TSE:FTS

Fortis Inc. (FTS.TO)

78.74
+0.93 (1.20%)
as of Jun 10, 2026, 4:04:02 pm Market Open.
1463 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, 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
BUY
The right kind of name for this kind of market. Has attributes he is looking for. Predictability, solid yield of 3.6%, covers the dividend well, growth going forward and generates cash.
BUY
(Market Call Minute.) You have B.C., Newfoundland and the Caribbean. Very well run. Has growth.
BUY
Not exciting, but nice and steady. If you are looking for a blue chip with a high dividend and a history of raising dividends, this is not a bad one. Trading at a slightly suppressed price. 4% yield.
COMMENT
At this price, it represents decent value. More of a defensive play and as defensive plays become more in vogue, it will move back up. Well managed.
BUY
Money will be flowing out of BCE (BCE-T) and Transalta (TA-T) looking for a home in the regulated area. This is a natural. Under priced.
BUY
Has broken down to last year’s number. Bit of a problem in Belize but that shouldn’t be too disturbing. Good yield. Good long term asset.
BUY
Long term it trades like the banks, but outperforms them. A growth utility. Dividend yield is somewhat less than most utility stocks because it uses its money to grow. Geographically diversified. Long-term growth profile is great.
BUY
This is a way of producing income without too much volatility.
PAST TOP PICK
(A Top Pick Nov 19/07. Up 4%.) East coast utility that has become a national utility by buying the B.C. pipeline. Has been very stable. 3.5% yield. A Hold.
SELL
Nice yield at 3.6% but trades at a very high multiple in excess of the TSE price/earnings ratio.
PAST TOP PICK
(A Top Pick Mar 23/07. Up 7%.) There has been a pickup in the last few weeks because of a rush to quality and a rush to reliable dividends in the utilities. Has a fine history. Fairly aggressive expansion.
PAST TOP PICK
(A Top Pick March 23/07. Up 4% including dividends.) A good sensible blue chip.
BUY
(Market Call Minute.) Utility regulated and defensive. Runs on a shoestring.
BUY
If you are going to own equities through a difficult economy and market, yield is something you should look at. There are a bunch of companies in the Canadian market that have hung on pretty well. Look at TransCanada (TRP-T), Transalta (TA-T), Fortis (FTS-T) or an Enbridge (ENB).
BUY ON WEAKNESS
Have had a good growth profile for quite awhile. Stock is in a channel on an upward trend. Short-term momentum indicators are saying the stock is a little bit ahead of itself so you might see it back off a little. Try to buy at its support level of around $27.91.
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