
TSE:FTS
This summary was created by AI, based on 13 opinions in the last 12 months.
Fortis Inc. (FTS-T) has garnered a variety of opinions from experts, predominantly viewing it as a solid utility investment with a dependable dividend yield of around 3.3%. Despite its consistent history of dividend increases, projected growth remains modest at approximately 5% annually. Many analysts appreciate the company's stability and position in the utility sector, especially amidst the increasing demand due to data center expansions. However, there are concerns about its current valuation, with some suggesting waiting for a better entry point around the low $70s. Overall, Fortis is considered a reliable choice for investors seeking steady income and reduced volatility, though it may not deliver significant capital gains comparable to growth stocks.
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.