TSE:FTS

Fortis Inc. (FTS.TO)

76.57
+0.37 (0.49%)
as of Sep 3, 2026, 8:00:00 pm Market Open.
1462 watching
0
Investor Insights
star iconSep 3, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Fortis Inc. (FTS-T) is regarded as a solid utility stock with a long history of dividend growth, typically growing at about 5% annually while offering a dividend yield around 3.2-3.3%. The company benefits from a stable cash flow driven by its significant capital expenditure plan and the growing demand for data centers, making it an appealing choice for investors seeking reliable income amidst market volatility. However, there is a shared concern among experts regarding the current valuation, with many suggesting that the stock is fairly valued or even slightly overvalued compared to its growth prospects. While some analysts highlight the steady nature of this investment, they caution that returns may not be as high as more growth-oriented stocks, emphasizing this as an anchor for portfolios rather than a high-growth opportunity. Analysts suggest buying on dips, particularly if the price falls below key support levels, indicating a preference for cautious entry points in light of recent market trends.

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Consensus
Hold
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Valuation
Fair Value
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PAST TOP PICK
(A Top Pick Sept 5/06. Up 1.5%.) Canada's growth utility stock. The theme was yield and this paid 3.3%. Made a good acquisition, which will lead to accretive earnings. Good growth potential.
HOLD
A long-term hold. Was bid up to a very high level at the beginning of the year but is now coming down to a more reasonable price.
BUY
Interest-rate sensitive, so the stock has been dropping. Good stock for long-term investors. Dividend increase has been very strong.
BUY
Highly recommend it. One of the best names in the Canadian landscapes, and he thinks it's a buy.
DON'T BUY
It's a great company, but doesn't feel you should pay the current price ratios for it.
BUY
Canada's growth utility. Has grown across the country, into the Caribbean and also into the US. Had to issue a lot of stock to pay for their acquisitions and it takes the market time to churn through it. Should have good upside from here.
DON'T BUY
The model price has moved up quite a bit, but is still only $26.38, a negative 6%.
PAST TOP PICK
(A Top Pick May 30/06. Up 16.2%.) Has a nice yield, less than other utilities, but this is Canada's growth utility.
BUY
Acquiring Terasen (TER-T). A very high-quality utility stock. A fantastic company when it comes to growing. Likes the utility space in general.
BUY
Utility space is wonderful as institutions are looking for long-duration assets or things that will pay them over 10-20 years. Pays a nice yield.
BUY
Utilities are an area that you want to consider if you feel that interest rates are stable or declining. First-rate management team.
TOP PICK
Maritime utility company that expanded into British Columbia through an acquisition of a natural gas distributor. Good management.
BUY
Keep making acquisitions. Has grown tremendously over the last 5 years. Because interest rates are so low, all of the utilities in Canada are desirable.
BUY
Acquiring a natural gas distribution business in British Columbia. 3.2% dividend.
WAIT
The P/E ratio on all utilities is far too high and the yields are far too low. Purchasing a B.C. gas utility. Over the long term, this will be favourable, but wants to watch to see how the integration goes.
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