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.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
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Similar
BIP.UN
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).
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.
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