TSE:FTS

Fortis Inc. (FTS.TO)

78.77
+0.96 (1.23%)
as of Jun 10, 2026, 8:00:00 pm Market Open.
1462 watching
0
Investor Insights
star iconJun 10, 2026, 12:00 am

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.

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Consensus
Hold
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Valuation
Overvalued
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Similar
BIP.UN
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.
PARTIAL BUY
Solid good utility. Has run up like anything that is paying a dividend. Have been increasing dividends with their earnings profile. Fully valued at current price. Would suggest a partial position at this time.
BUY
Electrical and gas distribution in Alberta and BC. Very strong management team. Building their rate base at $1.5 billion a year. Can see earnings growth at 6%-8% and they’ll increase dividends 6%-8%..
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