Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Fortis Inc
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. The company generates, transmits, and distributes electricity to approximately 459,000 retail customers in southeastern Arizona, including the greater Tucson metropolitan area; and 107,000 retail customers in southeastern Arizona with an aggregate capacity of 3, 443 megawatts (MW). Read full Trend Edge analysis →
Sector: Utilities
Industry: Utilities-Regulated Electric
Exchange: NYSE
IPO Date: January 4, 2016
Headquarters: Fortis Place, St. John's, NF, Canada, A1B 3T2
Hidden Gem: Yes — undiscovered relative to its market cap tier
Founder-Led: No
Key Metrics
Current Price
$56.82
Market Cap
$28.66B
Float
507.7M
Shares Outstanding
509.1M
P/E (Forward)
21.60
P/E (TTM)
22.89
Price/Sales (TTM)
2.34
vs. Analyst Target
-1.4% to analyst PT
Profit Margin
14.73%
Operating Margin (TTM)
28.80%
Revenue (TTM)
$12.23B
Earnings Growth (YoY)
-1.20%
Dividend Rate
1.8%
Analyst Target Price
$56.00 (17 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$8.94B
$1.27B
$6.37B
$4.09B
2021
$9.45B
$1.29B
$6.50B
$4.15B
2022
$11.04B
$1.39B
$7.09B
$4.57B
2023
$11.52B
$1.57B
$7.75B
$5.15B
2024
$11.51B
$1.68B
$8.26B
$5.51B
2025
$12.17B
$1.80B
$8.80B
$5.89B
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$2.81B
$404M
Sep 2025
$2.94B
$431M
Dec 2025
$3.08B
$444M
Mar 2026
$3.39B
$524M
Ownership & Float
Insider Ownership
0.2%
Institutional Ownership
56.7%
Short Float
1.8%
% of All Funds Holding
3.97%
Number of Funds Holding
326
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$56.45
Near-term / short-term trend
Weekly
40-Week SMA
$53.40
Medium-term trend
Weekly
80-Week SMA
$49.69
Cyclical trend (business cycle)
Weekly
200-Week SMA
$44.68
Secular trend (multi-year)
Monthly
10-Month SMA
$53.58
Near-term monthly trend
Monthly
20-Month SMA
$49.62
Medium-term monthly trend
Monthly
40-Month SMA
$45.30
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Fortis Inc
(FTS) powered by Claude Opus — Anthropic's most capable AI model.
The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit,
stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward.
Whether you are building a long position, initiating a short, or looking for a reversal setup,
AI Consult identifies the highest-probability signal from the current trend.