Fortis Inc.
FTS.TO (TSX: FTS) TSXAt a glance
- Up 16.2% over the past year; the S&P/TSX Composite rose 20.0%.
- P/E 24.0 — lower than 54% of Utilities peers (13 companies).
- Market cap $43.55B; average daily dollar volume $125.0M over the past 3 months — High liquidity.
- Pays a 3.16% trailing dividend yield (as of 2026-11-12).
- Latest published plan: SHORT on 2026-10-05 at $75.02 — resolved LOSS -2.19% (full ladder).
- 1-year volatility 14.3% (annualized); largest fall from a peak over the past year -10.3%.
Price chart
Split- and dividend-adjusted. All three lines are rebased to 100 at the start of the range, so the chart compares moves, not prices. L marks a LONG plan, S a SHORT plan — each links to that session's day page.
Monthly closes (table version, last 5 years)
| Month | Close |
|---|---|
| 2021-12 | 61.03 |
| 2022-01 | 60.38 |
| 2022-02 | 58.08 |
| 2022-03 | 61.83 |
| 2022-04 | 62.51 |
| 2022-05 | 63.79 |
| 2022-06 | 60.85 |
| 2022-07 | 60.49 |
| 2022-08 | 57.94 |
| 2022-09 | 52.48 |
| 2022-10 | 53.15 |
| 2022-11 | 54.14 |
| 2022-12 | 54.18 |
| 2023-01 | 54.67 |
| 2023-02 | 54.00 |
| 2023-03 | 57.45 |
| 2023-04 | 59.49 |
| 2023-05 | 57.10 |
| 2023-06 | 57.09 |
| 2023-07 | 56.21 |
| 2023-08 | 52.99 |
| 2023-09 | 51.59 |
| 2023-10 | 55.06 |
| 2023-11 | 54.36 |
| 2023-12 | 54.51 |
| 2024-01 | 53.94 |
| 2024-02 | 52.33 |
| 2024-03 | 53.52 |
| 2024-04 | 54.06 |
| 2024-05 | 54.51 |
| 2024-06 | 53.17 |
| 2024-07 | 57.72 |
| 2024-08 | 59.30 |
| 2024-09 | 61.45 |
| 2024-10 | 60.23 |
| 2024-11 | 62.59 |
| 2024-12 | 59.73 |
| 2025-01 | 61.90 |
| 2025-02 | 63.44 |
| 2025-03 | 65.55 |
| 2025-04 | 68.27 |
| 2025-05 | 67.05 |
| 2025-06 | 65.02 |
| 2025-07 | 67.80 |
| 2025-08 | 68.35 |
| 2025-09 | 70.59 |
| 2025-10 | 70.50 |
| 2025-11 | 73.26 |
| 2025-12 | 71.36 |
| 2026-01 | 72.60 |
| 2026-02 | 78.47 |
| 2026-03 | 77.61 |
| 2026-04 | 77.68 |
| 2026-05 | 76.26 |
| 2026-06 | 81.25 |
| 2026-07 | 79.80 |
| 2026-08 | 76.59 |
| 2026-09 | 75.17 |
| 2026-10 | 81.97 |
| 2026-11 | 84.43 |
The Composite is proxied by XIU.TO (iShares S&P/TSX 60 Index ETF); the database holds no Composite index series. The sector fund is a fund, never the index.
Performance
Over the past year the stock is up 16.2% against +20.0% for the Composite — 3.8 points behind.
| Metric | 1W | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|---|---|---|
| Stock | -1.6% | +11.0% | +7.9% | +9.6% | +18.3% | +16.2% | +14.9% | +8.5% |
| Sector fund (XUT.TO) | +0.9% | +6.6% | +2.6% | +3.7% | +15.5% | +11.0% | +14.9% | +4.1% |
| Composite (XIU.TO, proxy) | +1.8% | +2.8% | -0.1% | +9.4% | +16.1% | +20.0% | +22.0% | +10.5% |
| Difference vs Composite | -3.4% | +8.3% | +7.9% | +0.1% | +2.2% | -3.8% | -7.1% | -2.0% |
3Y and 5Y are annualized from 3Y. The Composite is proxied by XIU.TO; the sector fund is iShares S&P/TSX Capped Utilities Index ETF (XUT.TO).
