Fortis Inc. (FTS.TO)

It probably came down too much. They have dividend and earnings growth. You can get total return in the 10 to 20% range over a year. (Analysts’ target: $47.36).

(A Top Pick Oct 5/17, Down 4%) It is a cheap utility stock. They are all down, expecting interest rates to go up. This is now in the past so the stocks are cheap, upside potentials are good and maybe interest rates won't go up all that much.

He likes it because it's boring. This is the time to be cautious (boring). Bond proxies have been hit this year with rising rates, but he doesn't see interest rates rising much going forward. Fortis has good growth prospects A good time to hang out here and earn a dividend. (Analysts price target: $47.60)

He likes that they've diversified heavily in the U.S. over the last few years in energy transmission and production. Given current trade disputes, this is important. Pays a 4% yield. (Analysts' price target: $47.60)

He does not own any utilities at the moment since they saw the increase in interest rates coming. Now, he thinks interest rates will plateau soon. This is a well- managed company. The technical outlook is demonstrating higher lows, so he thinks this is setting up well for a buy soon. The risk-reward is looking favourable. He sees support at $39.50 and a break above $43.80 would be a signal that $48 could be coming.

Utility company mostly in the electrical distribution field. Solid name. Should be a core holding in your income portfolio. Short term there is nothing exciting about the name.

The stock has pulled back because of interest rate concerns but its yield is still twice that of 10-year Canadian government bonds. In addition, she expects some growth and holds the stock in both her growth and her income portfolios. She expects the dividend to grow by 6% per year for the next few years. This will buffer the effect of rising interest rates.

The sector in the US and Canada, has been soft. They usually pay dividends. Late 2017 most of these stocks broke down a bit on interest rates fears. It is not a bad thing if it consolidates. Give it the benefit of the doubt if you own it as long as it stays above the old low. If it breaks out you might want to buy more.

For the long term, this company will do well. It has increased its dividend for decades. He does not believe long term interest rates will rise much above 3%, so feels the recent headwinds are almost all played out. He anticipates this will be a good holding when a recession returns and interest rates are once again dropped to stimulate the economy. He would like to buy them at a slightly lower price.

FORTIS vs. ALGONQUIN: He owns only AQN and prefers it for its recent US purchase. Fortis isn't bad and the companies are similar. Maybe buy a little of each.

An income stock. Price is down only because of general distaste for interest sensitive stocks. Earnings are fine. Yield 4.2%. Estimated 6% dividend growth each year till 2021. 50% of its revenue is from the States. Focussing on organic growth, not acquisitions. Dividend growth profile and the yield make it really attractive. (Analysts’ price target is $48.08)

You want a utility with heavy exposure in regulated markets to ensure stablility. This stock has been under pressure, so it's attractive at current levels. Prdiects it'll hit $48 depending on interest rate hikes. (Analysts' price target: $48.08)

All the utility stocks have had a rough go this year. They dropped because of an expectation that interest rates would rise quickly. The stock has not bounced back even though interest rates have not risen as quickly as expected. He likes Fortis’ track record, their record of dividend increases and the strength of their management. A company like this will not double overnight--patience is required. They were one of the first to move into the US so there might be some growth from that. Primarily, though, this is a defensive name that will outperform the market when the market goes down and will generate steady income. If rates rise faster than people currently think, its price will suffer. (Analysts’ price target is $48)

There is a relatively tight $40 by $44 trading range. If it drops below $40.60, he would get out. He sees resistance at $44. Hold it for the dividend. Yield 4.1%.

A regulated utility. The tier 1 of the complex. Likes the way the company is set up. Negative $1.2 billion working capital. (Analysts’ price target is $48)