Fortis Inc (NYSE:FTS) shares, rose in value on Friday, July 11, with the stock price up by 0.08% to the previous day’s close as strong demand from buyers drove the stock to $47.21.
Actively observing the price movement in the last trading, the stock closed the session at $47.17, falling within a range of $46.915 and $47.309. The value of beta (5-year monthly) was 0.342 whereas the PE ratio was 19.90 over 12-month period. Referring to stock’s 52-week performance, its high was $50.06, and the low was $39.39. On the whole, FTS has fluctuated by -0.59% over the past month.
With the market capitalization of Fortis Inc currently standing at about $23.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07. The company’s Forward Dividend Ratio is 1.74, with its dividend yield at 3.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FTS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.74, with the price of FTS currently trading nearly -0.24% and -1.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.03, while the 7-day volatility ratio is showing 1.15% which for the 30-day chart, stands at 1.17%. Furthermore, Fortis Inc (FTS)’s beta value is 0.43.
A comparison of Fortis Inc (FTS) with its peers suggests the former has fared considerably weaker in the market. FTS showed an intraday change of 0.08% in last session, and over the past year, it grew by 13.57%%.
Data on historical trading for Fortis Inc (NYSE:FTS) indicates that the trading volumes over the past 10 days have averaged 0.51 and over the past 3 months, they’ve averaged 548.48K. According to company’s latest data on outstanding shares, there are 501.60 million shares outstanding.
Nearly 0.12% of Fortis Inc’s shares belong to company insiders and institutional investors own 56.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.39 million shares as on 2025-06-13, resulting in a short ratio of 15.46. The stock has risen by 20.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FTS stock heading into the next quarter.
