TSE:FTS

Fortis Inc. (FTS.TO)

76.39
-0.20 (0.26%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
1462 watching
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Investor Insights
star iconSep 1, 2026, 12:00 am

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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
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.
COMMENT
FTS-T vs. Utilities vs. Telecoms. It is an easy choice to Telcos. They are both regulated. Both steady state, stable businesses. BCE-T vs. FTS-T. He is long BCE-T. It is has good valuation here. 16 PE. FTS-T has 13 times. You should do better in Telecoms. T-T is warnings of implications f the Chinese telecom is banned from Canada.
HOLD
There will be either 1 or 2 rate hikes, not 3 or 4. As long as there are no rate surprises, Fortis will be fine. Single digit return.
BUY
AQN vs. Fortis Both are good companies that pay good yields, though AQN has a little more growth while Fortis is steadier. Both have done acquisitions to propel future earnings growth. It's hard to choose one.
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.
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