Fortis (TSE:FTS) Insider James Reid Sells 25,000 Shares of Company Stock

Fortis Inc. (TSE:FTS) insider James Reid sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of C$85.83, for a total value of C$2,145,750.00. Following the transaction, the insider owned 31,419 shares of the company’s stock, valued at C$2,696,692.77. The trade was a 44.31% decrease in their ownership of the stock.

Fortis Stock Performance

Shares of Fortis stock opened at C$84.91 on Friday. The company has a debt-to-equity ratio of 146.51, a quick ratio of 0.36 and a current ratio of 0.69. Fortis Inc. has a one year low of C$69.06 and a one year high of C$86.35. The company has a 50-day simple moving average of C$77.61 and a two-hundred day simple moving average of C$77.89. The company has a market capitalization of C$43.80 billion, a PE ratio of 24.12, a P/E/G ratio of 3.01 and a beta of 0.49.

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

Fortis Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have commented on FTS. TD upped their price objective on shares of Fortis from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday. Canadian Imperial Bank of Commerce lowered their target price on Fortis from C$82.00 to C$78.00 in a research note on Tuesday, September 22nd. National Bank Financial lifted their price target on Fortis from C$83.00 to C$84.00 and gave the stock a “sector perform” rating in a report on Wednesday. Desjardins upped their price target on shares of Fortis from C$85.00 to C$90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays dropped their target price on shares of Fortis from C$82.00 to C$76.00 and set an “overweight” rating on the stock in a report on Wednesday, September 30th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$81.95.

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.