
TSE:FTS
This summary was created by AI, based on 8 opinions in the last 12 months.
Fortis Inc. (FTS-T) is recognized as a solid utility investment, particularly appealing for income-focused investors due to its reliable dividend, which is projected to grow over the coming years. Analysts highlight the company's core utility operations, underscored by a substantial $26 billion capital plan aimed at increasing its rate base by 6.5% annually through 2029. While Fortis is not perceived as an exciting growth stock, its expected total returns in the range of 8-10% annually make it a durable option in the utility sector. The company is strategically positioned, with a significant portion of its earnings derived from U.S. regions poised for data center expansions. Analysts generally advise patience for potential pullback opportunities before initiating new buys, reflecting a cautious yet favorable outlook for long-term investors.
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
In an unloved sector, but this offers a fine dividend yield with upside. Emera, too. If the TSX moves upward, then FTS will underperform, but if we move sideways, this stock will do relatively well in comparison. Also, very cold weather like now helps these utilities. A boring, but core name. All told, this should return you 8-10%.