TSE:FTS

Fortis Inc. (FTS.TO)

78.67
+0.86 (1.11%)
as of Jun 10, 2026, 4:32:00 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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BIP.UN
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.
BUY
This is Canada's growth utility company. Acquiring a natural gas distribution business, which is a great acquisition. They will be doing a major stock issue, which has decreased the stock price. Good opportunity to buy.
DON'T BUY
Power generation. A fairly stable, boring business. Increases dividends regularly. Trading at about 20 X forward earnings, which is quite high. Had a good last quarter and surpassed estimates. There are others that provide more exciting growth potential.
PAST TOP PICK
(A Top Pick Oct 31/06. Up 5.7%.) Just reported very good earnings. Recently did a share issue that depressed the stock, but it is now coming back. Canada's growth utility.
DON'T BUY
Good history for dividend growth. Unfortunately, it is too rich at 19 X earnings. They have moved into areas that have operating risks and are not associated with their pure utilities.
PAST TOP PICK
(A Top Pick Oct 31/06. Up 6%.) A growth utility both in and outside of Canada. Still likes.
BUY
A utility, but unlike other Canadian utilities it is a growth utility. Have expanded to the west and into the Caribbean and are looking to the Pacific region. Long-term performance is equal to or better than the banks. Had a good run, but would buy for the long run.
BUY
Canada’s growth utility. Dividend yield and payout ratio are much lower than other utility stocks. Raises the dividend regularly every year, sometimes twice a year. Grow by acquiring undervalued utilities. Good management, balance sheet and growth.
TOP PICK
A utility, but a growth utility. Has a lower than average dividend and yield but has earnings that grow much faster than other utility companies. Great management. Geographically diversified in Eastern and Western Canada as well as Central America and the Caribbean. Stock has done better than the banks.
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