
TSE:FTS
This 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. The company reported impressive Q4 earnings that beat expectations by around 6%, with revenue growth of 11% year-over-year. While not considered a high-growth stock, it boasts a reliable dividend of approximately 2.3% to 3.81%, supported by a robust capital plan of $26 billion through 2029 aimed at achieving a compounding rate base growth of 6.5%. Analysts appreciate its solid fundamentals, which include a well-defined cash flow and significant earnings visibility, especially in the U.S. regions undergoing infrastructure growth. However, there are calls for potential investors to wait for a price pullback before entering the stock, as current valuations reflect a near 52-week high. Overall, Fortis is deemed a strong long-term hold for investors focusing on income stability rather than aggressive growth.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It has recently announced its intentions to move towards more renewables over time. A company that has solid history and 5i would bet that this transition is a success. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company recently announced a commitment to moving into renewable energy. Greener companies get higher valuations and so lower cost of capital. Unlock Premium - Try 5i Free
Fortis vs. Altagas ALA is riskier, but it's starting to come into the cycle so, it's doing a lot better. Fortis is a steady-eddy withe nice free cash flow growth and trading at an okay 17.4x valuation, in line with AQN. They hold a lot of renewables, so it will do fine if Biden is U.S. president. It has US exposure. he likes them. He prefers Fortis. Some money has flowed out of here, so it's not trading at the top. With interest rates being a lot lower than before, all these names can trend up 10% in the future.