TSE:FTS

Fortis Inc. (FTS.TO)

77.99
-0.13 (0.17%)
as of Aug 12, 2026, 1:36:12 pm Market Open.
1461 watching
0
Investor Insights
star iconAug 11, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

Fortis Inc. (FTS-T) is viewed as a favorable utility investment by several analysts, primarily for its stable dividend yield of around 3.2% and its solid growth prospects, which continue at a rate of 5-7%. While most reviewers emphasize its reliability and exceptional management, concerns regarding its valuation persist, with many experts suggesting that the current price of $72-73 is on the higher side considering its mid-single-digit growth potential. Some analysts recommend holding off on purchasing until the stock dips below $70, suggesting that although it's well-regarded, the entry point is crucial to maximizing returns. Despite recent performance, a couple of reviewers express a preference for alternative utility options, indicating that while Fortis is a strong long-term hold, it may not provide the capital growth some investors are seeking at this time.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
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Similar
EMA
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.
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.
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