TSE:FTS

Fortis Inc. (FTS.TO)

82.00
-0.42 (0.51%)
as of Jul 20, 2026, 7:59:59 pm Market Open.
1459 watching
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Investor Insights
star iconJul 20, 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 company with a dependable dividend yield, appealing primarily to income-focused investors. Analysts highlight its significant growth potential driven by a robust capital plan of $26 billion aimed at enhancing its rate base. The company is well-positioned in key regions, especially in the U.S., where data center constructions may provide further operational expansion and revenue opportunities. However, Fortis is viewed more as a bond proxy than a high-growth stock, exhibiting stability over excitement. While its consistent dividend growth and established market position make it an attractive long-term holding, several experts recommend waiting for a potential price pullback before initiating new positions.

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Consensus
Hold
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Valuation
Fair Value
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BIP.UN
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.
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.
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