Fortis (TSE:FTS) Sets New 52-Week High – Should You Buy?

Fortis Inc. (TSE:FTS) shares reached a new 52-week high on Tuesday. The company traded as high as C$84.24 and last traded at C$83.94, with a volume of 823,006 shares. The stock had previously closed at C$82.95.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FTS shares. Desjardins set a C$85.00 target price on shares of Fortis and gave the company a “buy” rating in a research report on Tuesday, October 27th. Canadian Imperial Bank of Commerce lowered their price target on Fortis from C$82.00 to C$78.00 in a research report on Tuesday, September 22nd. Finally, 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 note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$79.23.

Fortis Stock Performance

The stock’s 50 day moving average is C$76.94 and its two-hundred day moving average is C$77.64. The stock has a market capitalization of C$42.98 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.34. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 143.60.

Fortis (TSE:FTS) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported C$0.92 EPS for the quarter. Fortis had a net margin of 14.72% and a return on equity of 7.43%. The firm had revenue of C$3.12 billion during the quarter. Analysts expect that Fortis Inc. will post 3.34 earnings per share for the current fiscal year.

Fortis Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.64 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.56 annualized dividend and a dividend yield of 3.0%. Fortis’s dividend payout ratio (DPR) is currently 74.56%.

Fortis Company Profile

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.