TSE:FTS

Fortis Inc. (FTS.TO)

82.14
+0.88 (1.08%)
as of Jul 22, 2026, 8:00:00 pm Market Open.
1459 watching
0
Investor Insights
star iconJul 22, 2026, 12:00 am

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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
BIP.UN
PAST TOP PICK
(Top Pick Nov 19/10, Up 10.12%) A year is a long time in these markets. If we get above the $33.80 range then it may continue up.
HOLD
This time of year he favours the cyclical stocks more. Broke its downtrend. The high is probably not a bad place to exit unless it continues to run.
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.
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