National Bank Financial Predicts Fortis FY2026 Earnings

Fortis Inc. (TSE:FTS) – Research analysts at National Bank Financial decreased their FY2026 EPS estimates for shares of Fortis in a research note issued on Monday, February 17th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $3.49 for the year, down from their prior estimate of $3.53. The consensus estimate for Fortis’ current full-year earnings is $3.34 per share.

A number of other research analysts also recently issued reports on the stock. Jefferies Financial Group set a C$67.00 price target on shares of Fortis and gave the stock a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of Fortis from C$65.00 to C$69.00 in a research report on Tuesday. Scotiabank lifted their price objective on shares of Fortis from C$63.00 to C$66.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Raymond James lifted their price objective on shares of Fortis from C$61.00 to C$62.50 in a research report on Tuesday. Finally, CIBC lifted their price objective on shares of Fortis from C$64.00 to C$65.00 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$62.45.

Fortis Trading Up 1.0 %

Fortis stock opened at C$62.51 on Thursday. The firm’s 50-day moving average is C$60.75 and its 200-day moving average is C$60.66. The company has a debt-to-equity ratio of 142.31, a quick ratio of 0.36 and a current ratio of 0.74. Fortis has a 1 year low of C$51.02 and a 1 year high of C$64.39. The company has a market cap of C$30.92 billion, a P/E ratio of 18.55, a PEG ratio of 3.01 and a beta of 0.23.

Insider Buying and Selling at Fortis

In other Fortis news, Senior Officer Jocelyn Perry sold 11,809 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of C$63.19, for a total transaction of C$746,178.83. 0.04% of the stock is owned by corporate insiders.

Fortis Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 1st. Shareholders of record on Friday, May 16th will be paid a dividend of $0.615 per share. This represents a $2.46 annualized dividend and a yield of 3.94%. Fortis’s payout ratio is 73.02%.

Fortis Company Profile

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.