TSE:FTS

Fortis Inc. (FTS.TO)

82.00
-0.42 (0.51%)
as of Jul 20, 2026, 7:59:59 pm Market Open.
1459 watching
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Investor Insights
star iconJul 20, 2026, 12:00 am

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

Fortis Inc. (FTS-T) is recognized as a solid utility company with a dependable dividend yield, appealing primarily to income-focused investors. Analysts highlight its significant growth potential driven by a robust capital plan of $26 billion aimed at enhancing its rate base. The company is well-positioned in key regions, especially in the U.S., where data center constructions may provide further operational expansion and revenue opportunities. However, Fortis is viewed more as a bond proxy than a high-growth stock, exhibiting stability over excitement. While its consistent dividend growth and established market position make it an attractive long-term holding, several experts recommend waiting for a potential price pullback before initiating new positions.

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Consensus
Hold
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Valuation
Fair Value
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BIP.UN
BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

FTS has raised its dividend every year of the past 50+.
It does have a lot of debt, but it is in a regulated industry, with consistent and stable cash flow, regardless of economic conditions.
We cannot guarantee future increases, but we can say  it is a dividend we would have little concern on.  
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TOP PICK
Defensive investment idea with ~4% dividend yield. Grown dividend 49 years in a row. $22 billion capital expansion plan approved. Largest utility in Canada.
DON'T BUY
Less regulatory risk than EMA. Still a negative total return over the last 12 months. Yield is 4.2%.
BUY
Current share price a great place to invest. Higher interest rates will be tough on company, but business is a good long term investment. 49 straight years of dividend growth. Share price expected to grow in the long term.
TOP PICK
Diversified infrastructure, primarily in gas and electric distribution. 5-year capital plan anticipates addition to rate base of 6%, so we can see pretty consistent dividend increases between 4-6%. Already a consistent dividend grower. Earnings in USD give a hedge against the CAD. Yield is 4.28%. (Analysts’ price target is $56.83)
BUY
Doesn't own stock, but sees current share price as good entry point. Electric/gas utility - interest rates very sensitive to business model. Very consistent business model (~4% dividend yield). Good for defensive investors.
TOP PICK
Boring and defensive, and everyone needs defence. Utilities have pulled back sharply, so it's attractive to enter now. 60% of its earning are from the U.S. The renewable trend makes Fortis well-positioned, because they build transmission likes for energy. FTS itself is transitioning to green, like turning a coal-burning plant into renewables. They can grow their 4.5% dividend 6% annually through 2025. Big cash flows. (Analysts’ price target is $60.91)
BUY
An electric utility company in the U.S. and Caribbean. Had good numbers in the last quarter and has increased the dividend for 49 consecutive years. Interest rates will cause some volatility but its valuation is good. Moody's and S&P have reaffirmed ratings.
WEAK BUY
Well-run. In utilities, his #1 choice is Brookfield Infrastructure and Algonquin which offer stronger growth, especially AQN. Utilities have come off a lot given rising rates, so choose one with strong growth. All have robust capital programs and enjoy strong demand. Prefers AQN in this space.
TOP PICK
49 years of increasing dividends. Not a huge risk to negative revisions. Rapid rise in interest rates has impacted valuation of utilities, so an attractive opportunity. Stable, predictable, consistent results that can weather the storm. Well diversified. Not a lot of funding risk. Yield is 4.27%. (Analysts’ price target is $60.91)
BUY
Totally defensive which you need now. 98% of their revenue is rate-regulated utilities, so there's little risk. It has been growing for a long time. They deploy capital to wisely build their grid or repair their infrastructure. They grow their capital base, earnings and dividend by 6% annually. Shares yield close to 4%. That's a 10% return annually. Some feel the PE is too high, but he's fine with Fortis.
BUY ON WEAKNESS
Key to any utility is you have to factor the inflation rate into your return. If inflation gets sticky, around 5-6%, you'll have a negative rate of return. You want to get this on sale, especially important if you hold it in a taxable account. If inflation goes back to 3-4%, it's not that big an issue. Dividend safe, well-run.
COMMENT
A long term hold with regular cash flow along with slow growth. He prefers AES Corporation since it has more growth especially with the renewables.
HOLD
Pretty low beta, about half of the TSX. Utilities tend to do well in economic downturns, and they've done well recently. As we get into the early stages of the next cycle and economic stability, utilities may fall off a bit. Nice yield of 3.6%.
BUY
A dividend stock for a young investor? Find a dividend-grower like this, growing for 50 straight years.
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