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
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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
TOP PICK
Relatively low payout ratio. Top-flight management.
BUY ON WEAKNESS
Have increased their dividend. Has gotten to a size where you're looking at 8/10% growth plus 4% in dividends. With low volatility, this is not a bad thing. Entry point is a little high now. Would prefer $21/22.
TOP PICK
A growth defensive stock. A utility based in Newfoundland with operations across Canada and into the Caribbean and Central America. Dividend yield is low at 2.5% but it grows quite regularly because the company is growing.
DON'T BUY
A model price of $22.58, a negative 8% differential.
PAST TOP PICK
(A Top Pick May 30/06. Up 2.6%.) A growth utility, both in Canada, Caribbean and Central America. Has the best management of utility stocks and the best growth prospects.
BUY
Utilities are going to be a very good place to be parked. Doesn't think there is going to be much interest rate risk any more.
TOP PICK
A growth utility. Has expanded from Newfoundland two other provinces and countries. Great management. Dividend goes up regularly.
HOLD
There has been a correction in the entire space, mainly because of interest rates. Thinks they may have been oversold. Long-term trend line shows a long uptrend. Don't let it go below the long-term trend line.
BUY
Excellent company. Operations are strong and integration of the assets they acquired in western Canada have gone along smoother than expected. Stock dropped because the dividend yield is less attractive as interest rates rose. In the low $20's, it's a favorable risk, but don't look for a move to $30 any time soon.
BUY
A Newfoundland based utility company. Sometimes outperforms the banks. Nice dividend.
DON'T BUY
He has a model price of $19. A lot of the dividend paying stocks are well above his model prices.
HOLD
Decent company, but wouldn't be a buyer. This is a “no growth” area of the market.
BUY
The long-term outlook is great. Good yield.
WEAK BUY
Maritines utilitie. Long term it's done very well. Now the outlook is dividend plus 5 to 7 %. Thinks for growth you would be better in the piplines, altough this is a good safe place to be.
HOLD
If you own hold it but don’t buy it if you don’t have it. Limited growth. Only as a defense in your portfolio.
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