Research Analysts Set Expectations for Fortis Q3 Earnings

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

Separately, Jefferies Financial Group began coverage on shares of Fortis in a research note on Thursday, February 13th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Fortis Price Performance

Shares of Fortis stock opened at $43.95 on Wednesday. The firm has a fifty day simple moving average of $42.34 and a 200-day simple moving average of $43.57. The company has a current ratio of 0.74, a quick ratio of 0.63 and a debt-to-equity ratio of 1.32. Fortis has a 1-year low of $36.86 and a 1-year high of $46.06. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 4.05 and a beta of 0.50.

Fortis (NYSE:FTS) last issued its quarterly earnings data on Friday, February 14th. The utilities provider reported $0.59 earnings per share for the quarter, topping 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 business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company earned $0.72 earnings per share.

Hedge Funds Weigh In On Fortis

Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its stake in Fortis by 0.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 293,656 shares of the utilities provider’s stock valued at $12,198,000 after purchasing an additional 2,628 shares during the last quarter. Vise Technologies Inc. acquired a new position in Fortis during the 4th quarter valued at $216,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake 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 valued at $14,167,000 after purchasing an additional 182,101 shares during the last quarter. Twinbeech Capital LP acquired a new position in Fortis during the 4th quarter valued at $302,000. Finally, Two Sigma Investments LP acquired a new position in Fortis during the 4th quarter valued at $289,000. 57.77% of the stock is currently owned by institutional investors and hedge funds.

Fortis Cuts Dividend

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

Fortis Company Profile

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.