Viewing Company Fortis Inc. | StockChase
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Compiling comments that experts make about stocks while on public TV.

Fortis Inc. Stock Symbol: FTS-T

Last Price Recorded: $42.7300 on 2017-02-24

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Date Signal Expert Opinion Price
2017-02-24 HOLD Andrey Omelchak

For a child’s RESP? For an RESP, it is a one-time investment and this is a stable company and will deliver fine dividends over the longer-term. However, he believes there are other investments that can grow at a faster pace. The dividend yield is sustainable. A little more indebted than he would like to see. Dividend yield of 3.74%.


Price:
$42.730
Subject:
CANADIAN & HEDGING
Bias:
UNKNOWN
Owned:
Unknown
2017-02-21 TOP PICK Robert McWhirter

A diversified international distribution utility holding company. 25% dividend payout ratio. Reported a 15% earnings surprise on Feb 16. Sales are up 11% year-over-year, and the growth margin grew 7% year-over-year. Free cash flow was up 44% and ROE is 8%. 3.7% dividend yield. (Analysts’ price target is $48.55.)


Price:
$43.180
Subject:
CANADIAN DIVIDEND & GROWTH
Bias:
BULLISH on OIL
Owned:
Yes
2017-02-17 TOP PICK Christine Poole

She likes it for the income, growth and the defensive nature of the business.  They just bought ITC corp. which is out of the US and expands their presence there.  ITC is a regulated electric utility.  Over 60% of FTS-T’s earnings are going to be coming from the US now.  They have good visibility post- the acquisition to grow their dividend 6% per year until 2021.  It has lagged the market, so all in, you should get 12% on this name. (Analysts’ target: $48.55).


Price:
$43.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-16 BUY on WEAKNESS David Baskin

He does not know what the price will be a year from now, but they WILL raise their dividend.  The dividend is tax preferred. (Analysts’ target: $48.09).


Price:
$42.910
Subject:
NORTH AMERICAN - LARGE
Bias:
SELECTIVE
Owned:
Unknown
2017-02-14 PAST TOP PICK Ryan Bushell

(A Top Pick Feb 29/16. Up 16.27%.) The 46th-47th year they’ve increased their dividend. A company he plans to own forever. It doesn’t get much more sustainable than gas/electric distribution, and they are one of the best in North America.


Price:
$42.010
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
Yes
2017-02-10 COMMENT Norman Levine

A growth utility, and has been growing in the US quite successfully. Has also been growing its dividend consistently. The negative side is that should interest rates move up a lot, people will move over to bonds for the same rate, and not have to worry if the company is going to do well or not. In the meantime, this company keeps growing its dividend and growing its profits. As part of your portfolio, you should own stocks like this. It is a defensive stock, and you want a mix in your portfolio.


Price:
$42.510
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Unknown
2017-02-03 WAIT David Cockfield

Has taken some profits out of this area until he sees exactly where interest rates are going. If buying for yield, the yield is okay, but there are other places with higher yields that have just as good growth prospects. He likes their philosophy of accretive acquisitions. Expects you will be able to buy this in 6-12 months at a lower price.


Price:
$41.890
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-02-01 TOP PICK Michael Sprung

A company that has made a few major acquisitions, but very successfully. When they made their first large acquisition in Texas, the Texans didn’t think they were going to be as successful as they have been. In the last year, they just closed the acquisition of ITC, a transmission company. This is a company that is well diversified, not only in its own industries, but across regulatory regimes, with a big solid footprint in the US. Dividend yield of 3.86%. (Analysts’ price target is $48.30.)


Price:
$41.470
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-06 COMMENT Matt Kacur

A great company. As a Canadian, if you have a normal portfolio, you are going to have some utilities, and this could definitely be one of them. His calculation of the cash payout ratio comes out to only 30%, which is actually low. From that perspective, they can continue their dividend. He would like to see their working capital position get a little stronger.


Price:
$41.220
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2017-01-03 PARTIAL SELL Elliot Fishman

This looks like it has plateaued. He wouldn’t add new positions, but if he owned, he would take some off the table.


Price:
$41.150
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2016-12-21 COMMENT Rick Stuchberry

His only concern is if there is enough growth and dividend to chin the bar. The sector has been sideways. If rates start to rise, some of these companies have a lot of debt, which means the cost of carry when it rolls over is going to be higher.


Price:
$40.680
Subject:
CANADIAN LARGE & iNTERNATIONAL ADR's
Bias:
UNKNOWN
Owned:
No
2016-12-20 BUY on WEAKNESS Barry Schwartz

Interest rates may already be priced into this. We know that at some time rates are going to go up and make utilities and REITs less attractive. At the end of the day however, this has a lot of growth projects in the hopper. Also, don’t forget, this is a regulated utility. As bond rates rise, they are allowed to go back to the regulated board and ask for higher returns on capital, which means they can increase their pricing. Feels the best years are behind this company, but you probably can still earn an outsized return owning this, versus a bond, cash or preferred shares. He would definitely hold this or buy on dips.


Price:
$40.600
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-19 BUY Peter Brieger

He likes it and would buy it here.  They did some interesting acquisitions.  93% of it is a regulated utility.  He thinks they will expand into the US.  They will do well unless interest rates rise a lot.


Price:
$40.920
Subject:
NORTH AMERICAN - LARGE
Bias:
BULL
Owned:
Yes
2016-12-09 HOLD Greg Newman

A great name. It has very visible growth at 8% between now and 2018. Has big US exposure. There is an LNG project which is probably going to go ahead in Squamish BC, that they are going to benefit from. Nice dividend. 56% payout ratio. Trading below its five-year average, pretty cheap relative to its peers at around 18 times. However, this is a yield proxy, and rising bond yields are going to hurt it a little. However, it is trading low enough and its growth is good enough that you could just hold onto this and look to accumulate on weakness.


Price:
$40.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-01 BUY on WEAKNESS Ross Healy

If you have some patience, and are not rushing to buy this, perhaps you could wait. At $44, the stock came hard against some pretty impressive technical resistance, and backed off about 10%. He would like it to come back another 10%.


Price:
$40.190
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
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