Fortis (TSE:FTS) Stock: Insider James Reid Sells 25,000 Shares

Fortis Inc. (TSE:FTS) insider James Reid sold 25,000 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of C$85.83, for a total value of C$2,145,750.00. Following the sale, the insider owned 31,419 shares of the company’s stock, valued at C$2,696,692.77. This trade represents a 44.31% decrease in their position.

Fortis Stock Down 1.0%

FTS opened at C$84.91 on Friday. Fortis Inc. has a fifty-two week low of C$69.06 and a fifty-two week high of C$86.35. The business has a 50-day moving average of C$77.61 and a 200-day moving average of C$77.89. The company has a debt-to-equity ratio of 146.51, a current ratio of 0.69 and a quick ratio of 0.36. The company has a market capitalization of C$43.80 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 3.01 and a beta of 0.49.

Fortis (TSE:FTS) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.92 earnings per share (EPS) for the quarter. The business had revenue of C$3.12 billion during the quarter. Fortis had a return on equity of 7.57% and a net margin of 15.04%. Equities research analysts forecast that Fortis Inc. will post 3.34 EPS for the current fiscal year.

Fortis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be given a dividend of $0.6650 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This is a boost from Fortis’s previous quarterly dividend of $0.64. This represents a $2.66 annualized dividend and a yield of 3.1%. Fortis’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Several analysts have commented on FTS shares. Canadian Imperial Bank of Commerce decreased their target price on shares of Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. TD raised their price target on shares of Fortis from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday. Desjardins lifted their price objective on shares of Fortis from C$85.00 to C$90.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets upped their price objective on shares of Fortis from C$81.00 to C$85.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, National Bank Financial increased their target price on shares of Fortis from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$81.95.

About Fortis

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.