Risk and trading
1-year volatility +14.3% (annualized); largest fall from a peak -10.3% (Jul 24, 2026 to Sep 15, 2026); beta 0.29 against the Composite (2Y weekly).
| Volatility (1Y, annualized) | +14.3% |
| Maximum drawdown (1Y) | -10.3% (Jul 24, 2026 to Sep 15, 2026) |
| Beta (2Y weekly, vs Composite) | 0.29 |
| Average daily volume (3M) | 1,590,408 |
| Dollar volume (3M, average per day) | $125.0M |
| Liquidity | High (High: $1M or more a day; Moderate: $100K or more; Low: under $100K, by average daily dollar volume.) |
Valuation
P/E 24.0 — lower than 54% of Utilities peers (13 companies). The sector median P/E is 24.2.
| Multiple | Value | Against sector peers |
|---|---|---|
| P/E (TTM) | 24.0 | Lower than 54% of peers (13 companies; median 24.2) |
| Earnings yield | 4.17% | — |
| P/B | 1.80 | Lower than 41% of peers (17 companies; median 1.72) |
| P/S | Not available: Not available — needs TTM revenue; see financials. | — |
| EV/EBITDA | 14.4 | Lower than 33% of peers (15 companies; median 13.5) |
| Dividend yield | 3.16% | — |
| Payout ratio | Not available: Not available — no stored dividend history yet. | — |
Each multiple is shown against the sector median of the pages' universe as a percentile: "lower than 25% of peers" means the value sits below 25% of them. Valuation multiples are from the Nov 12, 2026 snapshot, and are always printed with that date.
More: dividend rate and earnings yield
Dividend rate: 2.66. Earnings yield is earnings per share divided by price — the inverse of P/E.
Financials
Revenue $12.17B in 2025 (TTM $12.35B); net income $1.80B; free cash flow -$2.17B. Reporting currency: CAD.
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $11.04B | $11.52B | $11.51B | $12.17B | $12.35B |
| Gross margin | 64.2% | 67.3% | 71.8% | 72.3% | — |
| Net income | $1.39B | $1.57B | $1.68B | $1.80B | $1.81B |
| Free cash flow | -$791.0M | -$624.0M | -$1.34B | -$2.17B | -$2.08B |
| Diluted shares | 482,150,634 | 490,588,502 | 499,301,105 | 507,340,068 | — |
Revenue by year
Free cash flow by year
| Cash | $367.0M |
| Total debt | $34.67B |
| Debt-to-equity | 1.46 |
| Operating margin (latest snapshot, Nov 12, 2026) | 29.2% |
Figures as reported in stored financials; reporting currency CAD. Operating margin is not stored per year, so the latest snapshot value is shown. TTM covers 2025-09-30, 2025-12-31, 2026-03-31, 2026-06-30.
Dividends and splits
Pays a 3.16% trailing dividend yield (as of Nov 12, 2026). No splits on record.
| Year | Dividend per share |
|---|---|
| Not available: No stored dividend history yet. | |
Trailing yield 3.16% is the stored key-stats snapshot value (as of Nov 12, 2026) — the dividend history itself is not stored yet, so no history table is shown.
| Date | Action | Ratio |
|---|---|---|
| Not available: No splits on record for this ticker. | ||
Next ex-dividend date: Not available: No stored ex-dividend dates for equities. Prices on the chart are split- and dividend-adjusted (no splits on record, so nothing to adjust).
