Fortis Inc. | StockChase
494
Fortis Inc. (FTS-T)

Last Price Recorded: $41.6000 on 2018-05-19

ON STOCKCHASE SINCE Dec 2000

electrical utilities
494
Fortis Inc. (FTS-T)

Last Price Recorded: $41.6000 on 2018-05-19

ON STOCKCHASE SINCE Dec 2000

electrical utilities

Fortis Inc.


Signal Opinion Expert
COMMENT
Fortis Inc.(FTS-T) 

May 17, 2018

A regulated utility. The tier 1 of the complex. Likes the way the company is set up. Negative $1.2 billion working capital. (Analysts’ price target is $48)

electrical utilities

A regulated utility. The tier 1 of the complex. Likes the way the company is set up. Negative $1.2 billion working capital. (Analysts’ price target is $48)

electrical utilities
Prakash Hariharan

Portfolio Manager, Analytixinsight Inc....

PricePrice
$41.420
Owned Owned
No

HOLD
Fortis Inc.(FTS-T) 

April 19, 2018

It is a great company.  It is a growth utility.  Because they are interest sensitive and interest rates have moved up, they have come down.  There is nothing wrong with the company.

electrical utilities

It is a great company.  It is a growth utility.  Because they are interest sensitive and interest rates have moved up, they have come down.  There is nothing wrong with the company.

electrical utilities
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$42.530
Owned Owned
Unknown

PAST TOP PICK
Fortis Inc.(FTS-T) 

April 19, 2018

(A Top Pick Jul 21/17, Down 2.34%)  The interest sensitives have been weak.  Everyone is losing on the interest rate bet.

electrical utilities

(A Top Pick Jul 21/17, Down 2.34%)  The interest sensitives have been weak.  Everyone is losing on the interest rate bet.

electrical utilities
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$42.530
Owned Owned
Yes

DON'T BUY
Fortis Inc.(FTS-T) 

April 2, 2018

They're raising $500 million to fund their growth projects; they don't have enough capital growth to fund them. They get into a cycle: they increase their dividends to drive the stock price higher, make acquisitions, then buy more stock, then increase their dividends and so on. It makes it look like things are working out, like Enbridge. They're highly levered. They're not sufficiently funding their business. They sell more stock, but then they have to pay more dividends. If interest rates take a big hike, dividend stocks like this will be a disaster.

electrical utilities

They're raising $500 million to fund their growth projects; they don't have enough capital growth to fund them. They get into a cycle: they increase their dividends to drive the stock price higher, make acquisitions, then buy more stock, then increase their dividends and so on. It makes it look like things are working out, like Enbridge. They're highly levered. They're not sufficiently funding their business. They sell more stock, but then they have to pay more dividends. If interest rates take a big hike, dividend stocks like this will be a disaster.

electrical utilities
John O'Connell, CFA

Chairman and CEO, Davis Rea...

PricePrice
$43.640
Owned Owned
Unknown

BUY
Fortis Inc.(FTS-T) 

March 20, 2018

He owns both Fortis and Emera. They are attractive, stable, dividend payers with similar drivers. He slightly prefers Fortis.

electrical utilities

He owns both Fortis and Emera. They are attractive, stable, dividend payers with similar drivers. He slightly prefers Fortis.

electrical utilities
Geoff Scott

Institutional Portfolio Manager, Cambridge Global Ass...

PricePrice
$43.260
Owned Owned
Yes

PAST TOP PICK
Fortis Inc.(FTS-T) 

March 8, 2018

(A Top Pick April 12/17 - Down 4.4%) Has come off along with all the other interest rate sensitive stocks. She thinks it is overdone here. She would be buying here. Electric utility company. 60% of its earnings come from US regulated. Very stable cash flow streams. Yield of over 4%.

electrical utilities

(A Top Pick April 12/17 - Down 4.4%) Has come off along with all the other interest rate sensitive stocks. She thinks it is overdone here. She would be buying here. Electric utility company. 60% of its earnings come from US regulated. Very stable cash flow streams. Yield of over 4%.

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$42.690
Owned Owned
Yes

COMMENT
Fortis Inc.(FTS-T) 

March 7, 2018

A core holding. Diversified geographically across Canada and the U.S. across different jurisdictions. Rate-based growth of 5% for the next 3-4 years and dividend growth at 6%, plus half-billion-dollar projects which are added gravy. (Analysts' price target is $47.22)

electrical utilities

A core holding. Diversified geographically across Canada and the U.S. across different jurisdictions. Rate-based growth of 5% for the next 3-4 years and dividend growth at 6%, plus half-billion-dollar projects which are added gravy. (Analysts' price target is $47.22)

electrical utilities
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$42.420
Owned Owned
Yes

DON'T BUY
Fortis Inc.(FTS-T) 

March 1, 2018

Shares have been under pressure, as has anything interest-rate sensitive, over the past few months. Fortis is different from the pipelines and other energy-focused stocks because it is an all-contracted utility. However, continuing raises in interest rates will keep putting Fortis under pressure. There is nothing wrong with Fortis but it is not yet cheap enough. For dividend stocks, he prefers something like Enbridge and Inter Pipeline.

