
TSE:EMA
(A Top Pick Oct 15/19, Up 3%) Similar to FTS. Moving to a larger renewable, regulated base. Steady revenue and dividend growth. Will see steady multiple expansion.
Utilities have bounced, but as the market has rallied significantly, a lot of these names have underperformed and that's a good time to buy. Likes it, as well as Fortis, Attco, and BIP.UN. You could buy 3 or 4 and build yourself a little defensive portfolio with income and potential growth. Still upside, good core holdings, won't get you into too much trouble.
EMA vs. FTS Emera reported pretty good numbers. Both have foreign exposure. Both have growth to them and over 4% yield. Operating risk, but not political risk per se. Both are fine holds.
EMA vs. FTS Utility stocks are safe to own in times of fear. Fortis is one of the best managed utilities in Canada, with Emera right behind it. He wouldn't sell if you're holding for income. They'll gradually get back some of the money lost as time goes on.