TSE:FTS

Fortis Inc. (FTS.TO)

78.85
+1.04 (1.34%)
as of Jun 10, 2026, 7:19:22 pm Market Open.
1462 watching
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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, with a solid reputation for reliability and long-term income generation. The company's Q4 earnings surpassed expectations by approximately 6%, with a notable year-on-year revenue increase of 11%. Fortis is embarking on an ambitious $26 billion capital plan through 2029, aiming for a compounding growth rate base of 6.5%. Its dividend yield of around 3.5% has consistently seen annual growth, making it a credible option for income-focused investors. However, some experts view it more as a bond proxy with limited growth potential, favoring alternative investments with better diversification or growth prospects.

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Consensus
Hold
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Valuation
Fair Value
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Similar
BIP.UN
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.
HOLD
(Market Call Minute.) Great utility going forward but could be under pressure from higher interest rates.
DON'T BUY
Has gone back to its old highs and has a yield of 4% and its multiple is fairly high. For good defensive stocks consider Pembina (PIF.UN-T), Inter Pipeline Fund (IPL.UN-T) and perhaps even Enbridge (ENB-T).
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