electrical utilities

Shares have been under pressure, as has anything interest-rate sensitive, over the past few months. Fortis is different from the pipelines and other energy-focused stocks because it is an all-contracted utility. However, continuing raises in interest rates will keep putting Fortis under pressure. There is nothing wrong with Fortis but it is not yet cheap enough. For dividend stocks, he prefers something like Enbridge and Inter Pipeline.

electrical utilities
Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$42.000
Owned Owned
No

PAST TOP PICK
Fortis Inc.(FTS-T) 

February 22, 2018

(A Top Pick Feb. 1/17, Up 6%) Part of the rising interest rate environment. US tax reform will hurt Fortis for the short term, but long term, Fortis will do well. Continues to like it at these levels. Selling at just over book value and it's highly profitable. Won't be a serious downside from here. In an uncertain world, is a good name to hold. You're paid to wait.  4% dividend.

electrical utilities

(A Top Pick Feb. 1/17, Up 6%) Part of the rising interest rate environment. US tax reform will hurt Fortis for the short term, but long term, Fortis will do well. Continues to like it at these levels. Selling at just over book value and it's highly profitable. Won't be a serious downside from here. In an uncertain world, is a good name to hold. You're paid to wait.  4% dividend.

electrical utilities
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$41.710
Owned Owned
Yes

COMMENT
Fortis Inc.(FTS-T) 

February 15, 2018

Is this a buying opportunity? He thinks a lot of people would say so. Many of the utilities have been punished with the higher interest rates unnecessary. There is still always the pressure if interest rates continue to move up.

electrical utilities

Is this a buying opportunity? He thinks a lot of people would say so. Many of the utilities have been punished with the higher interest rates unnecessary. There is still always the pressure if interest rates continue to move up.

electrical utilities
Mario Mainelli, CFA

Portfolio Manager, Caldwell Investment ...

PricePrice
$40.560
Owned Owned
No

PAST TOP PICK
Fortis Inc.(FTS-T) 

February 13, 2018

(A Top Pick February 17, 2017. Down 2.63%). It pays an attractive yield, over 4%. Pulled back because of rising bond yields. She still likes it and still owns it as an income stock. It offers a stable cash flow. They are growing in Canada and the US and expect to increase their dividend 6% every year into 2021.

electrical utilities

(A Top Pick February 17, 2017. Down 2.63%). It pays an attractive yield, over 4%. Pulled back because of rising bond yields. She still likes it and still owns it as an income stock. It offers a stable cash flow. They are growing in Canada and the US and expect to increase their dividend 6% every year into 2021.

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$40.710
Owned Owned
Yes

STRONG BUY
Fortis Inc.(FTS-T) 

February 13, 2018

In the same class as Emera, squared. Fortis has increased dividend 46 years in a row. Dividend growers do the best over time. Can safely own both Fortis and Emera.

electrical utilities

In the same class as Emera, squared. Fortis has increased dividend 46 years in a row. Dividend growers do the best over time. Can safely own both Fortis and Emera.

electrical utilities
David Baskin

President, Baskin Wealth Manage...

PricePrice
$40.710
Owned Owned
Unknown

BUY
Fortis Inc.(FTS-T) 

February 7, 2018

Dividend will go up as more projects go online. Valuation is reasonable at 16x, despite a fear of rising interest rated. Strong fundmantals. All its energy is contracted or regulated. Comfortable to own this.

electrical utilities

Dividend will go up as more projects go online. Valuation is reasonable at 16x, despite a fear of rising interest rated. Strong fundmantals. All its energy is contracted or regulated. Comfortable to own this.

electrical utilities
Lorne Zeiler

Portfolio Manager & Wealth Advisor, TriDelta Financial...

PricePrice
$41.200
Owned Owned
Yes

HOLD
Fortis Inc.(FTS-T) 

February 6, 2018

Utility names, and interest-sensitive stocks generally, including Telcos, have been under pressure. If you own it, there is no rush to sell it.  He prefers Algonquin Power (AQN-T) and Emera (EMA-T)  because they have good growth profiles and that will give them better ability to raise their dividend.

electrical utilities

Utility names, and interest-sensitive stocks generally, including Telcos, have been under pressure. If you own it, there is no rush to sell it.  He prefers Algonquin Power (AQN-T) and Emera (EMA-T)  because they have good growth profiles and that will give them better ability to raise their dividend.

electrical utilities
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$41.220
Owned Owned
No

DON'T BUY
Fortis Inc.(FTS-T) 

February 5, 2018

This strong broke its uptrend. An uptrend usually shows higher highs and higher lows. This stock has broken its lows and is selling below the trendline. It has probably broken the 200-day moving average.

electrical utilities

This strong broke its uptrend. An uptrend usually shows higher highs and higher lows. This stock has broken its lows and is selling below the trendline. It has probably broken the 200-day moving average.

electrical utilities
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$42.140
Owned Owned
Unknown

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