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This summary was created by AI, based on 24 opinions in the last 12 months.

Based on the reviews, it can be summarized that Fortis Inc. (symbol FTS-T) is a stable utility company with a strong history of dividend growth and a regulated, visible, and defensible cash flow. The company has a solid yield of 4-4.5% and plans to continue growing its dividend at a steady rate out to 2028. While the stock has been affected by rising interest rates, experts believe it presents a good buying opportunity in the utility sector.

Consensus
Stable
Valuation
Fair Value
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
PARTIAL BUY
Fortis Inc.

Unfortunately, these stocks aren't working yet; they're later-stage stocks in terms of AI and EVs, which will demand a lot more power that clean energy can supply. It's a little early for names like FTS, but they will benefit. Interest rates remain high which hurts these stocks. So, be patient and collect the 4.5% dividend which they have grown the past 5 years.

electrical utilities
COMMENT
Fortis Inc.
Fortis vs. ZWU

ZWU's covered call will pay a higher dividend, though FTS' is solid and growing. ZWU pays more income because you're selling calls. The downside is that as interest rates decline, utilities will improve and you will lose that upside if you hold ZWU and not a plain ETF or Fortis itself. If you are positive utilities, don't use a covered call ETF.

electrical utilities
BUY
Fortis Inc.

Core holding. Should benefit if rates start coming down. Electricity and gas distribution and transmission, not generation. As we consume more electricity via EVs and power to data centres, will benefit utilities. Cashflows are regulated, visible, highly defensible. Yield of 4.4%, increased regularly with plans to continue in 4-6% range out to 2028.

electrical utilities
BUY
Fortis Inc.

Has raised its dividend for 50-straight years. A steady, consistent dividend-grower that they plan to grow 4-6% annually through 2028. That's an 8-10% total return. FTS hasn't done much in recent years given interest rates rising, but when they fall, FTS will benefit.

electrical utilities
BUY
Fortis Inc.

Editor's Note: The question was on utilities and her response included Fortis and Emera. Utilities are lower volatility in the long term and come with a nice yield. There is more growth ahead that we haven't seen for the past 5 to 10 years. Rising rates give a better ROE. She likes Fortis and Emera with Emera showing a little more growth and a yield of 6%.

electrical utilities
WEAK BUY
Fortis Inc.
FTS vs. ENB vs. TRP for income in an RRSP.

ENB has lots of debt, which the company has indicated it's going to reduce, which means slower dividend growth over time. Yield is 7.6%.

FTS is less levered. For a pure income play, he'd choose this one over ENB.

His favourite play in the entire sector is TRP. Less levered than ENB. Healthy dividend yield, with more room for growth. More room for growth in general. 

electrical utilities
BUY
Fortis Inc.
As a 5-year hold

Pays a 4.1% yield. They've increased that dividend the past 50 years, which is key. They recently announced their forecast of rate growth of 5-6% for the next 5 years, and dividend growth of 4-6%. A slow, steady grower. Was hit last year by rising rates, but should benefit from declining rates this year.

electrical utilities
PARTIAL BUY
Fortis Inc.
Dividend sustainable? Payout ratio? Good for RRIF? Good entry point?

5 decades of straight dividend increases every year. You won't find a more sustainable dividend. Yield of 4.2% is lower, so not a ton of income, but sustainable and growing. Core position for him. Hopes it'll be around forever; it gets dark every night, people need to turn the lights on. High payout ratio, but not uncommon for utilities, and payout ratio on cashflow is very conservative.

He likes to buy below $50. But sometimes you just have to hold your nose and buy it. For new clients, he buys half, waits 6-12 months for a dip. If none appears, he goes ahead and buys the rest, because you want to at least get on the train for those dividends, rather than waiting forever for the right price and it never comes around.

electrical utilities
PAST TOP PICK
Fortis Inc.
(A Top Pick Nov 02/22, Up 11%)

They've done very well in the U.S. Have been great acquirers which should continue, as should dividend increases.

electrical utilities
HOLD
Fortis Inc.

Performance of utility style stocks has been under pressure from rising interest rates. Expecting better performance going forward. Increased demand for electricity will be good for business. Dividend is safe. Good for long term investors. 

electrical utilities
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Fortis Inc.(FTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 19

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 21

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, 21 stock analysts published opinions about FTS-T. 19 analysts recommended to BUY the stock. 0 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?

21 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 2024-07-22, Fortis Inc. (FTS-T) stock closed at a price of $55.81.