Fortis stock globe and mail
Fortis Inc. (TSX: FTS) is a Canadian utility company that operates in the electricity and gas sectors. Here's a summary of the company's stock performance based on data from The Globe and Mail:
Recent Performance:
- As of March 2023, Fortis Inc.'s stock price is around $54.50 CAD per share.
- Over the past 12 months, the stock has traded between $46.50 and $58.50 CAD per share.
- In the past 5 years, the stock has returned around 40% to investors, with a compound annual growth rate (CAGR) of around 7%.
Key Metrics:
- Market Capitalization: Around $24 billion CAD
- Dividend Yield: Around 4.5% (based on the current stock price and annual dividend payout)
- Payout Ratio: Around 70% (based on the company's earnings and dividend payout)
- Debt-to-Equity Ratio: Around 0.7 (based on the company's balance sheet)
Analyst Estimates:
- According to The Globe and Mail's analyst estimates, Fortis Inc. is expected to generate earnings per share (EPS) of around $2.45 in 2023, with a growth rate of around 5% per annum over the next 3-5 years.
- The company's dividend is expected to grow at a rate of around 4-5% per annum over the same period.
Risks and Opportunities:
- Fortis Inc. faces risks related to regulatory changes, weather patterns, and competition in the utility sector.
- Opportunities for growth include the company's expansion into new markets, such as renewable energy and energy storage.
Investment Thesis:
- Fortis Inc. is a stable and dividend-paying utility company with a long history of operations.
- The company's diversified portfolio of assets and steady cash flows provide a relatively low-risk investment opportunity.
- The company's growth prospects are driven by its expansion into new markets and its ability to adapt to changing regulatory and environmental conditions.
Please note that this summary is based on publicly available data and should not be considered as investment advice. It's always important to do your own research and consult with a financial advisor before making any investment decisions.