TSE:FTS

Fortis Inc. (FTS.TO)

75.95
-0.44 (0.58%)
as of Sep 2, 2026, 3:52:12 pm Market Open.
1462 watching
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Investor Insights
star iconSep 2, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Fortis Inc. (FTS) is a well-regarded utility stock known for its consistent and reliable dividend payments, boasting a yield of around 3.3%. Analysts emphasize its steady historical dividend growth, albeit at a modest rate of 5-7% annually. Despite the challenges faced by the utility sector recently, Fortis is viewed as a safe, 'sleep-at-night' investment with good management and growth potential from its significant capital spending plan. There is some concern among experts about the stock's current valuation, with recommendations to consider entering at lower price points. Overall, Fortis is considered an appealing long-term hold for those seeking income stability amidst a volatile market landscape.

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Consensus
Hold
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Valuation
Fair Value
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Similar
EMA
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.
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.
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