Fortis Inc (TSE:FTS) – Equities research analysts at National Bank Financial issued their Q4 2019 earnings per share (EPS) estimates for Fortis in a research note issued to investors on Tuesday, February 11th. National Bank Financial analyst P. Kenny anticipates that the company will earn $0.61 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $60.00 target price on the stock.
FTS has been the subject of several other reports. Raymond James reaffirmed a “market perform” rating and issued a C$58.00 target price on shares of Fortis in a research note on Friday. TD Securities lifted their target price on shares of Fortis from C$54.00 to C$61.00 and gave the stock a “hold” rating in a research note on Friday. Credit Suisse Group lifted their target price on shares of Fortis from C$54.00 to C$58.00 in a research note on Monday, January 20th. CSFB lifted their target price on shares of Fortis from C$54.00 to C$58.00 in a research note on Monday, January 20th. Finally, Scotiabank lifted their target price on shares of Fortis from C$57.00 to C$62.00 in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$59.50.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Sunday, March 1st will be paid a dividend of $0.4775 per share. The ex-dividend date is Friday, February 14th. This is a boost from Fortis’s previous quarterly dividend of $0.48. This represents a $1.91 annualized dividend and a dividend yield of 3.27%. Fortis’s payout ratio is currently 49.52%.
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 425,000 retail customers in southeastern Arizona; and 97,000 retail customers in Arizona's Mohave and Santa Cruz counties with an aggregate capacity of 3,377 MW (MW), including 57 MW of solar capacity.
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