TSE:FTS

Fortis Inc. (FTS.TO)

78.15
+0.03 (0.04%)
as of Aug 12, 2026, 1:42:07 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
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Valuation
Fair Value
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Similar
EMA
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.
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.
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