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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.

consensus icon
Consensus
Hold
valuation icon
Valuation
Fair Value
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Similar
AQN
BUY

Fortis Inc.(FTS.TO)

Aug 11, 2022
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.
Photo of David BurrowsDavid Burrows
Owned
Unlock Rating
$59.95

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
premiumPremium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

Fortis Inc.(FTS.TO)

Aug 02, 2022

Fortis is building transmission lines to renwewable energy which will de-carbonize their fleet and attract more ESG investment. Renewable energy is big and getting bigger. Fortis shares tend to swing within a range, so pick it up below $60 and watch it ride higher. It currently trades just above $60. The current EPS of $2.65 is double the industry average. Its PE of 22.9x is below the average of 35.1x, but higher than its own forward PE of 20.04x. Fortis is close to fair value now, though recently TD, BMO, Scotiabank and RBC targeted $62-65 for the name. Again, own this for income.

Photo of The Monthly Gems by Allan TongThe Monthly Gems by Allan TongUnlock Rating
$60.27

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)

Jun 13, 2022
It has risen up to its intrinsic value so not much left in the stock.
Photo of Ross HealyRoss HealyUnlock Rating
$61.37

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
WEAK BUY

Fortis Inc.(FTS.TO)

Jun 09, 2022
Excellent for retirement. He doesn't own it in favour of better opportunities, which carry higher risk. 35 years of increasing dividends. Dividend will continue to grow, but not massive capital appreciation. Depends what kind of investor you are.
Photo of Varun AnandVarun Anand
No
Unlock Rating
$62.05

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
TOP PICK

Fortis Inc.(FTS.TO)

Mar 15, 2022

Half of earnings comes from the US. An income stock. A core holding for her. Pays a 3.5% dividend. Has a long track of increasing that dividend, 6% annually through 2025. Will benefit from greening assets into renewables in the deacade to come. (Analysts’ price target is $59.14)

Photo of Christine PooleChristine Poole
Owned
Unlock Rating
$60.46

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Mar 07, 2022

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. They are growing their non-regulated hydro electric facilities quickly. Their long term performance record is convincing. They have a high degree of confidence in their ability to adapt to changing demands and preferences. Unlock Premium - Try 5i Free

Photo of Stockchase InsightsStockchase Insights
Unknown
Unlock Rating
$61.18

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)

Feb 17, 2022
Looking at a 10-year chart, the stock tends to peak right at FMV, which it did recently, and now it's on the way down. Tends to bottom at $48. Wait for it. Regular as a German railway timetable.
Photo of Ross HealyRoss HealyUnlock Rating
$57.76

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
PAST TOP PICK

Fortis Inc.(FTS.TO)

Jan 18, 2022
(A Top Pick Jan 18/21, Up 15%) It remains a longtime holding, a core income stock that pays 6% which is safe and will increase annually through 2025. A capital plan will support that. They will build transmission lines to renewable energy sources and help de0carbonize their fleet. She'd buy it for income.
Photo of Christine PooleChristine Poole
Owned
Unlock Rating
$57.99

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Jan 11, 2022
Great company. Electricity, nat gas, biomass. Growth algorithm involves a spend of 22-24B, a lot of money. Regulated rate base. Target growth in dividends is about 6%. Good line of sight to 10% return with very low risk. Well managed. Buy it here comfortably.
Photo of Brian MaddenBrian Madden
No
Unlock Rating
$58.99

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Dec 02, 2021
Good dividend grower, close to 4% yield. 6% compound growth rate, which gives you good line of sight to double-digit total return potential. A name you want to think about right now. 12 months from now, growth will be slowing. Steady, consistent growers will be more in focus.
Photo of Brian MaddenBrian Madden
No
Unlock Rating
$56.19

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
PAST TOP PICK

Fortis Inc.(FTS.TO)

Nov 30, 2021
(A Top Pick Nov 04/20, Up 11%) He continues to buy this. They've had nearly 5 decades of dividend increases, so it's an attractive total return over time. He still buys this. You can buy this and forget about it. It's one of the best-run companies in the world. He likes the outlook for electric utility given the future of e-cars and the greening of the power grid.
Photo of Ryan BushellRyan Bushell
Owned
Unlock Rating
$55.76

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Oct 14, 2021
Still a solid long-term hold? One of those stocks in his portfolio he doesn't look at too often. 48 straight years of dividend increases. Pretty good line of sight to mid-single dividend growth out to 5, 10, 15, 20 years. As long as dividend keeps up with inflation, stock should also keep up. Cross-currents with rising rates, but long bonds are dropping and that's where utilities are focused. Extremely high quality, and you have to pay for it. Buying for new clients.
Photo of Ryan BushellRyan Bushell
Owned
Unlock Rating
$56.82

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
PAST TOP PICK

Fortis Inc.(FTS.TO)

Oct 13, 2021
(A Top Pick Oct 14/20, Up 7%) Income stock, so not expecting double digit gains. Buy it for the yield of around 4%. Growing yield of 6% annually. Greening their fleet. Highly defensive.
Photo of Christine PooleChristine Poole
Owned
Unlock Rating
$56.37

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Oct 06, 2021
Great assets. Good solid company, so he'd have no problems with it at all. He prefers something like ENB.
Photo of Alex RuusAlex RuusUnlock Rating
$56.16

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
BUY

Fortis Inc.(FTS.TO)

Sep 27, 2021

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. One of the best buy and forget income stocks. The dividend increase history is very impressive and it is in a regulated industry. The company is well managed. Unlock Premium - Try 5i Free

Photo of Stockchase InsightsStockchase Insights
Unknown
Unlock Rating
$56.45

Stock price when the opinion was issued

$82.09

As of Jun 29, 2026. Market Open.

electrical utilities
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