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 company’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of C$85.83, for a total value of C$2,145,750.00. Following the sale, the insider directly owned 31,419 shares in the company, valued at C$2,696,692.77. This trade represents a 44.31% decrease in their ownership of the stock.

Fortis Price Performance

Shares of TSE FTS traded down C$0.43 during midday trading on Friday, reaching C$85.36. 964,872 shares of the stock traded hands, compared to its average volume of 1,604,984. The company’s 50 day moving average is C$77.43 and its 200 day moving average is C$77.83. Fortis Inc. has a one year low of C$69.06 and a one year high of C$86.35. The company has a debt-to-equity ratio of 146.51, a current ratio of 0.69 and a quick ratio of 0.36. The stock has a market capitalization of C$44.03 billion, a PE ratio of 24.25, a P/E/G ratio of 3.01 and a beta of 0.49.

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

Fortis Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, December 1st will be paid a $0.6650 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, November 17th. This is an increase from Fortis’s previous quarterly dividend of $0.64. Fortis’s dividend payout ratio is 72.73%.

Analyst Ratings Changes

FTS has been the topic of several recent research reports. Desjardins upped their target price on shares of Fortis from C$85.00 to C$90.00 and gave the company a “buy” rating in a research report on Wednesday. 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 research report on Wednesday. TD boosted their price objective on Fortis from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial downgraded Fortis from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$85.50 to C$86.50 in a research report on Wednesday. Finally, Barclays lowered 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. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.