Fortis (FTS) Given News Sentiment Score of 0.14
News headlines about Fortis (NYSE:FTS) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortis earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.980215454787 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s analysis:
- TFSA Investors: A Reliable Dividend-Growth Stock to Start 2018 (ca.finance.yahoo.com)
- Fortis (FTS) Given Buy Rating at Scotiabank (americanbankingnews.com)
- Fortis, Inc. – Value Analysis (NYSE:FTS) : December 1, 2017 (finance.yahoo.com)
- Fortis, Inc. breached its 50 day moving average in a Bearish Manner : FTS-US : November 30, 2017 (finance.yahoo.com)
A number of analysts recently weighed in on the company. Scotiabank restated a “buy” rating and issued a $51.00 target price on shares of Fortis in a research report on Monday. Zacks Investment Research downgraded Fortis from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Fortis currently has a consensus rating of “Hold” and a consensus target price of $42.33.
Shares of Fortis (NYSE FTS) traded up $0.05 during mid-day trading on Wednesday, reaching $36.99. The company’s stock had a trading volume of 305,112 shares, compared to its average volume of 187,165. The company has a quick ratio of 0.43, a current ratio of 0.52 and a debt-to-equity ratio of 1.31. Fortis has a 12-month low of $30.06 and a 12-month high of $38.24. The company has a market capitalization of $15,580.23, a P/E ratio of 19.05, a P/E/G ratio of 3.43 and a beta of -1.70.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a $0.3396 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.36 annualized dividend and a yield of 3.67%. This is an increase from Fortis’s previous quarterly dividend of $0.32. Fortis’s payout ratio is presently 70.16%.
Fortis Inc operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It generates, transmits, and distributes electricity to approximately 420,000 retail customers in a territory comprising approximately 2,991 square kilometers located in southeastern Arizona, including the greater Tucson metropolitan area in Pima county, as well as parts of Cochise county; and 95,000 retail customers in Arizonas Mohave and Santa Cruz counties with an aggregate capacity of 2,994 megawatts (MW) comprising 54 MW of solar capacity.
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