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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BIP.UN
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%..
TOP PICK
Is buying for new accounts. Low risk,/ low return (14%). They are good operators and have capital projects in line that will grow cash flow by 5% a year.
TOP PICK
Preferred series G, 5.25%. Very stable business. On the cusp of being “investment grade”, “non-investment grade”. More of a modest risk security. Has fixed coupons for the next 3 years at 5.25%. Looks cheap right now.
BUY
Used to be a electric distributor but is now more of a gas distributor and is a growth utility. Looking to expand into the US. Well managed.
TOP PICK
Big, boring utility. Natural gas and electricity distributing company. Expect their rate base to grow by about 6% annually for the next 5 years. Yield of almost 4% with a record of increased dividends.
BUY
One of his core holdings. Yield is not that exciting but they have a growth profile. Just holds on to it. Pretty good about increasing the dividend.
BUY
Big utility. A little expensive for him right now. Expected to earn around $1.60-$1.65 in 2011 but on a price to cash flow basis, the dividend is extremely well covered. If you like the yield, it is not a bad place to be.
BUY
Yes it is a good entry point. Large part of business is regulated. Likes it for yield and stead growth of earnings per share.
TOP PICK
Core holding. Long term. Primarily gas and electric distribution. They have small business out east. Well diversified. Really good model and good culture. Their problem is they have to do some acquisitions in the States to grow.
BUY
Tends to be something that is not adversely affected by the very emotional downturns that we've had recently. The downturn of the stock might have been as a result of the banks talking about higher interest rates, which is now being downplayed.
BUY ON WEAKNESS
Utilities tend to do better in July. Tend to get hit with the market in the beginning and then people tend to get attracted later in July and in September. Below $25 would be a good time to look at this.
PAST TOP PICK
(A Top Pick Apr 16/09. Up 27.24%.)
COMMENT
Increased dividend for 37 years in a row. Big Cap X going on out west. Looking for 5-10% growth.
COMMENT
Diversified utility company. Have done a lot of expanding into other provinces in the last few years. Well run. Have been growing their dividend for 30 some years. Not cheap. Good one to own.
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