TSE:FTS

Fortis Inc. (FTS.TO)

78.38
+0.26 (0.33%)
as of Aug 12, 2026, 5:07:01 pm Market Open.
1461 watching
0
Investor Insights
star iconAug 12, 2026, 12:00 am

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

Fortis Inc. (FTS-T) is primarily regarded as a solid income stock, appealing for its reliable dividend yield and potential for free cash flow growth through 2030. Experts highlight the company's long history of increasing dividends, with reviews indicating a robust capital spending plan that supports future growth. Despite being a core holding for many, opinions vary on its current valuation, with some suggesting it may be overpriced at 18x PE relative to its growth potential of 5-7%. Analysts acknowledge the company's strong position within the utility sector, especially in regions benefitting from data center developments, although some express caution around buying at current prices, recommending to wait for more favorable entry points. Overall, it is viewed as a low-risk investment suitable for long-term holders, providing stable returns in fluctuating market conditions.

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Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
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.
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.
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