
TSE:FTS
This summary was created by AI, based on 11 opinions in the last 12 months.
Fortis Inc. (FTS-T) is highly regarded as one of North America's largest regulated gas and electric utilities. The company reported impressive Q4 earnings that beat expectations by around 6%, with revenue growth of 11% year-over-year. While not considered a high-growth stock, it boasts a reliable dividend of approximately 2.3% to 3.81%, supported by a robust capital plan of $26 billion through 2029 aimed at achieving a compounding rate base growth of 6.5%. Analysts appreciate its solid fundamentals, which include a well-defined cash flow and significant earnings visibility, especially in the U.S. regions undergoing infrastructure growth. However, there are calls for potential investors to wait for a price pullback before entering the stock, as current valuations reflect a near 52-week high. Overall, Fortis is deemed a strong long-term hold for investors focusing on income stability rather than aggressive growth.