Fortis Inc.

FTS-T

He would call this a hold right here. He does not own it. Along with capital growth, he expects an annual return over 7%. A safe company. Yield 3.5%

A boring stock. Has raised its dividend 46 years in a row, plus the stock has gone up. A steady eddy. It won't miss a beat in a recession. It's the opposite of volatile and steady eddy. (Analysts’ price target is $54.17)

(A Top Pick Jul 16/18, Up 26%) Diversified across several regulatory fronts in the US in power generation and origination. Well financed. Well valued. He continues to hold it. Yield 3.5%.

The chart looks great and has had a good run since start-2018. Don't sell it. If you trade, sell half.

It trades at a discount to US peers. Returns in Canada are lower than in the US. They have 40 years of consecutive dividend growth.

He does not own this as there are only so many he can hold. This is a growth utility that has executed well on its strategy. A good stock to own. Yield 3.4%.

It is well above the 200-day moving average. It is going to correct. If you want to collect the dividend is OK but if you are a growth investor you should sell.

(A Top Pick Jun 08/18, Up 31%) A boring utility company, but the change in interest rates allowed this to soar. A very defensive holding with a stable cash flow stream. The company has projects in place and interests in the US. Cash flow is projected to grow for the next 5 years. Yield 3.5%

(A Top Pick Mar 22/19, Up 5%) Been on an uptrend since January. It's making a new high. Buy it--it'll keep making new highs, but if interest rates rise, you don't want to own utilities.

It had a nice run on lower interest rates and the safe haven status. It is probably a better time to take some profits than to buy in. But don't get rid of all your utilities. This is a good time to take some money off the table.

(A Top Pick Jun 06/18, Up 31%) Has pulled back profits, based on valuation vs. where he thinks rates will be in the next 6-8 months. Benefits from lower interest rates.

Top choice for a utility stock in Canada. Skilled at making acquisitions. Longest run, with Canadian Utilities, of raising dividends for over 40 consecutive years. Safe and steady, though upside may not be as high as some others. As long as you're prepared to hold for the long term. Yield is 3.6%.

Emera vs Fortis Utilities have done quite well after a weak 2018. These are not sexy growth stories, but they will let you sleep at night and pay a good, rising dividend.

Utilities are a good place to be in the late cycle. But Fortis is expensive here.

$37.56 is his target price. He'd buy it at $39, $10 below the current price. We might see that. Not a fan of this.