FTS Stock Summary and Trading Ideas (Fortis Common Shares | NYSE:FTS)

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.

Fortis Common Shares trades on the NYSE stock market under the symbol FTS.

As of April 24, 2024, FTS stock price climbed to $39.16 with 599,977 million shares trading.

FTS has a beta of 0.40, meaning it tends to be less sensitive to market movements. FTS has a correlation of 0.08 to the broad based SPY ETF.

FTS has a market cap of $19.31 billion. This is considered a Large Cap stock.

Last quarter Fortis Common Shares reported $2 billion in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-270 million and missed earnings estimates by $.00.

In the last 3 years, FTS stock traded as high as $51.66 and as low as $34.76.

The top ETF exchange traded funds that FTS belongs to (by Net Assets): FVD, PID, DFAI, DFIC, PXF.

FTS has underperformed the market in the last year with a return of -7.0%, while the SPY ETF gained +24.1%. In the last 3 month period, FTS fell short of the market, returning +0.4%, while SPY returned +4.5%. However, in the most recent 2 weeks FTS has outperformed the stock market by returning +2.5%, while SPY returned -1.7%.

FTS support price is $38.72 and resistance is $39.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTS stock will trade within this expected range on the day.