Fortis Inc T.FTS

Disappointed

[mydividends]

I'll agree that Fortis is a well managed company, with consistant growth and dividend reliability. 

That being said, is no one else a little disappointed with the share price lately? It's down almost 9% since last year, and seems to just be stuck in the same place, despite the recent positive 2020 Q4 report. This, while the broader market continues to reach new heights everyday. Seems like there's no interest in this company....

[SargeX]

My view is that the regular, non-renewables utilities are out of favour because of the rush to pure renewables. This will eventually normalize. I also own EMA and it's been the same story. No worries for me.

[Longhaul76]

I am less concerned with the share price and more with the long term outlook and gains. Slow and steady sometimes wins the race. I have resently researched Fortis and since I don't have stock in the utilities market, I will be taking advantage of this current dip in prices. Congratulations to current share holders, I'm envious and should have bought in sooner!

[SargeX]

If you don't own any utilities, you might want to consider a 3 way split by buying AQN, EMA, and FTS. My wife and own all 3 from Jan, 2010 for EMA, Nov 2011 for AQN, and Aug 2018 for FTS. They all have been fantastic for us!!!

[Shadow1973]

...Or you buy ZUT (that includes FTS, AQN, Emera & more) and get a monthly dividend.

[SargeX]

Hey Shadow That's not a bad option if a person only has a small amount to invest (ie: under $15k). If the amount is larger than that, I'd way prefer the 3 way split. I'm not a fan of ETFs unless it's small investing amounts. They always seem to have a few holdings that I don't like. ZUT is really heavy on pure renewables and I think these are over-priced right now. I also am

[Shadow1973]

Good points, Sarge, and yes, if you only have enough for, say, 100 units of ZUT, then the ETF is the way to go. I also kind of moan when you have ETFs that carry only a handful of stocks and charge a half percent or more MER for it. For instance, people really complain about the bank ETF (ZEB) for that. .65% for just six equal weight holdings. :)

[SargeX]

Hey Shadow ETFs sure are interesitng in that there are now so many of them with such different strategies. ZEB is certainly one of the more straightforward just holding the big 6 banks so it's pretty "clean" in terms of holdings. It's also pretty "clean" in a steadily increasing distribution. As you say, people will complain about the MER nad prefer to hold the