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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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)
Christine PooleBilly 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
Stockchase InsightsChristine Poole
Ryan BushellRyan BushellChristine Poole
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
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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.