TSE:FTS

Fortis Inc. (FTS.TO)

78.77
+0.96 (1.23%)
as of Jun 10, 2026, 8:00:00 pm Market Open.
1462 watching
0
Investor Insights
star iconJun 10, 2026, 12:00 am

This summary was created by AI, based on 11 opinions in the last 12 months.

Fortis Inc. (FTS-T) is recognized as one of the largest regulated gas and electric utilities in North America, making it a reliable choice for investors seeking stable returns. The company recently reported Q4 earnings that exceeded expectations, with a year-over-year revenue increase of 11%. With a substantial $26 billion capital plan extending through 2029, Fortis aims to generate a compounded growth rate of 6.5% in its rate base. Although the stock may not be seen as an exciting growth investment, its solid dividend yield of approximately 3.4% and consistent annual growth make it attractive for long-term income investors. Market analysts suggest exercising patience for a potential pullback to better entry points, indicating a balanced approach between income and future growth potential in the utility sector.

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Consensus
Hold
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Valuation
Overvalued
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Similar
BIP.UN
PAST TOP PICK
(A Top Pick Feb 12/10. Up 24.52%.)
TOP PICK
Have a fairly good rate base and seemed to be expanding it more than 5% per year. There will be dividend increases going forward. Have good operations. Good price.
BUY
Fortis (FTS-T) versus Emera (EMA-T) Fortis has a better valuation going forward. Emera has to have 40% of its power output from renewables (?) going forward and he is not sure this is going to be positive for them. Should see dividend increases each year and with the prospect of deflation this is one you should own.
SELL
Getting nervous about it. Almost got to price book value. It’s still not particularly cheap. Nothing wrong with the company. He sold all his position.
TOP PICK
Primarily electric distribution in Newfoundland, BC and Alberta. Increased dividend 31 years in a row. Well managed. Great assets.
COMMENT
Canada's growth utility. Near-term it is fully priced. Dividend of about 4% is safe.
TOP PICK
Biggest public Canadian utility - 38 years in a row of dividend rises. Economically non-sensitive stock.
TOP PICK
Raised their dividends 38 years in a row. Earnings won't be great but will grow at 5%-8%. Have a big balance sheet and are on the hunt for an acquisition, which will be positive for their earnings.
PAST TOP PICK
(Top Pick Feb 12/10, Up 23.03%)
PAST TOP PICK
(A Top Pick July 26/10. Up 12.44%.) Sold this when it had reached her target level. 3.1% yield.
DON'T BUY
Model price of $24.57, over valued by 22%. Dividend of 3.57%.
DON'T BUY
Just trimmed a portion of his holdings and is considering trimming more. Will have limited growth going forward and is trading at a very high PE multiple. Because it is a 92% regulated utility, with inflation and higher interest rates it will have a tough time outperforming. For dividends, consider going to telcos, Bell (BCE-T) or Rogers (RCI.B-T).
TOP PICK
Dividend and growth play. 3.5-3.6% yield. Use $32 as your exit point. In this low interest rate environment, people are going to be looking for this kind of yield. Has the potential to get back to the $35 level.
WAIT
Long term? Just raised $300 million at around $33. The deal sold well, but feels there’s an overhang on that. Yield of about 3.5%. Good growth prospects ahead of it. Will likely have to raise more money for a recent transaction in the North East US, which will be mildly accretive. There are better choices out there. Wait.
COMMENT
Well-run company and attractive dividend yield. Fairly priced at this time. Decent dividend. Would prefer Trans Canada (TRP-T), which will benefit from all their recent capital spending.
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