Fortis Inc. (FTS.TO)

(Market Call Minute.) This company has raised its dividend every year for 52 years. They made a great big acquisition in the US that looks good. You have to like this in the utility space.

A utility with operations across Canada. Natural gas in BC and electrical in other provinces. Expanded into the US couple of years ago. They’ve been trying to purchase ITC Holdings in the US which has electrical transmission lines. This company has an outstanding record of paying and growing their dividends.

He thinks they did not overpay for ITC. He sees it creating value for the name. He increased his earnings per share estimates as a result of the acquisition. It is lower risk because it is a regulated utility.

This is attractive, but a bit expensive. Really well-managed. Would like to see it in the $36 range.

(Market Call Minute) He thinks it is a long term Canadian winner.

This is an income stock with a steady dividend with about 43 years on dividend growth. Doesn’t think that is about to stop. Low beta and high-yield.

You would not want to take money off the table until we see rising interest rates.

(Market Call Minute.) Likes their strategy and thinks they will do well in the US.

(Market Call Minute.) Very good Cdn$ tailwinds from their US operations, and have been running the business very well.

A good way for investors to get pretty stable dividends into their portfolio. It is going to be a defensive name, which is something you probably want to own in this market, given the volatility. They are making a US acquisition which will effectively increase the growth in the rate base from 5% to 7.5% in 2020. Dividend yield of 3.71%.

This is one he has not bought, because he thinks he gets a lot better return on some others. Also, the yield is kind of low. His company has this as a sector outperform with a $46 target.

Has 40 years of dividend growth. An exciting company all of a sudden with their acquisition in Arizona. A regulated utility with very little exposure to Alberta. Valuation is not the cheapest.

We operate in a world where interest rates are at thousand-year lows. There are a lot of investors who are looking for some kind of security in return, and this company has had a great history of raising its dividend and regularly. A lot of people are buying utility companies for yields. This company is a great way to do that. You could also look at Emera (EMA-T).

Too expensive. Pipelines have had a nice correction; utilities are still overpriced. His model price is $31. He would like to see this back to at least $32.50 before he got interested.

Just acquired a transmission company. The stock then got set back to where it had been. It is cheap and has decent upside potential.