How to Buy Fortis Stock
Fortis Inc
Fortis is a regulated electric utility company located in Newfoundland, Canada, which is part of the Utilities sector, and is traded under the ticker FTS on the NYSE exchange.
Fortis stock last closed at $37.54, down 0.21% from the previous day, and has decreased 15.49% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.02 percentage points. Fortis stock is currently +3.42% from its 52-week low of $36.30, and -18.89% from its 52-week high of $46.28.
There are currently 490.59M shares of FTS outstanding. The market cap of FTS is $18.42B. In the past 24 hours, 514,636 FTS shares were traded.
How to Buy Fortis Stock
Not sure how to invest in Fortis stock? Here's how.
- Choose where to buy Fortis stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you decide where to buy Fortis stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Choose your payment method and add your info.
- Evaluate Fortis stock: The Fortis ticker symbol is FTS. Is Fortis stock a good investment? Should you buy shares of FTS? How do FTS's underlying business fundamentals look? Do top analysts think Fortis is a good buy? Why has FTS's stock price moved recently? (Hint: Our stock market analysis website can help you decide if FTS is a good stock to buy).
- Make your FTS buy order: Decide if you will purchase FTS shares at the current market price or use a limit order to purchase FTS shares at a specific price.
- Get updates on your FTS position: Create a watchlist to important notifications about your investment in Fortis stock.
Step 1: Choose where to buy Fortis stock
You need an online brokerage account in order to access the NYSE market and buy FTS stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal info so you can buy FTS today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new trading account.
- Send your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on our top ranked stock app, you need to deposit funds:
Check out the tutorial below for more details transferring funds into your investment account.
Step 4: Evaluate Fortis stock
After you have identified the best place to buy Fortis stock, it's crucial to analyze their stock prior to investing, so you actually wrap your head around the risk as well as the upside.
Fortis stock quick numbers
FTS Overview
WallStreetZen was created to help average investors perform better fundamental analysis quickly.
You can view all of the due diligence checks on FTS's stock page.
Is FTS stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge FTS's fair value.
Using relative valuations metrics:
- FTS may be overvalued based on its P/E ratio of 16.23x, relative to Utilities - Regulated Electric industry P/E ratio of 15.8x
- FTS may be undervalued based on its P/B ratio of 1.15x, relative to Utilities - Regulated Electric industry P/B ratio of 1.57x
- FTS may be overvalued based on its PEG ratio of 6.31x
You can access additional valuation research on FTS's stock here.
How do FTS Financials look?
Positive Health Checks:
- FTS has cash burn of 304477611. It has enough cash and short-term investments to cover this for at least one year.
- FTS has $466.42M in cash and short term investments. This is sufficient to cover its annual cash burn of $304.48M.
- Total FTS debt is lower than 5 years ago, relative to shareholder equity.
- FTS profit margin has gone up from 12% to 13.1% in the past year.
Negative Health Checks:
- There are more short-term liabilities than short-term assets on the FTS balance sheet.
- There are more long-term liabilities than short-term assets on the FTS balance sheet.
- FTS has a relatively high debt to equity ratio of 1.98.
You can dig deeper into what analysts are projecting on the Fortis stock forecast page.
FTS Technical Indicators
FTS Performance Metrics
Last year, FTS earnings were $1.12B. During the last five year, FTS's earnings have grown by 3.97% per year. This was faster than the Utilities - Regulated Electric industry average of 2.57%.
Last year, FTS revenue was $8.59B. Over the past 5 year, FTS's revenue has increased by 6.86% per year. This was faster than the Utilities - Regulated Electric industry average of 4.03%.
Dig into FTS's earnings and revenue performance here.
What are FTS executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at FTS have not bought or sold any shares.
Dig into more about who owns FTS stock here.
Can I get consistent income from FTS stock?
Fortis pays a dividend of 4.53%, compared to the Utilities - Regulated Electric industry's average dividend yield of 4.09%. If you owned $1,000 worth of FTS stock, you would have received $45.31 in the past 12 months.
Fortis dividend payments have consistently grown over the past 8 years and have remained stable.
Find more info about Fortis dividend yield and history here.
What do other traders have to say about FTS?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your FTS buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price limit, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your FTS position
Now that you own some FTS stock, you'll want to keep up with your investment.
Create a watchlist to see the latest developments about your FTS stock.
FTS Feed
How to Buy Stock in Fortis
To summarize, here are the 6 steps you need to take to buy Fortis stock right now:
- Choose where to buy Fortis stock
- Open a brokerage account
- Put funds into your investment account
- Evaluate Fortis stock
- Make your FTS buy order
- Get updates on your FTS position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Fortis, add FTS to your watchlist below.
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