TSE:FTS
Fortis Inc. (FTS.TO)
Financials 
Technical Analysis 
Jun 8, 2026, 12:00 amThis 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, primarily known for its reliability rather than rapid growth. The company has recently shown solid performance with Q4 earnings beating expectations by about 6% and a year-over-year revenue increase of 11%. However, many analysts note that while the dividend yield of approximately 3.4% to 3.8% is appealing, the expected growth of dividends is modest, projected at 3-4% annually. With a substantial capital plan of $26 billion through 2029 aimed at increasing the rate base by 6.5%, Fortis is considered a sound long-term investment, especially for income-focused investors. Experts suggest waiting for a price pullback before initiating new positions, as the stock is currently trading near its 52-week high.
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