Fortis Inc. (NYSE:FTS) traded today at a new 52-week high of $45.62. Approximately 117,000 shares have changed hands today, as compared to an average 30-day volume of 353,000 shares.
Fortis owns and operates utility transmission and distribution assets in Canada and the United States, serving more than 2.5 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 26 gigawatts.
In the past 52 weeks, shares of Fortis Inc. have traded between a low of $35.53 and a high of $45.62 and is now at $45.46, which is 28% above that low price.
Based on a current price of $45.46, Fortis Inc. is currently 5.8% above its average consensus analyst price target of $42.84.
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