TSE:FTS

Fortis Inc. (FTS.TO)

82.14
+0.88 (1.08%)
as of Jul 22, 2026, 8:00:00 pm Market Open.
1459 watching
0
Investor Insights
star iconJul 22, 2026, 12:00 am

This summary was created by AI, based on 8 opinions in the last 12 months.

Fortis Inc. (FTS-T) is recognized as a solid utility investment, particularly appealing for income-focused investors due to its reliable dividend, which is projected to grow over the coming years. Analysts highlight the company's core utility operations, underscored by a substantial $26 billion capital plan aimed at increasing its rate base by 6.5% annually through 2029. While Fortis is not perceived as an exciting growth stock, its expected total returns in the range of 8-10% annually make it a durable option in the utility sector. The company is strategically positioned, with a significant portion of its earnings derived from U.S. regions poised for data center expansions. Analysts generally advise patience for potential pullback opportunities before initiating new buys, reflecting a cautious yet favorable outlook for long-term investors.

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Consensus
Hold
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Valuation
Fair Value
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Similar
BIP.UN
BUY ON WEAKNESS
It is a nice safe hiding place in these markets. Utilities are still not cheap, but as rates will not be rising, this will be a good place to park money for the long term. Presumably the dividend will be rising each year. Buy it on a dip.
WEAK BUY
FTS-T vs. CNQ-T. FTS-T is a yielding situation with a big a growth. CNQ-T is one of the best oil and gas companies in Western Canada. They are both viable.
TOP PICK
They have good growth opportunities in BC and Arizona. Over 45 years they have raised their dividend. 16 times earnings. A well managed company. If there is more volatility this is a good place to be. (Analysts’ price target is $48.20)
STRONG BUY

He's long owned this. One of Canada's strongest companies. Great management. They've made acquisitions across Canada and U.S. of companies with good management teams. Nearly 45 years of dividend increases. A superb long-term hold.

BUY
It'll do well in the market he forecasts--a difficult one, and investors will bid up stable companies like Fortis that don't depend on cyclicality. OPne of his biggest holdings.
PAST TOP PICK

(A Top Pick Jan 09/18, Up 6%) Boring utility. Everybody should own any of these. Yield of 4%. She has a target price of $48. Regulated with operations in the US. She thinks they are going to grow their dividend by 6% every year for the next 5 years. Safe, defensive income stock.

BUY
KEY vs. FTS He owns Fortis only, though likes Keyera. KEY is more exposed to the midstream oil/gas side while FTS is exposed to power generation and so will be more stable over time. KEY had to recently do an equity issue because they had too much debt.
TOP PICK
A defensive choice in this market. He's owned this for a long time. A good dividend payer at 4% that'll increase. It's diversified across North America. Good balance and expected growth for five years. A great utility. Solid. (Analysts’ price target is $48.15)
BUY
A recent top pick. He likes it a lot. They have diversified into the U.S. in utilities (transmission and production). An exciting company. Managers have done a great job positioning it as a North American utility.
BUY
Likes this, because 96% of their revenues are regulated--guaranteed. They manage 11 regional electric and nat. gas utilities. Very stable demand. They have big capital expansion projects in Arizona, northern Ontario and elsewhere. A great homegrown story. Very well-managed.
BUY
Spread around US. Latest acquisition was in the US. A bit bumpy, but they've done an excellent job at running the company. Utilities are the place to go for reasonable dividends. With the uncertainties right now, utilities are not a bad buy. The selloff in utilities based on interest rate fears was a knee-jerk overreaction.
BUY
Its price momentum is moving high during a shift to defensive stocks, though lately the market feels that interest rates won't rise as fast as expected. If so, then dividend payers have been overpunished You could own this defensively. A very stable stock. The only knock is it's trading at 13x EBITDA with a lot debt.
BUY
He's been buying more of it. It's a core holding long-term. Defensive stocks will get more expensive at this stage of the cycle. This should continue to outperform.
BUY
He likes it. If you are going to buy a utility, remember that it is interest sensitive. In the last month utilities have outperformed. It is a haven where people hide. FTS-T has a $17 Billion growth plan over 5 years that is well funded. TA-T is the one he owns.
BUY
It was nice to see its recent pick-up. It's doing well in this defensive environment. It will increase its dividend 6-8% in coming years. Pays a yield of over 4%. A good, long-term income stock that'll do well when the market/economy slows.
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