TSE:FTS

Fortis Inc. (FTS.TO)

82.38
+1.12 (1.38%)
as of Jul 22, 2026, 5:11:26 pm Market Open.
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Investor Insights
star iconJul 22, 2026, 12:00 am

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.

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Consensus
Hold
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Valuation
Fair Value
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BIP.UN
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.

HOLD

FTS vs. EMA Emera reported pretty good numbers. Both have foreign exposure. Both have growth to them and over 4% yield. Operating risk, but not political risk per se. Both are fine holds.

TOP PICK
A high-quality and the most defensive Canadian utility. 99% of revenues are regulated. They made an acquisition a few years ago to gain U.S. exposure, so there's growth opportunity there. Pays a safe 3.5% dividend that the company will grow 6.5% annually till 2024. Their capital program ensures 6.5% growth ahead. (Analysts’ price target is $58.18)
TOP PICK
Boring is good. Time to be cautious. The market's gone up a lot, and the valuations aren't justified. A very stable company, 65% of revenue comes from regulation, solid balance sheet, and plan to raise the dividend. Yield is 3.54%. (Analysts’ price target is $58.18)
PAST TOP PICK
(A Top Pick Jul 30/19, Up 7%) It's a steady eddy that's increased its dividend about 49 years in a row. It's in an unloved sector, but he still owns this. He's sticking with it.
BUY

Allan Tong’s Discover Picks For income investors and for defense, this utility (which serves Canada, the U.S. as well as the Caribbean) offers a certain 3.63% dividend yield and trades at a PE of just over 14x. I say certain, because Fortis has no exposure to commodity prices and has raised its divvy for 46 straight years. Read Top 4 BNN Stock Picks to Buy this Summer for our full analysis.

BUY ON WEAKNESS
Safe dividend? He thinks it will likely fall back towards book value -- just under $43. He prefers holding US assets. He thinks the dividend is safe.
TOP PICK
He wants to be defensive right now. A multi-utility operating in Canada and the US. 99% of their assets are protected, so this protects them from volume declines and they have no exposure to commodity prices. They have increased the dividend for 46 years consecutively. Yield 3.66% (Analysts’ price target is $57.71)
BUY
He is not bullish on the utilities because they are expensive and are defensive. But he holds this one as it stands out amongst the others.
BUY
Buy more? They own this one and have for a number of years. They have continued to buy around $52-$53. She thinks the dividend is safe and will continue to grow. Yield 3.5%
BUY
Their investments in Muskrat Falls He likes this because a portion of their business is regulated--that's a predictable cash flow they can then reinvest, like all utilities. They pay a growing dividend, excellent for income investors. Doesn't know about the Falls, though.
COMMENT
Utilities? He has owned a lot of AQN and FTS -- they have done well with interest rates going down. As long as government money is flowing, the lights will all stay on. He might wait to buy AQN in the $18 range.
TOP PICK
It's held up relatively well. They have a $19 billion plan to build in coming years. He expects 5-7% earnings growth through 2024. A safety utility play in this environment. (Analysts’ price target is $58.98)
PARTIAL BUY
200 day moving average? It has been a great performer and has benefited from lower interest rates. With interest rates looking to go lower, if you don't own it already this is a high quality utility to own. It is still a little expensive and he will be buying if it takes another flush lower.
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