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.

consensus icon
Consensus
Hold
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Valuation
Fair Value
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Similar
BIP.UN
BUY
Likes the utilities. Has better management then TA-T but not as good a yield.
BUY
Capital gains potential is about 10% plus yield of about 4%. 200 day moving average is 4% lower. He likes the risk reward ratio.
TOP PICK
Long-term hold for his firm. Boring utility company. Great base. Pays an ever-increasing dividend year after year. Expansion opportunities.
PAST TOP PICK
(A Top Pick Feb 9/09. Up 13% excluding dividends.) The only company that has raised its dividends 37 years in a row. Blue chip good for long-term investors.
DON'T BUY
His model price is $23.87, a -16% differential. Although it has 4% yield, yield is not valuation. When you go for yield, you are paying huge amounts of valuation.
TOP PICK
Series H 4.25%. Diversified utility, so thinks it will do very well.
BUY
(Market call minute) Nice.
TOP PICK
(A Top Pick Feb 9/09. Up 21.55%.) Recently raised its dividend for the 37th consecutive year.
BUY
Primarily into electrical distribution but with some generation. Well diversified across Canada and somewhat into the Caribbean. Good dividend record.
COMMENT
(Market Call Minute.) Nice dividend but not a lot of upside.
BUY
It’s expensive (17 times next year’s earnings), but so are other utilities. There has been a push toward high yielding (3%+) security.
PAST TOP PICK
(A Top Pick Apr 16/09. Up 24.56%.) Still a Hold.
TOP PICK
Canada’s Growth utility. Started in Newfoundland only and spread west and to 3 Caribbean countries. Raises capital and buys utilities. Dividend gone up in each of last 37 years. 3.9% dividend.
BUY
Just received a favourable decision from Alberta regulators, increasing their deemed equity and rate of return so a dividend increase is possible but may not be likely in the near term. Good company. Diversified base in Alberta.
BUY
(Market Call Minute.) Excellent value play. High income. Very stable company.
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