Ownership and dilution
Insiders bought 23 times and sold 0 times in the 90 days to Nov 12, 2026. Shares outstanding grew 1.6% over 1 year.
| Insider buys (90 days) | 23 |
| Insider sell (90 days) | 0 |
| Shares outstanding change (1Y) | +1.6% |
| Shares outstanding change (3Y) | +5.2% |
| Held by insiders | 0.20% |
| Held by institutions | 60.19% |
Counts are by filing date. Holdings are from the key-stats snapshot (as of Nov 12, 2026).
Recent insider trades (20)
| Filing date | Type | Name | Shares | Price | Value |
|---|---|---|---|---|---|
| Oct 1, 2026 | BUY | BLOUIN, PIERRE J | 153 | 52.82 | $8K |
| Oct 1, 2026 | BUY | DOBSON (JULIE A) | 327 | 53.00 | $17K |
| Oct 1, 2026 | BUY | DUROCHER (LISA) | 152 | 52.82 | $8K |
| Sep 1, 2026 | BUY | AMAIMO (STEPHANIE ANN) | 50 | 54.87 | $3K |
| Sep 1, 2026 | BUY | AVERY (JULIE MADGE) | 55 | 54.87 | $3K |
| Sep 1, 2026 | BUY | FINLAY (TANYA NICOLE) | 6 | 53.78 | $322 |
| Sep 1, 2026 | BUY | FINLAY (TANYA NICOLE) | 67 | 54.87 | $4K |
| Sep 1, 2026 | BUY | GLITCH (KERI LINDA) | 4 | 55.01 | $220 |
| Sep 1, 2026 | BUY | HUTCHENS (DAVID GERARD) | 5 | 54.87 | $274 |
| Sep 1, 2026 | BUY | HUTCHENS (DAVID GERARD) | 105 | 55.01 | $6K |
| Sep 1, 2026 | BUY | LOCHRAY (STUART) | 67 | 54.87 | $4K |
| Sep 1, 2026 | BUY | MARTIN (KEALEY DARLENE) | 256 | 54.87 | $14K |
| Sep 1, 2026 | BUY | MARTIN (KEALEY DARLENE) | 4 | 54.87 | $219 |
| Sep 1, 2026 | BUY | MCCARTHY (KAREN) | 33 | 54.87 | $2K |
| Sep 1, 2026 | BUY | O DEA, REGAN | 78 | 54.87 | $4K |
| Sep 1, 2026 | BUY | O DEA, REGAN | 43 | 53.78 | $2K |
| Sep 1, 2026 | BUY | PERRY (JOCELYN H.) | 172 | 54.87 | $9K |
| Sep 1, 2026 | BUY | PERRY (JOCELYN H.) | 291 | 53.78 | $16K |
| Sep 1, 2026 | BUY | REID (JAMES) | 115 | 54.87 | $6K |
| Sep 1, 2026 | BUY | REID (JAMES) | 21 | 53.78 | $1K |
Peers
Peers in Utilities, by market cap: NEE.TO, CEGS.TO, H.TO, EMA.TO, CU.TO, CPX.TO, ACO-X.TO, AQN.TO.
| Ticker | Price | 1Y % | Market cap | P/E | EV/EBITDA | Div yield | 1Y vol |
|---|---|---|---|---|---|---|---|
| NEE.TO | 27.37 | — | $238.99B | 15.5 | — | — | +21.5% |
| CEGS.TO | 19.21 | -21.5% | $135.51B | 23.1 | — | — | +50.7% |
| H.TO | 57.08 | +9.4% | $34.25B | 24.4 | 16.1 | 2.48% | +15.5% |
| EMA.TO | 72.33 | +8.6% | $22.30B | 24.2 | 13.5 | 4.10% | +15.8% |
| CU.TO | 53.24 | +26.9% | $14.50B | 380.3 | 15.3 | 3.50% | +16.7% |
| CPX.TO | 64.79 | -2.5% | $10.20B | — | 16.3 | 4.25% | +28.5% |
| ACO-X.TO | 87.54 | +57.5% | $8.84B | 55.4 | 12.4 | 2.38% | +20.6% |
| AQN.TO | 7.90 | -9.2% | $6.08B | 24.7 | 13.6 | 4.58% | +23.8% |
Each row links to its own page when one exists. Peer 1Y returns and volatility use raw closes; peer splits are unadjusted.
