TSE:FTS

Fortis Inc. (FTS.TO)

78.67
+0.86 (1.11%)
as of Jun 10, 2026, 4:32:00 pm Market Open.
1463 watching
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Investor Insights
star iconJun 10, 2026, 12:00 am

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

Fortis Inc. (FTS-T) is recognized as one of the largest regulated gas and electric utilities in North America, with a solid reputation for reliability and long-term income generation. The company's Q4 earnings surpassed expectations by approximately 6%, with a notable year-on-year revenue increase of 11%. Fortis is embarking on an ambitious $26 billion capital plan through 2029, aiming for a compounding growth rate base of 6.5%. Its dividend yield of around 3.5% has consistently seen annual growth, making it a credible option for income-focused investors. However, some experts view it more as a bond proxy with limited growth potential, favoring alternative investments with better diversification or growth prospects.

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Consensus
Hold
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Valuation
Fair Value
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BIP.UN
PAST TOP PICK
(A Top Pick Aug 09/18, Up 33%) When he recommended it, there was volatility. You get a dividend, but also growth. Interest rates moving down, the REITs and utilities have performed well. Doesn't own it anymore since the stock grew so well. Good for income investors.
HOLD
He would call this a hold right here. He does not own it. Along with capital growth, he expects an annual return over 7%. A safe company. Yield 3.5%
TOP PICK
A boring stock. Has raised its dividend 46 years in a row, plus the stock has gone up. A steady eddy. It won't miss a beat in a recession. It's the opposite of volatile and steady eddy. (Analysts’ price target is $54.17)
PAST TOP PICK
(A Top Pick Jul 16/18, Up 26%) Diversified across several regulatory fronts in the US in power generation and origination. Well financed. Well valued. He continues to hold it. Yield 3.5%.
HOLD
The chart looks great and has had a good run since start-2018. Don't sell it. If you trade, sell half.
BUY
It trades at a discount to US peers. Returns in Canada are lower than in the US. They have 40 years of consecutive dividend growth.
HOLD
He does not own this as there are only so many he can hold. This is a growth utility that has executed well on its strategy. A good stock to own. Yield 3.4%.
SELL
It is well above the 200-day moving average. It is going to correct. If you want to collect the dividend is OK but if you are a growth investor you should sell.
PAST TOP PICK
(A Top Pick Jun 08/18, Up 31%) A boring utility company, but the change in interest rates allowed this to soar. A very defensive holding with a stable cash flow stream. The company has projects in place and interests in the US. Cash flow is projected to grow for the next 5 years. Yield 3.5%
PAST TOP PICK
(A Top Pick Mar 22/19, Up 5%) Been on an uptrend since January. It's making a new high. Buy it--it'll keep making new highs, but if interest rates rise, you don't want to own utilities.
PARTIAL SELL
It had a nice run on lower interest rates and the safe haven status. It is probably a better time to take some profits than to buy in. But don't get rid of all your utilities. This is a good time to take some money off the table.
PAST TOP PICK
(A Top Pick Jun 06/18, Up 31%) Has pulled back profits, based on valuation vs. where he thinks rates will be in the next 6-8 months. Benefits from lower interest rates.
BUY
Top choice for a utility stock in Canada. Skilled at making acquisitions. Longest run, with Canadian Utilities, of raising dividends for over 40 consecutive years. Safe and steady, though upside may not be as high as some others. As long as you're prepared to hold for the long term. Yield is 3.6%.
BUY
Emera vs Fortis Utilities have done quite well after a weak 2018. These are not sexy growth stories, but they will let you sleep at night and pay a good, rising dividend.
COMMENT
Utilities are a good place to be in the late cycle. But Fortis is expensive here.
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