TSE:FTS

Fortis Inc. (FTS.TO)

75.30
-0.48 (0.63%)
as of Sep 21, 2026, 8:00:00 pm Market Open.
1460 watching
0
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.

PAST TOP PICK
(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.
PAST TOP PICK
(A Top Pick Mar 22/19, Up 13%) He still holds it but is starting to evaluate whether he should pair back.
BUY ON WEAKNESS
He has done extremely well on it over the last number of years. In the last quarter they were behind expectations but it is just weather related. They are diversified. They have positioned themselves so a lot of operations are in the US now. He thinks he will see future dividend increases coming out of this company. Take a long term view.
PARTIAL SELL
It's done very well this year. But as an interest-sensitive stock, they've all fed off a massive decline of bond yields. He will sell a bit of this. The dividend isn't high enough for him.
COMMENT

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.

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%.
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