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Investor Insights

This summary was created by AI, based on 23 opinions in the last 12 months.

Fortis Inc. (FTS-T) is a stable and consistent dividend grower that has raised its dividend for 50 straight years. The company plans to increase its dividend by 4-6% annually through 2028, providing a total return of 8-10%. While the stock has been impacted by rising interest rates, it is expected to benefit from declining rates in the future. Overall, experts view Fortis as a core income stock with visible dividend growth and a sustainable yield of around 4.2%.

Consensus
Stable
Valuation
Fair Value
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
BUY
Fortis Inc.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

FTS is a stable utility company, with a good market cap of $27B, a decent forward P/E of 17.2X, and a strong yield of 4.3%. Most utility stocks sold off over the past few months due to fears of 'higher-for-longer' and elevated interest rates, however, we believe that this presents a good buying opportunity in utility stocks as expectations for rates can change rapidly, and its yield of 4.3% can become suddenly attractive.
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electrical utilities
BUY
Fortis Inc.

Group as a whole has pulled back because of rising interest rates. With interest rates stabilizing in the past month, stocks are catching up. Good sector for income. Her core utility name, well positioned in US and Canada. Dividend growth profile is very visible.

electrical utilities
PAST TOP PICK
Fortis Inc.
(A Top Pick Jan 20/23, Up 2.17%)

About 48 years of dividend growth. Low beta and trades at a low PE like all utilities as the market has been buying high-yielding bonds. Those yields should peak in 6-12 months, which will lead to names like this to climb again.

electrical utilities
PAST TOP PICK
Fortis Inc.
(A Top Pick Oct 18/22, Up 7.6%)

It is a core income stock and has increased its dividend every year for 50 years. It has stable cash flow with a 4 1/2% yield.

electrical utilities
BUY
Fortis Inc.

Likes their US expansion and their debt management. Well-run. Good to buy at these levels. All utilities have been hurt by high interest rates, but they will stabilize. 

electrical utilities
TOP PICK
Fortis Inc.

50 years of dividend increase (longest in Canada). Current share price presenting lots of buying opportunity. ~4% yield + 3-5% dividend growth going forward. Owns shares in the company. Excellent long term pick.

electrical utilities
WATCH
Fortis Inc.

Has owned this before. He likes the regions they're in (Maritimes, BC) and have made good acquisitions. Well-managed, but is battling higher interest rates. Buy this when the Fed halts or cuts interest rates.

electrical utilities
TOP PICK
Fortis Inc.

Core income stock. Time to build a position. Reaffirmed annual dividend growth of 4-6% until 2028. Investment-grade balance sheet. More than 50% of revenues are from US. Reasonable payout ratio. Yield is 4.3%, and grows every year.

(Analysts’ price target is $57.95)
electrical utilities
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Fortis Inc.(FTS-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 18

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

18 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 2024-02-21, Fortis Inc. (FTS-T) stock closed at a price of $53.79.