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Fortis Inc. (FTS.TO)

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
valuation icon
Valuation
Fair Value
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AQN
BUY ON WEAKNESS

Fortis Inc.(FTS.TO)

Feb 17, 2023
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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Photo of Stockchase InsightsStockchase InsightsUnlock Rating
$55.74

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
TOP PICK

Fortis Inc.(FTS.TO)

Jan 20, 2023
Defensive investment idea with ~4% dividend yield. Grown dividend 49 years in a row. $22 billion capital expansion plan approved. Largest utility in Canada.
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$55.55

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
DON'T BUY

Fortis Inc.(FTS.TO)

Nov 23, 2022
Less regulatory risk than EMA. Still a negative total return over the last 12 months. Yield is 4.2%.
Photo of Stan WongStan WongUnlock Rating
$53.37

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Nov 11, 2022
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.
Photo of Ryan BushellRyan Bushell
Owned
Unlock Rating
$53.46

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
TOP PICK

Fortis Inc.(FTS.TO)

Nov 02, 2022
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)
Photo of Michael SprungMichael Sprung
Owned
Unlock Rating
$53.55

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Nov 01, 2022
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.
Photo of Lorne SteinbergLorne Steinberg
No
Unlock Rating
$52.92

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
TOP PICK

Fortis Inc.(FTS.TO)

Oct 18, 2022
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)
Photo of Christine PooleChristine Poole
Owned
Unlock Rating
$51.66

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Oct 17, 2022
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.
Photo of Paul Harris, CFAPaul Harris, CFA
Owned
Unlock Rating
$51.45

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
WEAK BUY

Fortis Inc.(FTS.TO)

Oct 12, 2022
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.
Photo of Chris BlumasChris Blumas
Owned
Unlock Rating
$49.00

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
TOP PICK

Fortis Inc.(FTS.TO)

Oct 05, 2022
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)
Photo of James TelfserJames Telfser
Owned
Unlock Rating
$52.93

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Oct 04, 2022
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.
Photo of Brian MaddenBrian Madden
Owned
Unlock Rating
$53.46

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY ON WEAKNESS

Fortis Inc.(FTS.TO)

Sep 15, 2022
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.
Photo of Rick StuchberryRick StuchberryUnlock Rating
$56.74

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
COMMENT

Fortis Inc.(FTS.TO)

Sep 12, 2022
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.
Photo of Robert LauzonRobert LauzonUnlock Rating
$58.81

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
HOLD

Fortis Inc.(FTS.TO)

Sep 08, 2022
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%.
Photo of Stan WongStan WongUnlock Rating
$58.69

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Sep 06, 2022
A dividend stock for a young investor? Find a dividend-grower like this, growing for 50 straight years.
Photo of Ryan BushellRyan BushellUnlock Rating
$58.05

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
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Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

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