Buy, Sell or Hold: Fortis Inc. (FTS-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Fortis Inc. (FTS-T)

TSE:FTS

54.07

0.07 (0.13%) 1d

DON'T BUY

Less regulatory risk than EMA. Still a negative total return over the last 12 months. Yield is 4.2%.

electrical utilities

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BUY

Current share price a great place to invest. Higher interest rates will be tough on company, but business is a good long term investment. 49 straight years of dividend growth. Share price expected to grow in the long term.

electrical utilities

TOP PICK

Diversified infrastructure, primarily in gas and electric distribution. 5-year capital plan anticipates addition to rate base of 6%, so we can see pretty consistent dividend increases between 4-6%. Already a consistent dividend grower. Earnings in USD give a hedge against the CAD. Yield is 4.28%. (Analysts’ price target is $56.83)

electrical utilities

BUY

Doesn't own stock, but sees current share price as good entry point. Electric/gas utility - interest rates very sensitive to business model. Very consistent business model (~4% dividend yield). Good for defensive investors.

electrical utilities

TOP PICK

Boring and defensive, and everyone needs defence. Utilities have pulled back sharply, so it's attractive to enter now. 60% of its earning are from the U.S. The renewable trend makes Fortis well-positioned, because they build transmission likes for energy. FTS itself is transitioning to green, like turning a coal-burning plant into renewables. They can grow their 4.5% dividend 6% annually through 2025. Big cash flows. (Analysts’ price target is $60.91)

electrical utilities

BUY

An electric utility company in the U.S. and Caribbean. Had good numbers in the last quarter and has increased the dividend for 49 consecutive years. Interest rates will cause some volatility but its valuation is good. Moody's and S&P have reaffirmed ratings.

electrical utilities

WEAK BUY

Well-run. In utilities, his #1 choice is Brookfield Infrastructure and Algonquin which offer stronger growth, especially AQN. Utilities have come off a lot given rising rates, so choose one with strong growth. All have robust capital programs and enjoy strong demand. Prefers AQN in this space.

electrical utilities

TOP PICK

49 years of increasing dividends. Not a huge risk to negative revisions. Rapid rise in interest rates has impacted valuation of utilities, so an attractive opportunity. Stable, predictable, consistent results that can weather the storm. Well diversified. Not a lot of funding risk. Yield is 4.27%. (Analysts’ price target is $60.91)

electrical utilities

BUY

Totally defensive which you need now. 98% of their revenue is rate-regulated utilities, so there's little risk. It has been growing for a long time. They deploy capital to wisely build their grid or repair their infrastructure. They grow their capital base, earnings and dividend by 6% annually. Shares yield close to 4%. That's a 10% return annually. Some feel the PE is too high, but he's fine with Fortis.

electrical utilities

BUY on WEAKNESS

Key to any utility is you have to factor the inflation rate into your return. If inflation gets sticky, around 5-6%, you'll have a negative rate of return. You want to get this on sale, especially important if you hold it in a taxable account. If inflation goes back to 3-4%, it's not that big an issue. Dividend safe, well-run.

electrical utilities

COMMENT

A long term hold with regular cash flow along with slow growth. He prefers AES Corporation since it has more growth especially with the renewables.

electrical utilities

HOLD

Pretty low beta, about half of the TSX. Utilities tend to do well in economic downturns, and they've done well recently. As we get into the early stages of the next cycle and economic stability, utilities may fall off a bit. Nice yield of 3.6%.

electrical utilities

BUY

A dividend stock for a young investor? Find a dividend-grower like this, growing for 50 straight years.

electrical utilities

BUY

As part of his barbell approach, he has pretty good exposure to staples and utilities, and dividend growth in particular. Great record of growing dividend. Yield of 3.5%, growing at 6-7% a year. Won't shoot the lights out if there's a strong market from here, but it will be a steady performer.

electrical utilities

DON'T BUY

It has risen up to its intrinsic value so not much left in the stock.

electrical utilities

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Fortis Inc.(FTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 14

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 2

Total Signals / Votes : 17

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, 17 stock analysts published opinions about FTS-T. 14 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?

17 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 2022-12-02, Fortis Inc. (FTS-T) stock closed at a price of $54.07.

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Fortis Inc.(FTS-T) Rating

Fortis Inc.(FTS-T) Frequently Asked Questions

What is Fortis Inc. stock symbol?

Is Fortis Inc. a buy or a sell?

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

Why is Fortis Inc. stock dropping?

Is Fortis Inc. worth watching?

What is Fortis Inc. stock price?