TSE:FTS

Fortis Inc. (FTS.TO)

80.99
+2.34 (2.98%)
as of Oct 22, 2026, 8:00:00 pm Market Closed.
1463 watching
0
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.
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.
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