Investment Analysts’ Recent Ratings Updates for Fortis (FTS)

Fortis (TSE: FTS) recently received a number of ratings updates from brokerages and research firms:

• 2/13/2026 – Fortis had its price target raised by Desjardins from C$79.00 to C$81.00. They now have a “buy” rating on the stock.
• 2/13/2026 – Fortis had its price target raised by Raymond James Financial, Inc. from C$75.50 to C$78.50. They now have an “outperform” rating on the stock.
• 2/13/2026 – Fortis had its price target raised by Royal Bank Of Canada from C$79.00 to C$80.00. They now have a “sector perform” rating on the stock.
• 2/13/2026 – Fortis had its price target raised by BMO Capital Markets from C$74.00 to C$77.00. They now have a “market perform” rating on the stock.
• 2/13/2026 – Fortis had its price target raised by Scotiabank from C$79.00 to C$80.00. They now have a “sector perform” rating on the stock.
• 1/28/2026 – Fortis had its price target lowered by Jefferies Financial Group Inc. from C$72.00 to C$70.00.

Fortis Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Sunday, March 1st will be paid a $0.64 dividend. This represents a $2.56 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, February 17th. Fortis’s dividend payout ratio is presently 73.09%.

Insider Transactions at Fortis

In other news, insider Karen J. Gosse sold 8,412 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of C$78.18, for a total value of C$657,650.16. Following the sale, the insider directly owned 52,228 shares of the company’s stock, 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.