Weekly Investment Analysts’ Ratings Changes for Fortis (FTS)

A number of firms have modified their ratings and price targets on shares of Fortis (TSE: FTS) recently:

• 5/8/2026 – Fortis had its price target lowered by Barclays PLC from C$84.00 to C$83.00. They now have an “overweight” rating on the stock.
• 5/8/2026 – Fortis had its price target raised by National Bank Financial from C$74.00 to C$75.00. They now have a “sector perform” rating on the stock.
• 5/7/2026 – Fortis had its price target raised by TD from C$83.00 to C$84.00. They now have a “buy” rating on the stock.
• 4/28/2026 – Fortis had its price target raised by Raymond James Financial, Inc. from C$78.50 to C$80.50. They now have an “outperform” rating on the stock.
• 4/28/2026 – Fortis was given a new C$62.00 price target by Barclays PLC. They now have an “overweight” rating on the stock.

Fortis Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, May 15th. Fortis’s dividend payout ratio is 74.04%.

Insider Activity

In other news, insider Karen J. Gosse sold 8,412 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of C$78.18, for a total transaction of C$657,650.16. Following the completion of the sale, the insider owned 52,228 shares in the company, valued at approximately C$4,083,185.04. This represents a 13.87% decrease in their position. Company insiders own 0.04% of the company’s stock.

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.