
Fortis (FTS) Stock Forecast & Price Target
Fortis (FTS) Analyst Ratings
Bulls say
Fortis demonstrates a positive outlook due to robust load growth expectations driven by significant service requests from large customers, particularly within its UNS Energy subsidiary. The company anticipates rate base and earnings growth to facilitate annual dividend increases of 4–6% through 2029, supported by an expected average cash flow to debt metric of 12.1-12.2% from 2025 to 2029. Additionally, a recent 4.2% increase in dividends, marking 51 consecutive years of growth, alongside modestly adjusted earnings per share estimates, reflects Fortis's strong financial performance and capital investment strategy in its diversified regulated utility operations.
Bears say
Fortis's stock outlook is hindered by several significant risks, including potential greater-than-expected earnings impacts from fluctuating demand for electricity and gas consumption. Additionally, the company faces punitive regulatory or governmental decisions, which could adversely affect operational performance and overall financial health. Uncertainties surrounding economic and tourism conditions in its service territories, as well as operational and financial challenges with newly acquired businesses, further contribute to a negative sentiment regarding Fortis's future growth potential.
This aggregate rating is based on analysts' research of Fortis and is not a guaranteed prediction by Public.com or investment advice.
Fortis (FTS) Analyst Forecast & Price Prediction
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