Is Fortis Inc’s Fuel Running Low? The Stock Just Declined Again

 Is Fortis Inc's Fuel Running Low? The Stock Just Declined Again

The stock of Fortis Inc (TSE:FTS) is a huge mover today! About 122,399 shares traded hands. Fortis Inc (TSE:FTS) has risen 3.60% since April 20, 2016 and is uptrending. It has underperformed by 1.81% the S&P500.
The move comes after 5 months negative chart setup for the $16.39 billion company. It was reported on Nov, 24 by Barchart.com. We have $39.07 PT which if reached, will make TSE:FTS worth $655.60M less.

Fortis Inc (TSE:FTS) Ratings Coverage

Out of 8 analysts covering Fortis Incorporated (TSE:FTS), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Fortis Incorporated has been the topic of 15 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Wednesday, July 20, the company rating was downgraded by IBC. The firm has “Outperform” rating given on Thursday, September 22 by Raymond James. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, October 7.

More notable recent Fortis Inc (TSE:FTS) news were published by: Fool.ca which released: “Get Stable, Long-Term Growth From Fortis Inc.” on November 23, 2016, also Moodys.com with their article: “Moody’s assigns new Baa3 ratings to Fortis Inc; outlook stable” published on September 26, 2016, Marketwatch.com published: “Fortis Inc. Announces Pricing of US$2.0 Billion Notes Offering” on September 30, 2016. More interesting news about Fortis Inc (TSE:FTS) were released by: Marketwired.com and their article: “Fortis Inc. Sells 4.7 Million Trust Units of Slate Office REIT” published on November 17, 2016 as well as Fool.ca‘s news article titled: “4 Top Reasons to Love Fortis Inc.” with publication date: November 11, 2016.

Fortis Inc is a Canada-based electric and gas utility company. The company has a market cap of $16.39 billion. The Company’s divisions include Regulated Utilities and Non-Regulated Utilities. It has a 22.03 P/E ratio. The Regulated Utilities segment includes Regulated Electric & Gas Utilities-United States, which consists of UNS Energy Corporation (UNS Energy) and Central Hudson Gas & Electric Corporation (Central Hudson); Regulated Gas Utility-Canadian, which consists of FortisBC Energy Inc. (FortisBC Energy); Regulated Electric Utilities-Canadian, which consists of FortisAlberta Inc. (FortisAlberta), FortisBC Electric and Eastern Canadian, and Regulated Electric Utilities-Caribbean, which includes its ownership interest in Caribbean Utilities Company, Ltd. (Caribbean Utilities), Fortis Turks and Caicos, and its investment in Belize Electricity Limited (Belize Electricity).

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