TSE:FTS

Fortis Inc. (FTS.TO)

82.09
-0.48 (0.58%)
as of Jun 29, 2026, 8:00:00 pm Market Open.
1460 watching
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Investor Insights
star iconJun 29, 2026, 12:00 am

This summary was created by AI, based on 8 opinions in the last 12 months.

Fortis Inc. (FTS-T) is regarded as one of North America's largest regulated gas and electric utilities, recognized for its reliable performance and stable dividend, currently yielding around 2.3% to 3.5%. The company reported strong Q4 earnings, with revenue up 11% year-over-year, and plans to spend $26 billion through 2029 to boost its rate base by approximately 6.5% annually. While opinions on its growth potential vary, many experts like its strong cash flow visibility and effective capital expenditure strategy. However, some analysts suggest that its valuation seems steep, trading around an 18-22x forward P/E ratio, prompting a cautious approach for new investments until prices decline. Fortis remains an attractive long-term hold for dividend-seeking investors, but potential buyers may want to wait for a more opportune entry point below $70.

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Consensus
Hold
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Valuation
Fair Value
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AQN
HOLD
Getting a little bit expensive and wouldn't buy it for new clients right now. Made a good acquistion in western Canada. Diversified across industries. As long as interest rates stay low, it's an attractive holding, but don't count on big capital gains from here.
BUY
A utility holding company and is a growth company in the utilities sector. Because they have holdings in large diverse geographical area, it's a great utility to be in. Decent yield.
BUY ON WEAKNESS
Very diversified company now. Reported earnings and they look pretty good. Wouldn't be an agressive buyer above $75. Mid $60's it's a real good play.
BUY
Q: Coming into an inheritance. What is a buy for a long term hold that pays dividends? A: Good long term hold. 2/3 of gains over time are made from dividends.
BUY
Utility stocks seems to be the safest area to preserve capital and still make a decent profit. May be a counter balance to the strong resource stocks.
HOLD
Doesn't feel that an increase in interest rates will create any problems.
BUY ON WEAKNESS
One of the better managements in electrical utility business. Yield is quite nice but if interest rates go up. It could be affected. Would prefer it $4/5 lower.
BUY
Holding it for long term income. One of the cheapest Canadian utilities.
DON'T BUY
Utilities tend to move up very sharply when interest rates are low and yield is high. Hard to see much further upside.
BUY
A real success story. A regulated utility, so nothing fancy. Where they see significant upside potential is to get their costs in Alberta and B.C. down to $250 a year per customer, as they have in Newfoundland.
TOP PICK
Pays 3.66%. Very good management. Have been aggressive in expanding the asset base. Good job of acquiring assets. A good conservative holding.
DON'T BUY
Had a pullback because of the acquisition of some generating properties. At the same time, they announced an issue to pay for it. This would mean 23 million shares outstanding. Too much dilution. Fully valued.
BUY
Good price. P/E of 11 or 12. Expanding with some acquisitions.
HOLD
As long as interest rates stay low, it should perform well. Expensive.
PAST TOP PICK
(Was a top pick on July 30/02. Up 9%.) Still likes. Yield is about 5%.
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