Fortis (FTS) – Analysts’ Weekly Ratings Changes

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

• 11/6/2026 – Fortis was downgraded by Barclays from “overweight” to “equal weight”. They now have a C$61.00 price target on the stock.
• 11/4/2026 – Fortis was downgraded by Raymond James Financial from “moderate buy” to “hold”. They now have a C$86.50 price target on the stock, up from C$85.50.
• 11/4/2026 – Fortis had its price target raised by Desjardins from C$85.00 to C$90.00. They now have a “buy” rating on the stock.
• 11/4/2026 – Fortis had its price target raised by TD from C$87.00 to C$90.00. They now have a “buy” rating on the stock.
• 11/4/2026 – Fortis had its price target raised by National Bank Financial from C$83.00 to C$84.00. They now have a “sector perform” rating on the stock.
• 11/4/2026 – Fortis had its price target raised by BMO Capital Markets from C$81.00 to C$85.00. They now have a “market perform” rating on the stock.
• 10/27/2026 – Fortis was given a new C$85.00 price target by Desjardins. They now have a “buy” rating on the stock.
• 9/30/2026 – Fortis had its price target lowered by Barclays from C$82.00 to C$76.00. They now have an “overweight” rating on the stock.
• 9/22/2026 – Fortis had its price target lowered by Canadian Imperial Bank of Commerce from C$82.00 to C$78.00.

Fortis Stock Up 0.7%

FTS stock traded up C$0.63 during midday trading on Friday, reaching C$85.06. 637,330 shares of the company’s stock traded hands, compared to its average volume of 1,608,932. The company has a market cap of C$43.87 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 3.01 and a beta of 0.49. The firm’s fifty day moving average price is C$78.25 and its 200-day moving average price is C$78.13. The company has a quick ratio of 0.36, a current ratio of 0.69 and a debt-to-equity ratio of 146.51. Fortis Inc. has a 52 week low of C$69.06 and a 52 week high of C$86.35.

Fortis (TSE:FTS) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported C$0.92 earnings per share (EPS) for the quarter. The firm had revenue of C$3.12 billion during the quarter. Fortis had a net margin of 15.04% and a return on equity of 7.57%. As a group, sell-side analysts forecast that Fortis Inc. will post 3.34 earnings per share for the current fiscal year.

Fortis Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, December 1st will be given a dividend of $0.6650 per share. The ex-dividend date of this dividend is Tuesday, November 17th. This is a positive change from Fortis’s previous quarterly dividend of $0.64. This represents a $2.66 annualized dividend and a dividend yield of 3.1%. Fortis’s payout ratio is presently 72.73%.

Insider Activity

In related news, insider James Reid sold 25,000 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of C$85.83, for a total transaction of C$2,145,750.00. Following the completion of the sale, the insider owned 31,419 shares in the company, valued at approximately C$2,696,692.77. This represents a 44.31% decrease in their ownership of the stock. 0.04% of the stock is currently owned by insiders.

Fortis is a diversified leader in the North American regulated electric and gas utility industry with 2025 revenue of $12 billion and total assets of $79 billion as at June 30, 2026. The Corporation’s 9,900 employees serve utility customers in five Canadian provinces, ten U.S. states and the Cayman Islands.