
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.
Sell 25% of his telecoms and utilities like Fortis, and buy REITs? It's a good plan to diversify. Summit REIT is good. The utilities like Emera, Fortis and NPI-T are great stocks to own now--they're regulated, earnings growth backed in and the multiples are reasonable. They still have upside, and so do the REITs.