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Fortis (FTS)

(Delayed Data from NYSE)

$39.16 USD

39.16
974,574

+0.06 (0.15%)

Updated Apr 24, 2024 04:00 PM ET

After-Market: $39.16 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

Zacks Rank Education - Learn about the Zacks Rank

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value D Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 33% (83 out of 252)

Industry: Utility - Electric Power

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

Balance Sheet

Research for FTS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Fortis falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 463 161 105 186 279
Receivables 1,347 1,799 1,206 1,022 977
Notes Receivable 0 0 0 0 0
Inventories 419 508 381 315 297
Other Current Assets 753 815 485 427 387
Total Current Assets 2,982 3,284 2,177 1,950 1,940
Net Property & Equipment 32,140 32,047 30,173 26,873 25,613
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 10,145 10,778 10,423 9,766 9,996
Deposits & Other Assets 3,568 3,314 3,233 2,828 2,696
Total Assets 48,834 49,423 46,006 41,417 40,245
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 2,202 2,529 2,051 1,733 1,792
Current Portion Long-Term Debt 1,789 2,103 1,496 1,035 906
Current Portion Capital Leases 0 0 0 0 18
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 427 458 285 329 431
Total Current Liabilities 4,418 5,090 3,832 3,096 3,147
Mortgages 0 0 0 0 0
Deferred Taxes/Income 3,259 3,123 2,894 2,496 2,237
Convertible Debt 0 0 0 0 0
Long-Term Debt 20,176 19,946 18,916 17,254 16,203
Non-Current Capital Leases 251 258 266 247 311
Other Non-Current Liabilities 3,445 3,435 3,410 3,181 3,189
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 31,549 31,853 29,317 26,275 25,088
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 1,202 1,248 1,295 1,212 1,223
Common Stock (Par) 11,192 11,273 11,360 10,316 10,283
Capital Surplus 7 8 8 8 8
Retained Earnings 3,046 2,871 2,759 2,396 2,198
Other Equity 1,837 2,169 1,267 1,210 1,445
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 17,284 17,570 16,689 15,142 15,157
Total Liabilities & Shareholder's Equity 48,834 49,423 46,006 41,417 40,245
Total Common Equity 16,082 16,322 15,394 13,930 13,934
Shares Outstanding 490.50 482.10 474.70 466.70 463.20
Book Value Per Share 32.79 33.86 32.43 29.85 30.08

Fiscal Year End for Fortis falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 463 570 513 426
Receivables NA 1,347 1,228 1,175 1,387
Notes Receivable NA 0 0 0 0
Inventories NA 419 438 397 421
Other Current Assets NA 753 1,134 1,081 843
Total Current Assets NA 2,982 3,370 3,166 3,076
Net Property & Equipment NA 32,140 32,212 31,074 31,190
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 10,145 10,412 10,171 10,307
Deposits & Other Assets NA 3,568 3,408 3,252 3,201
Total Assets NA 48,834 49,402 47,663 47,775
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 2,202 2,143 1,809 2,187
Current Portion Long-Term Debt NA 1,789 2,126 1,758 2,013
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 427 478 460 347
Total Current Liabilities NA 4,418 4,746 4,027 4,546
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 3,259 3,130 2,989 3,025
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 20,176 20,250 19,940 19,564
Non-Current Capital Leases NA 251 255 249 254
Other Non-Current Liabilities NA 3,472 3,220 3,323
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 31,549 31,853 30,424 30,712
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 1,202 1,210 1,207 1,200
Common Stock (Par) NA 11,192 11,175 11,074 10,920
Capital Surplus NA 7 7 6 6
Retained Earnings NA 3,046 2,996 3,117 2,880
Other Equity NA 1,837 2,161 1,835 2,057
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 17,284 17,549 17,239 17,063
Total Liabilities & Shareholder's Equity NA 48,834 49,402 47,663 47,775
Total Common Equity 0 16,082 16,339 16,032 15,863
Shares Outstanding 493.00 490.50 488.50 486.40 484.30
Book Value Per Share 0.00 32.79 33.45 32.96 32.75