analiti.ca history
2 published plans: 0 wins, 2 losses, 0 open; average -1.14% per resolved plan (full ladder).
| Date | Side | Entry | Stop | First exit | Exits | Outcome (full ladder) | First exit | Hold |
|---|---|---|---|---|---|---|---|---|
| 2026-10-02 | LONG | 75.73 | 74.34 | 76.66 | Exit 1 · 40% out 76.66 (+1.2%); Exit 2 · 30% out 77.59 (+2.5%); Exit 3 · 20% out 78.52 (+3.7%) | LOSS (-0.09%) · Oct 7, 2026 | SCRATCH (-0.09%) · Oct 7, 2026 | 32 |
| 2026-10-05 | SHORT | 75.02 | 76.42 | 74.08 | Exit 1 · 40% out 74.08 (+1.3%); Exit 2 · 30% out 73.15 (+2.5%); Exit 3 · 20% out 72.21 (+3.7%) | LOSS (-2.19%) · Oct 13, 2026 | LOSS (-1.87%) · Oct 13, 2026 | 32 |
The full ladder is the headline method: 40/30/20% at the three exits, the last slice held to stop or end. First exit credits the whole position at the first exit level. Full history: the track record. Each plan's day page is linked from its date; the brief that day: brief not published yet, brief not published yet.
Superstock score
Latest score 0.0 (Nov 13, 2026). The score is the published Superstock screen score — nothing else.
| Date | Score |
|---|---|
| Nov 8, 2026 | 0.0 |
| Nov 9, 2026 | 0.0 |
| Nov 9, 2026 | 0.0 |
| Nov 10, 2026 | 0.0 |
| Nov 10, 2026 | 0.0 |
| Nov 10, 2026 | 0.0 |
| Nov 11, 2026 | 0.0 |
| Nov 11, 2026 | 0.0 |
| Nov 12, 2026 | 0.0 |
| Nov 12, 2026 | 0.0 |
| Nov 13, 2026 | 0.0 |
| Nov 13, 2026 | 0.0 |
Sector condition: Utilities — Leading (as of Nov 5, 2026). Superstock screen.
Key dates
| Next earnings | Not available: No company release or exchange notice in the stored data — stored dates are Yahoo-sourced, so none is shown. |
| Last earnings | Jul 31, 2026 · EPS 0.78 |
| Next ex-dividend | Not available: No stored ex-dividend dates for equities. |
The next earnings date is shown only from the company's own release or an exchange notice, with a link. The stored last-earnings date is Yahoo-sourced.
Sources and data notes
| Block | Source | As of |
|---|---|---|
| prices, chart, performance, risk | daily_prices (Yahoo) | Nov 12, 2026 |
| valuation, market cap, ownership | yahoo_key_stats snapshot | Nov 12, 2026 |
| financials | financials (Yahoo) | Jun 30, 2026 |
| plans, resolutions | published entries-*.json + track-record.json | Nov 12, 2026 |
| insiders | insider_trades (SEDI filings) | Nov 12, 2026 |
| splits | Split inventory (interim table) | Nov 5, 2026 |
| sector condition | conditions-2026-11-05.json | Nov 5, 2026 |
| Superstock score | superstock_checks + superstock.json | Nov 12, 2026 |
Not available rules. A field older than its freshness limit shows "not available", never a stale number: prices, 3 trading days; fundamentals, 120 days after the fiscal period end plus 45 days. Valuation multiples are always printed with their snapshot date.
Data file: /data/t/FTS.TO.json · Markdown twin: /t/FTS.TO.md
Facts and published history only. Plans are generated by a quant model.