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Investor Insights

This summary was created by AI, based on 25 opinions in the last 12 months.

The experts generally agree that Fortis Inc. is a well-managed company with a consistently increasing dividend. The recent interest rate cuts have benefited the stock, but concerns about long-term rates rising and potential debt issues pose limitations. Despite this, the stock is seen as a core income name with strong cash flows and a diverse business profile. There is confidence in the sustainability and growth potential of the dividend, making it a suitable long-term investment.

Consensus
Positive
Valuation
Fair Value
PAST TOP PICK
Fortis Inc.
(A Top Pick Oct 06/23, Up 20%)

Is tied to interest rates. Long rates have rebounded lately. A very well-managed company with 51 straight years of raising their dividend. It will remain a core position.

electrical utilities
COMMENT
Fortis Inc.

Benefits from recent interest rate cuts, but note that long-term rates are actually rising and this will limit dividend stocks like this. Why? Concerns of inflation returning, or signs of a strong economy coming, but also there could be a debt-maturing wall coming. There's $300 trillion of debt around the world. Fortis pays a 4% dividend, but doesn't grow much. So, considering interest rates ahead, he may exit this at the end of 2025.

electrical utilities
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Fortis Inc.

Fortis currently pays 4.09% and will raise that by 4.2%. The dark days of interest rate hikes are over, and the expected cuts are certainly working in Fortis' favour. A favourite of Stockchaser Trevor Rose and much of Bay Street, Fortis trades at 18.88x PE which is below its median average of 19.77x. This despite shares rallying 5.5% over the past three months.

electrical utilities
BUY
Fortis Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

It is true that lower rates should otherwise be a tailwind for businesses with leveraged balance sheets. In fact, FTS has recovered meaningfully to reach 52-week highs recently. We think for a conservative name like FTS its performance is quite good. The upside potential from the interest rate tailwinds may not be as attractive as it used to be, but we think FTS is still a high-quality dividend payer. We think FTS can do well from here for shareholders with a potential total return of around 10% annualized return over the long-term. 
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electrical utilities
HOLD
Fortis Inc.

Mostly electricity distribution. Successful cashflow generation. Core income name. Utilities in US are a big part of its profile. Data centre demand is a growth opportunity, but will take many years. Yield is 3.5%, dividend increases every year.

(Analysts’ price target is $59.96)
electrical utilities
DON'T BUY
Fortis Inc.

It is down now because of interest rates. It is one to buy when rates move up. He owns it but it is a good time to trim and take some profits.

electrical utilities
PAST TOP PICK
Fortis Inc.
(A Top Pick Aug 25/23, Up 16%)

A core income stock. Highly defensible with strong cash flows. Half their business is in the US. A $25 billion capital spending plan allows them to raise the dividend 4-6% annually through 2028. Benefits from data centre builds. A long-term hold.

electrical utilities
DON'T BUY
Fortis Inc.
TRP or FTS for safe dividends?

Take a look at ZWU, broadly diversified, higher yield than individual names. He'd much rather have exposure to that, better profile for income seekers. 

Both TRP and FTS have rallied significantly, so it's not favourable from a risk/return standpoint. He buys into corrections and weakness instead.

electrical utilities
BUY
Fortis Inc.

He hears that more AI use needs more energy and therefore more energy from utilities, but heard this noise in 2020 that higher internet use would drive utility demand. He doesn't totally buy into that, but he likes Fortis' dividend in a market where interest rates continue to decline. Dividend stocks will continue to rally. Likes this long term.

electrical utilities
BUY
Fortis Inc.

It is not a steeply trending stock but is one of the best managed in Canada. He is buying for clients for a long term hold. The dividend and dividend growth are both in the 4 to 6% range over time.

electrical utilities
TOP PICK
Fortis Inc.

For income seekers, retirees. Very defensive. Trades 19x PE usually, but is now 16x. Have a diverse business in Canada. Not a screaming grower like all utilities, but offers reasonable growth, more than other utilities, and it pays a 4.5% dividend.

(Analysts’ price target is $57.15)
electrical utilities
PAST TOP PICK
Fortis Inc.
(A Top Pick Jun 13/23, Down 1%)

She's buying here. You always want to allocate some part of your portfolio to a defensive stock like this. Not the highest yield, but attractive, under 4%; increases it annually by about 5%. Longer term, has outperformed TSX. Holding for any AI play is way down the road.

electrical utilities
BUY
Fortis Inc.

It is the second largest diversified utility in Canada and is better than other utilities. Since it is a bit cheaper it is OK to buy now. She likes the diversification.

electrical utilities
HOLD
Fortis Inc.

Transmission and distribution of electricity. About 99% of cashflows are regulated, which makes it steady-eddy, boring, and that's why he likes it. Over 50 years of dividend increases. Regionally diversified. Solid dividend. 

electrical utilities
BUY
Fortis Inc.

Utility names have all gone down aggressively, it's the interest-rate sensitivity of it all. One of his go-to names. All are very undervalued, but strong dividend yields, so attractive for people looking for income. 

Likes the global growth profile of BIP.UN and the NA one of FTS.

electrical utilities
Showing 1 to 15 of 697 entries

Fortis Inc.(FTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 3

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 22

Stockchase rating for Fortis Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Fortis Inc.(FTS-T) Frequently Asked Questions

What is Fortis Inc. stock symbol?

Fortis Inc. is a Canadian stock, trading under the symbol FTS-T on the Toronto Stock Exchange (FTS-CT). It is usually referred to as TSX:FTS or FTS-T

Is Fortis Inc. a buy or a sell?

In the last year, 22 stock analysts published opinions about FTS-T. 17 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fortis Inc..

Is Fortis Inc. a good investment or a top pick?

Fortis Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Fortis Inc..

Why is Fortis Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Fortis Inc. worth watching?

22 stock analysts on Stockchase covered Fortis Inc. In the last year. It is a trending stock that is worth watching.

What is Fortis Inc. stock price?

On 2024-12-06, Fortis Inc. (FTS-T) stock closed at a price of $62.98.