TSE:FTS
Fortis Inc. (FTS.TO)
76.92
-0.91 (1.17%)
as of Jun 8, 2026, 8:00:00 pm Market Open.
1463 watching
Financials 
Technical Analysis 0
Investor Insights
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.
Consensus
Hold
Valuation
Fair Value
Similar
BIP.UN
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.
Brian MaddenOwned
electrical utilities
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.
Ryan BushellOwned
electrical utilities
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)
Michael SprungOwned
electrical utilities
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)
Christine PooleOwned
electrical utilities
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.
Paul Harris, CFAOwned
electrical utilities
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.
Chris BlumasOwned
electrical utilities
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)
James TelfserOwned
electrical utilities
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.
Brian MaddenOwned
electrical utilities
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.
electrical utilities
BUY
As part of his barbell approach, he has pretty good exposure to staples and utilities, and dividend growth in particular. Great record of growing dividend. Yield of 3.5%, growing at 6-7% a year. Won't shoot the lights out if there's a strong market from here, but it will be a steady performer.
David BurrowsOwned
electrical utilities
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20scale(-1,%201)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
'%20fill='%23ffffff'%3e%3cg%20id='Pager'%20transform='translate(423.000000,%201755.000000)'%3e%3cpath%20d='M243.295367,17.286474%20C243.68919,16.9045087%20244.327703,16.9045087%20244.721525,17.286474%20L249,21.4361302%20L253.278475,17.286474%20C253.672297,16.9045087%20254.31081,16.9045087%20254.704633,17.286474%20C255.098456,17.6684393%20255.098456,18.2877274%20254.704633,18.6696927%20L249.35654,23.856763%20C249.159628,24.0477457%20248.840372,24.0477457%20248.64346,23.856763%20L243.295367,18.6696927%20C242.901544,18.2877274%20242.901544,17.6684393%20243.295367,17.286474%20Z'%20id='Path'%20transform='translate(249.000000,%2020.500000)%20rotate(-90.000000)%20translate(-249.000000,%20-20.500000)%20'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
