. Fortis Q4 earnings and conference call

Fortis Company Profile

Fortis Inc is a Canadian diversified electric and gas utility holding company headquartered in St. John’s, Newfoundland and Labrador. Through a portfolio of regulated utility subsidiaries, the company develops, owns and operates electricity and natural gas transmission, distribution and generation assets. Fortis serves customers across multiple jurisdictions in Canada, the United States and the Caribbean, focusing on the delivery of safe, reliable energy to residential, commercial and industrial users.

The company’s core activities include operation and maintenance of transmission and distribution networks, ownership of generation facilities, and investment in grid modernization and system resilience.