
TSE:FTS
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.
One of these boring stocks as one you get paid while you are waiting. Consistent dividend growth. Over a long period of time it generates strong wealth for the shareholder. No capital gain in the last little while. A safe name, which market wants to own. Natural name for these types of companies over the next 10 years.
Preferred Series J, 4.75%. This is a brand new issue and still hasn’t settled up yet so not trading. It is a perpetual so longer-term. You are out to 2021 before it can be called, which he likes.