
TSE:FTS
This summary was created by AI, based on 13 opinions in the last 12 months.
Fortis Inc. (FTS-T) has garnered a variety of opinions from experts, predominantly viewing it as a solid utility investment with a dependable dividend yield of around 3.3%. Despite its consistent history of dividend increases, projected growth remains modest at approximately 5% annually. Many analysts appreciate the company's stability and position in the utility sector, especially amidst the increasing demand due to data center expansions. However, there are concerns about its current valuation, with some suggesting waiting for a better entry point around the low $70s. Overall, Fortis is considered a reliable choice for investors seeking steady income and reduced volatility, though it may not deliver significant capital gains comparable to growth stocks.
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.
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.
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.