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
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.
BUY
Good utility company. Assets in Canada and Caribbean and recently moved into Vermont. 95% of its revenues are contracted on regulated assets. Not a bad company to own and the 3.5% dividend is very safe.
PAST TOP PICK
(A Top Pick June 2/10. Up 24.61%.) Grow their earnings and dividends 6% to 8% a year each. Good diversification. Their problem currently is what to do with the money. Aggressively looking at the US for electrical and gas distribution companies.
HOLD
Trimmed in the last month or two. 38 years in a row they raised their dividend. Concerned about valuation (17-18x earnings, which is too high) and because 80-90% of operations are regulated, inflation would be a problem. Won't own it much longer.
COMMENT
Very high quality company. Slow growing, steady, solid company. Consistently increases its dividends. (She holds some retractable Gs for clients.)
DON'T BUY
We have seen the best of a lot of these stocks in capital gains.
WAIT
Loves yield plays likes this. Yield is a bit on the low end. $32 would be a good stop. Been trading in a tight range. If it drops $33.50 reduce position and sell at $32. Could hit $36 on good news. Wait for the news to buy
HOLD
Currently in a short term trading range but the technicals are still very positive. If it breaks the trading range, which it is very close to doing, you could see it at around the $38-$39 level. Has very positive seasonality through until the end of December.
TOP PICK
Likes regulated utilities, as they will be allowed to increase revenues in order to match growth with economies. Diversified businesses. About 3.4% yield.
WEAK BUY
Bonds: Very solid utility. Power generation assets are highly regulated. Contracts in place for a very long length of time. A little bit rich as present because the extra spread over a government bond is not as good as he used to get.
SELL
We are trading in a band and are at the top of the band. As a trader you might want to take profits here because it might come down to the bottom of the band. Long term, we know the fed will keep rates where they are. Yield is 7%, which is big for a stable, low growth company. It will go higher in fits and starts.
PARTIAL SELL
Utility. Good dividend grower but stock is getting expensive and valuation is a little high. If you own, consider trimming. Consider buying when it is down 5% or so.
WAIT
A first rate company. His worry is the P/E ratio. This one could get hurt if interest rates start to rise. If he were buying, he would wait until it was 10% lower.
WAIT
(Market Call Minute) a little toppy, wait for a pull back.
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