WallStreetZenWallStreetZen

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 $39.95, up 0% from the previous day, and has decreased 6.46% in one year. It has underperformed other stocks in the Utilities - Regulated Electric industry by 0.04 percentage points. Fortis stock is currently +10.06% from its 52-week low of $36.30, and -8.87% from its 52-week high of $43.84.

There are currently 490.59M shares of FTS outstanding. The market cap of FTS is $19.60B. In the past 24 hours, 414,348 FTS shares were traded.

How to Buy Fortis Stock

Not sure how to invest in Fortis stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Choose your payment method and add your info.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best place to buy stocks. eToro gives you:

  • You can invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to global markets: From Tech to Utilities, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
  • Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your stock purchase by signing up for an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 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

  1. 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.
  2. Enter your personal info to start your new trading account.
  1. Send your information by clicking the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$39.95
1w %
2.1%
1y %
-6.46%
5y %
-0.03%
P/E
17.61x
P/B
1.22x
P/S
2.39x
PEG
6.8x
Revenue
$8.20B
Earnings
$1.11B
Fore. Rev. Growth
2.92%
Fore. Earn. Growth
2.88%
Market Cap
$19.60B
Next Earnings
Jul 31, 2024
Next Dividend
N/A

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 undervalued based on its P/E ratio of 17.61x, relative to Utilities - Regulated Electric industry P/E ratio of 18.42x
  • FTS may be undervalued based on its P/B ratio of 1.22x, relative to Utilities - Regulated Electric industry P/B ratio of 1.71x
  • FTS may be overvalued based on its PEG ratio of 6.8x

You can access additional valuation research on FTS's stock here.

How do FTS Financials look?

Positive Health Checks:

  • FTS has $412.32M in cash and short term investments. This is enough to cover its annual cash burn of $534.78M.
  • FTS profit margin has gone up from 12.3% to 13.5% in the past year.
  • Total FTS debt is lower than 5 years ago, relative to shareholder equity.

Negative Health Checks:

  • FTS has cash burn of 534782608. It does not have sufficient cash and short-term investments to cover this.
  • 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 1.97.
  • There are more short-term liabilities than short-term assets on the FTS balance sheet.

You can dig deeper into what analysts are projecting on the Fortis stock forecast page.

FTS Technical Indicators

SMA10
39.27
SMA20
39.08
SMA50
39.74
SMA100
39.41
SMA200
39.8
MACD
0.04
MACD Signal
-0.12
MACD Histogram
0.16
RSI
58.77
Stochastic %K
86.65
Stochastic %D
86.87
StochRSI %K
100
StochRSI %D
100

FTS Performance Metrics

Last year, FTS earnings were $1.11B. During the last five year, FTS's earnings have grown by 3.72% per year. This was slower than the Utilities - Regulated Electric industry average of 15.68%.

Last year, FTS revenue was $8.20B. Over the past 5 year, FTS's revenue has increased by 5.1% per year. This was faster than the Utilities - Regulated Electric industry average of 4.1%.

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 4.69%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.51%. If you owned $1,000 worth of FTS stock, you would have received $46.90 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:

Open eToro Account

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:

  1. Choose where to buy Fortis stock
  2. Open a brokerage account
  3. Put funds into your investment account
  4. Evaluate Fortis stock
  5. Make your FTS buy order
  6. Get updates on your FTS position

If you require a brokerage, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep an eye on your investment in Fortis, add FTS to your watchlist below.

NYSE: FTS
$39.95+0.00 (+0%)
Updated Jul 12, 2024
Open eToro Account
NYSE: FTS
$39.95+0.00 (+0%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Fortis share?

As of Jul 12, 2024, it costs $39.95 to buy one share of Fortis stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.25 shares of FTS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Fortis stock?

One way to place an order for Fortis stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.