Fortis (TSE:FTS) Stock Breaks Above 200 Day Moving Average – Should You Sell?

Fortis Inc. (TSE:FTS) shares passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of C$78.09 and traded as high as C$78.98. Fortis shares last traded at C$78.65, with a volume of 1,833,560 shares changing hands.

Analysts Set New Price Targets

Several analysts recently weighed in on FTS shares. Barclays dropped their price objective on Fortis from C$82.00 to C$76.00 and set an “overweight” rating for the company in a research report on Wednesday, September 30th. Canadian Imperial Bank of Commerce lowered their price target on shares of Fortis from C$82.00 to C$78.00 in a report on Tuesday, September 22nd. Finally, Desjardins increased their price target on Fortis from C$81.00 to C$85.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Fortis presently has a consensus rating of “Moderate Buy” and an average price target of C$79.23.

Fortis Stock Performance

The company has a debt-to-equity ratio of 143.60, a quick ratio of 0.36 and a current ratio of 0.56. The stock’s 50 day moving average price is C$76.41 and its 200 day moving average price is C$78.10. The company has a market capitalization of C$41.45 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34.

Fortis (TSE:FTS) last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.78 EPS for the quarter. The business had revenue of C$2.93 billion for the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. As a group, equities analysts expect that Fortis Inc. will post 3.34 EPS for the current year.

Fortis Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, September 1st were given a dividend of $0.64 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.56 annualized dividend and a dividend yield of 3.2%. Fortis’s dividend payout ratio (DPR) is 74.56%.

About Fortis

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.