TSE:FTS

Fortis Inc. (FTS.TO)

78.42
+0.30 (0.38%)
as of Aug 12, 2026, 5:16:33 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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
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.
DON'T BUY
$37.56 is his target price. He'd buy it at $39, $10 below the current price. We might see that. Not a fan of this.
BUY
Likes both, but gives the edge to AQN. AQN will continue to outperformer Fortis, but both are well-run and can deliver higher returns.
COMMENT
He bought it last October and has been pleased with it. The competitive dividend grows 6% yearly. It's an extremely low-risk business because most of the revenue comes from regulated utility rates, thus protected from market ups and downs. They grow by acquisition and is now one of North America's largest utilities. He may sell (part of) it on valuation if the shares run by dramatically but unlikely with a utility.
HOLD
Problem is, Fortis has shot up in price, like all dividend stocks. It's been raising its dividend for 40 years. He'd rather buy Keyera or Pembina which offers more growth. But definitely hold FTS if you own it.
PAST TOP PICK
(A Top Pick Aug 09/18, Up 19%) At the time, the sector was undervalued, so this and others like AQN-T have since really moved up. It was a way to get income, but he also saw growth in FTS. He recently sold it after it reached his price target. Their growth outlook stretches several years and it pays a fine dividend. Growth will continue in this space.
TOP PICK
Late cycle you want to own utilities and defensive names. Looks fantastic on a chart, just picked it up. Nice breakout to new highs. A high usually produces new highs eventually. Could also look at XLU or TransAlta. Nice little dividend, tidy company. Good, reasonable hold for quite a while. Yield is 3.61%. (Analysts’ price target is $50.53)
BUY ON WEAKNESS
Which utility to buy? Utilities have recently done well with a rotation to safety (like telcos). He likes Fortis, but it's trading at a 52-week high, so wait for a pullback, unless you have a 10-year horizon.
PAST TOP PICK
(A Top Pick Mar 07/18, Up 20%) A core holding for him. They pay a good dividend. They've bought good assets in the States. They're geographically diversified, so are no longer 100% Canadian, but 50/50 with America. Good balance sheet. They raise dividends 6-7% annually.
TOP PICK
Solid and diversified. A good dividend grower at 7% annually. They have $17 billion of capex over the next three years. Growth rate of 7%. (Analysts’ price target is $49.48)
BUY
One of his favorite holdings. It has increased the dividend for over 40 consecutive years. You want to own this forever.
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