TSE:FTS

Fortis Inc. (FTS.TO)

78.38
+0.26 (0.33%)
as of Aug 12, 2026, 5:07:01 pm Market Open.
1461 watching
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Investor Insights
star iconAug 12, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Fortis Inc. (FTS-T) is primarily regarded as a solid income stock, appealing for its reliable dividend yield and potential for free cash flow growth through 2030. Experts highlight the company's long history of increasing dividends, with reviews indicating a robust capital spending plan that supports future growth. Despite being a core holding for many, opinions vary on its current valuation, with some suggesting it may be overpriced at 18x PE relative to its growth potential of 5-7%. Analysts acknowledge the company's strong position within the utility sector, especially in regions benefitting from data center developments, although some express caution around buying at current prices, recommending to wait for more favorable entry points. Overall, it is viewed as a low-risk investment suitable for long-term holders, providing stable returns in fluctuating market conditions.

consensus icon
Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
COMMENT
Utilities? He has owned a lot of AQN and FTS -- they have done well with interest rates going down. As long as government money is flowing, the lights will all stay on. He might wait to buy AQN in the $18 range.
TOP PICK
It's held up relatively well. They have a $19 billion plan to build in coming years. He expects 5-7% earnings growth through 2024. A safety utility play in this environment. (Analysts’ price target is $58.98)
PARTIAL BUY
200 day moving average? It has been a great performer and has benefited from lower interest rates. With interest rates looking to go lower, if you don't own it already this is a high quality utility to own. It is still a little expensive and he will be buying if it takes another flush lower.
PAST TOP PICK
(A Top Pick Mar 13/19, Up 24%) Great company, core holding. Continues to do well. Yield of 3% plus, growing at 5-6% a year. Hold forever. Valuations are high, so probably won't be acquiring anything soon.
COMMENT
A company that has done quite well over the years. It's a takeover strategy that has done some good acquisitions. Looking at actual returns, the purchases are looking expensive. He would go with the ETF for the yield rather than the stock. Yield 3%.
PARTIAL SELL

All infrastructure stocks have long-life assets. FTS has grown its dividend. Emera is slightly cheaper, but you don't need to switch over. One of his top picks will outperform Fortis. Expect just a little growth from Fortis this year. Take some profits at current all-time highs.

DON'T BUY
It's probably topped out by getting up to its fair market value so there's not much place to go. He is using the opportunity to switch into things that are more promising.
BUY

How Many Stocks does he Recommend Holding in the Utility Sector. Stocks in isolation miss the point. It depends on what utilities you are buying. He has almost a 20% weighting in utilities. He has FTS-T with huge diversification, yet has NPI-T which is a power producer around the world as well as domestic, although mostly off-shore wind. He owns 4 or 5 stocks.

TOP PICK
The company has said it will increase the dividend annually by 6% until 2024. A regulated, stable business with steady cash flows that will supprot the dividend growth. Yield 3.6% (Analysts’ price target is $55.73)
DON'T BUY
Looks to be rolling over. He wouldn’t be looking at utility stocks right now. There was an upward trend line that broke. If interest rates go up, fortis won’t do well. He would wait a couple more months before even looking to ré-entre.
TOP PICK
Well-diversified across North America. $13 billion capital program will sustain a 6-7% growth rate and the dividend. Utilities are a good place to be in a cautious environment. The stock price is still good. They will focus on organic growth and their existing assets. (Analysts’ price target is $55.73)
BUY
He thinks AQN-T will probably be a hold better. He lightened up on FTS-T. He may still lighten up on the FTS-T position further. AQN-T has some other drivers to it. He thinks it will test its new high. You could buy it here today.
TOP PICK
Has long owned this. It's pulled back given this rotation out of defensive names lately. It pays a 3.7% yield. Cash flow is stable due to revenues coming from regulated assets. They're focused on organic growth, with a backlog of projects all regulated. They will grow their dividend 6% annually through 2024. (Analysts’ price target is $56.29)
BUY
Steady eddy, good dividend. Great company, very well managed, high quality dividend. Standalone utility. Good value, but an income generating tool. If you want a bit more growth, there are other names, but they aren't pure utilities.
BUY

Fortis just came out with good earnings. It is expensive at 19x. Algonquin is growing earnings per share at 15% with a lower multiple. He prefers AQN.

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