TSE:FTS

Fortis Inc. (FTS.TO)

77.30
+0.38 (0.49%)
as of Jun 9, 2026, 2:56:39 pm Market Open.
1463 watching
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Investor Insights
star iconJun 9, 2026, 12:00 am

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.

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Consensus
Hold
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Valuation
Fair Value
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Similar
AQN
TOP PICK
It is a boring utility, regulated. Dividend just under four percent. They have defensible cash flow streams. She likes the dividend growth. The payout ratio is very reasonable at 65% of cash flow. (Analysts’ price target is $57.93)
STRONG BUY
Trading weakly, but he can't explain why. Good reason to buy. One of the best managed companies in the world. Lots of positives ahead. Diversified. Democratic sweep in Congress could mean higher corporate taxes, which is actually good for utilities. Will participate in the renewable transition. Long secular trend for the company.
PAST TOP PICK
(A Top Pick Dec 12/19, Up 4%) She would buy it with new money. It is a consistent dividend grower. They have a nice presence in the US.
PAST TOP PICK
(A Top Pick Dec 03/19, Up 3%) A diversified company in terms of types of utilities and energy transportation. They are also in several markets and regulatory environments. Going back to more regular economic activity, companies like this that are stable will represent good opportunities with good yields.
SELL
Sold it on valuation concerns, and seems to have stagnating earnings, though they continue to boost the dividend. Not timely now. Best of breed on the TSX. It's in the low beta, high yield, defensive category that could be a source of funds for better opportunities.
BUY

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

HOLD

FTS vs. EMA Utility stocks are safe to own in times of fear. Fortis is one of the best managed utilities in Canada, with Emera right behind it. He wouldn't sell if you're holding for income. They'll gradually get back some of the money lost as time goes on.

PAST TOP PICK
(A Top Pick Nov 12/19, Up 9%) Very stable, defensive income stock. Plan to increase dividend annually by 5% until 2025, and they have the capital to do so. Visible dividend growth, with a 47-year track record. Yield around 3.8%.
TOP PICK
Future is taking power from renewables and nat gas, instead of electricity, and distributing it. When you have a monopoly, you get paid for that retrofitting. Dividend has grown every year for nearly 50 years. Yield is 3.80%. (Analysts’ price target is $58.33)
STRONG BUY
Pounding the table on utilities, which will benefit big time from low interest rates. Earnings and dividend growth potential is high compared to telecoms, banks, and insurance companies. Highly recommends adding it to your portfolio.
TOP PICK
Owns it as an income stock. Especially attractive in this low interest rate environment. 99% of its assets are regulated, so not impacted by economic cycle. Visible cashflow stream. Attractive yield, and proven track record of increasing yield. Yield is 3.71%. (Analysts’ price target is $57.93)
BUY

FTS vs. H Likes Hydro One, with an OK growth rate, but it's expensive. AQN and FTS are trading at better levels than Hydro One with nice growth rates and dividend growth. Pretty safe area, but a mistake to buy at the top of the range.

BUY

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

STRONG BUY
FTS boasts 45 years of straight dividend rises. A core position of his. FTS will benefit from the reshaping of the U.S. energy grid which is moving towards renewables. FTS will have to rework their big transmission company from coal-fire generation plants to renewable ones in other areas. Great managers and fine future prospects. This will make new highs for decades to come.
BUY

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.

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