Fortis Inc.

FTS-T

TSE:FTS

52.79
0.39 (0.74%)
Fortis Inc. is a St. John's, Newfoundland and Labrador based international diversified electric utility holding company. It operates in Canada, the United States, Central America, and the Caribbean. In 2015, it earned $6.7 billion CAD.
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Analysis and Opinions about FTS-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 6, 2019
Looks to be rolling over. He wouldn’t be looking at utility stocks right now. There was an upward trend line that broke. If interest rates go up, fortis won’t do well. He would wait a couple more months before even looking to ré-entre.
Fortis Inc. (FTS-T)
December 6, 2019
Looks to be rolling over. He wouldn’t be looking at utility stocks right now. There was an upward trend line that broke. If interest rates go up, fortis won’t do well. He would wait a couple more months before even looking to ré-entre.
Brooke Thackray
Research Analyst, Horizons ETFs (Canada) Inc.
Price
$52.400
Owned
Unknown
TOP PICK
TOP PICK
December 3, 2019
Well-diversified across North America. $13 billion capital program will sustain a 6-7% growth rate and the dividend. Utilities are a good place to be in a cautious environment. The stock price is still good. They will focus on organic growth and their existing assets. (Analysts’ price target is $55.73)
Fortis Inc. (FTS-T)
December 3, 2019
Well-diversified across North America. $13 billion capital program will sustain a 6-7% growth rate and the dividend. Utilities are a good place to be in a cautious environment. The stock price is still good. They will focus on organic growth and their existing assets. (Analysts’ price target is $55.73)
Michael Sprung
President, Sprung Investment Management
Price
$51.880
Owned
Yes
BUY
BUY
November 14, 2019
He thinks AQN-T will probably be a hold better. He lightened up on FTS-T. He may still lighten up on the FTS-T position further. AQN-T has some other drivers to it. He thinks it will test its new high. You could buy it here today.
Fortis Inc. (FTS-T)
November 14, 2019
He thinks AQN-T will probably be a hold better. He lightened up on FTS-T. He may still lighten up on the FTS-T position further. AQN-T has some other drivers to it. He thinks it will test its new high. You could buy it here today.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$53.220
Owned
Yes
TOP PICK
TOP PICK
November 12, 2019
Has long owned this. It's pulled back given this rotation out of defensive names lately. It pays a 3.7% yield. Cash flow is stable due to revenues coming from regulated assets. They're focused on organic growth, with a backlog of projects all regulated. They will grow their dividend 6% annually through 2024. (Analysts’ price target is $56.29)
Fortis Inc. (FTS-T)
November 12, 2019
Has long owned this. It's pulled back given this rotation out of defensive names lately. It pays a 3.7% yield. Cash flow is stable due to revenues coming from regulated assets. They're focused on organic growth, with a backlog of projects all regulated. They will grow their dividend 6% annually through 2024. (Analysts’ price target is $56.29)
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$52.430
Owned
Yes
BUY
BUY
November 7, 2019
Steady eddy, good dividend. Great company, very well managed, high quality dividend. Standalone utility. Good value, but an income generating tool. If you want a bit more growth, there are other names, but they aren't pure utilities.
Fortis Inc. (FTS-T)
November 7, 2019
Steady eddy, good dividend. Great company, very well managed, high quality dividend. Standalone utility. Good value, but an income generating tool. If you want a bit more growth, there are other names, but they aren't pure utilities.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$53.550
Owned
Yes
BUY
BUY
November 1, 2019

Fortis just came out with good earnings. It is expensive at 19x. Algonquin is growing earnings per share at 15% with a lower multiple. He prefers AQN.

Fortis Inc. (FTS-T)
November 1, 2019

Fortis just came out with good earnings. It is expensive at 19x. Algonquin is growing earnings per share at 15% with a lower multiple. He prefers AQN.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$54.720
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 10, 2019
(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.
Fortis Inc. (FTS-T)
October 10, 2019
(A Top Pick Oct 24/18, Up 33%) Good dividend yield, defensive business, mid-single digit level of growth. When the market gives you a gift, sometimes you need to lock it in. Valuation is now stretched, because though stock price has appreciated, earnings have not kept pace.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$56.220
Owned
No
PAST TOP PICK
PAST TOP PICK
September 12, 2019
(A Top Pick Mar 22/19, Up 13%) He still holds it but is starting to evaluate whether he should pair back.
Fortis Inc. (FTS-T)
September 12, 2019
(A Top Pick Mar 22/19, Up 13%) He still holds it but is starting to evaluate whether he should pair back.
Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$55.320
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 9, 2019
He has done extremely well on it over the last number of years. In the last quarter they were behind expectations but it is just weather related. They are diversified. They have positioned themselves so a lot of operations are in the US now. He thinks he will see future dividend increases coming out of this company. Take a long term view.
Fortis Inc. (FTS-T)
September 9, 2019
He has done extremely well on it over the last number of years. In the last quarter they were behind expectations but it is just weather related. They are diversified. They have positioned themselves so a lot of operations are in the US now. He thinks he will see future dividend increases coming out of this company. Take a long term view.
Michael Sprung
President, Sprung Investment Management
Price
$55.430
Owned
Yes
PARTIAL SELL
PARTIAL SELL
September 3, 2019
It's done very well this year. But as an interest-sensitive stock, they've all fed off a massive decline of bond yields. He will sell a bit of this. The dividend isn't high enough for him.
Fortis Inc. (FTS-T)
September 3, 2019
It's done very well this year. But as an interest-sensitive stock, they've all fed off a massive decline of bond yields. He will sell a bit of this. The dividend isn't high enough for him.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$56.330
Owned
Yes
COMMENT
COMMENT
August 28, 2019

Sell 25% of his telecoms and utilities like Fortis, and buy REITs? It's a good plan to diversify. Summit REIT is good. The utilities like Emera, Fortis and NPI-T are great stocks to own now--they're regulated, earnings growth backed in and the multiples are reasonable. They still have upside, and so do the REITs.

Fortis Inc. (FTS-T)
August 28, 2019

Sell 25% of his telecoms and utilities like Fortis, and buy REITs? It's a good plan to diversify. Summit REIT is good. The utilities like Emera, Fortis and NPI-T are great stocks to own now--they're regulated, earnings growth backed in and the multiples are reasonable. They still have upside, and so do the REITs.

James Telfser
Partner & Portfolio Manager, Aventine Management Group
Price
$54.650
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 23, 2019
(A Top Pick Aug 09/18, Up 33%) When he recommended it, there was volatility. You get a dividend, but also growth. Interest rates moving down, the REITs and utilities have performed well. Doesn't own it anymore since the stock grew so well. Good for income investors.
Fortis Inc. (FTS-T)
August 23, 2019
(A Top Pick Aug 09/18, Up 33%) When he recommended it, there was volatility. You get a dividend, but also growth. Interest rates moving down, the REITs and utilities have performed well. Doesn't own it anymore since the stock grew so well. Good for income investors.
Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$54.030
Owned
No
HOLD
HOLD
July 30, 2019
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%
Fortis Inc. (FTS-T)
July 30, 2019
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%
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$52.020
Owned
No
TOP PICK
TOP PICK
July 30, 2019
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)
Fortis Inc. (FTS-T)
July 30, 2019
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)
David Baskin
President, Baskin Wealth Management
Price
$52.020
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 24, 2019
(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%.
Fortis Inc. (FTS-T)
July 24, 2019
(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%.
Michael Sprung
President, Sprung Investment Management
Price
$51.880
Owned
Yes
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