Stock Price & Analysis

Based on the provided data and recent market activity, here's a concise analysis for FTS stock:

Technical Analysis

The stock is currently trading at $43.77, showing a positive momentum with a +0.57% gain in regular trading hours. The RSI-14 at 61.07 indicates moderately bullish momentum without being overbought. The MACD at 0.32 suggests a positive trend continuation.

Dividend Opportunity According to recent data, FTS will go ex-dividend on February 18, 2025, with a dividend payment of $0.615/share scheduled for March 1, 2025. Historical data shows the stock has demonstrated positive "Dividend Run" behavior, with price appreciation before ex-dividend dates in 3 out of 4 recent instances.

Recent Performance & Outlook The stock has shown resilience with strong regulated utility operations, with about 99% of assets being regulated. Management has committed to a 4-6% annual dividend growth through 2029, supported by a $26 billion capital investment plan for infrastructure improvements.

Buy/Sell Recommendation SELL recommendation at current levels based on:

1. Price is approaching resistance levels near $44.20 (Fibonacci R2)
2. Current price is trading above its 20-day SMA of $42.29
3. While dividend yield is attractive at 5.77%, the upcoming ex-dividend date may create short-term selling pressure
4. Technical indicators suggest the stock is slightly overbought in the near term

Recommended to wait for a pullback to the $41.70-$42.65 range (Fibonacci S1 to Pivot) for better entry points.

Based on the provided data and market analysis, here's the price prediction for FTS stock in 2025:

Fortis (FTS) stock is expected to reach $45.15 by mid-2025, representing a potential upside of around 3.2% from the current price of $43.77, driven by its strong regulated utility business model and consistent dividend growth plans. The company's commitment to 4-6% annual dividend growth through 2029 and its $26 billion infrastructure investment plan support this positive outlook. Technical analysis shows strong support at $41.70 with resistance at $44.20, suggesting a bullish trend within this range.

The stock's RSI of 61.07 indicates moderate bullish momentum without being overbought, while the positive MACD of 0.32 confirms the upward trend potential.

The S1 support level for FTS Stock is $41.71 ,The R1 resistant level for FTS Stock is $43.75.

As of the end of day on 2025-02-11, the price of FTS Stock was $43.95.

The target price for FTS Stock according to analyst rating is 43.88, with the highest price target at 45.28 and the lowest at 41.10. Analysts have a Hold rating on FTS Stock overall.

The market cap of FTS is $21.9B.

Based on the provided data and current valuation metrics, here's a concise analysis of whether FTS is overvalued:

Valuation Analysis The stock shows elevated valuation metrics in Q3 2024 compared to earlier quarters, with:

• P/E ratio of 19.04 (up from 17.13 in Q1)
• EV/EBITDA of 12.81 (up from 12.21 in Q1)
• P/S ratio of 2.65 (up from 2.31 in Q1)
• P/B ratio of 1.46 (up from 1.29 in Q1)

Market Performance The stock has shown positive momentum recently, with a notable pre-market gain of over 9%. This recent price movement suggests strong market interest.

Dividend Strength The stock offers a solid dividend yield of 3.01%, demonstrating consistent dividend growth as a newly crowned Dividend King in 2024. Management targets 4-6% annual dividend growth through 2029.

Business Model Stability About 99% of Fortis' assets represent regulated operations, providing stable cash flows and predictable returns, which partially justifies the premium valuation.

Final Assessment FTS appears moderately overvalued at current levels based on its historical valuation metrics and recent price appreciation, despite its strong dividend profile and stable business model.

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc., and CH Energy Group, Inc., which includes Central Hudson Gas & Electric Corporation. Its regulated utility businesses also include FortisBC Energy Inc.; FortisAlberta Inc.; FortisBC Inc., and Eastern Canadian and Caribbean utilities: Newfoundland Power Inc.; Maritime Electric Company, Limited; FortisOntario Inc.; FortisTCI Limited and Turks and Caicos Utilities Limited, and Belize Electricity Limited. ITC Holdings Corp. is the independent electricity transmission company.

Based on the provided data and context, here's the analysis for FTS stock price prediction for 2030:

Technical Analysis and Price Trends

Price Projection Analysis

Fortis Inc. (FTS) is currently trading at $43.77 as of February 10, 2025. Based on the company's regulated utility business model and consistent dividend growth history, the stock is expected to reach approximately $58-62 by 2030, representing a potential 32-42% increase over five years.

The projection is supported by Fortis's capital investment plan of $26 billion through 2029 for infrastructure improvements, which should drive steady earnings growth and support continued dividend increases of 4-6% annually through 2029.

FTS has a total of 9598 employees.