
TSE:FTS
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.