Which Institutions Own Shares In Fortis Inc. (FTS)?

Fortis Inc. (NYSE: FTS) is -5.32% lower on its value in year-to-date trading and has touched a low of $36.30 and a high of $46.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTS stock was last observed hovering at around $39.33 in the last trading session, with the day’s loss setting it -0.39%.

Currently trading at $38.94, the stock is -3.13% and -4.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.99% at the moment leaves the stock -5.59% off its SMA200. FTS registered -4.44% loss for a year compared to 6-month gain of -4.42%. The firm has a 50-day simple moving average (SMA 50) of $3.58 and a 200-day simple moving average (SMA200) of $8.36.

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The stock witnessed a -6.66% loss in the last 1 month and extending the period to 3 months gives it a -4.11%, and is -3.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.60% over the month.

Fortis Inc. (FTS) has around 9200 employees, a market worth around $19.02B and $8.75B in sales. Current P/E ratio is 17.02 and Fwd P/E is 16.52. Profit margin for the company is 12.67%. Distance from 52-week low is 7.27% and -15.86% from its 52-week high. The company has generated returns on investments over the last 12 months (3.05%).

Fortis Inc. quarterly earnings per share for the current quarter are estimated at $0.53 with sales reaching $2.38B over the same period.The EPS is expected to grow by 9.48% this year, but quarterly earnings will post 4.60% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.

531 institutions hold shares in Fortis Inc. (FTS), with institutional investors hold 56.81% of the company’s shares. The shares outstanding are 488.50M, and float is at 487.94M with Short Float at 1.75%. Institutions hold 56.77% of the Float.

The top institutional shareholder in the company is Royal Bank of Canada with over 30.09 million shares valued at $1.3 billion. The investor’s holdings represent 6.16% of the FTS Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 26.31 million shares valued at $1.13 billion to account for 5.39% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 19.07 million shares representing 3.90% and valued at over $821.64 million, while FIL LTD holds 3.43% of the shares totaling 16.76 million with a market value of $722.12 million.

Fortis Inc. (FTS): Who are the competitors?

One of the company’s main competitors (and peers) include Fortis Inc. (FTS) that is trading -6.17% down over the past 12 months.Hawaiian Electric Industries Inc. (HE) lies in the list of competitors of the Fortis Inc. and is -69.18% lower over the same period from FTS