
TSE:FTS
This summary was created by AI, based on 13 opinions in the last 12 months.
Fortis Inc. (FTS-T) is widely viewed as a reliable utility stock, characterized by a long history of consistent dividend growth at a modest rate of around 3.3% annually. However, the prospects for significant capital appreciation seem limited, with most analysts expecting total returns to be in the range of 5-12% over the long term. While the stock is praised for its stability and minimal risk, some experts caution that it may not deliver high returns compared to more aggressive investments, especially in a changing market environment. A few analysts highlight the current valuation concerns, suggesting a wait for a potential pullback to lower price levels before entering. Overall, experts agree on its merits as a core holding for income-focused investors, particularly those looking for defense against market volatility.