Fortis Inc T.FTS

?????

[Vega1357]

Does anyone know why FTS and EMA are getting beaten up today?

[Shadow1973]

Hi Vega! Wasn't sure if you were still holding FTS! I keep posting saying that rising yields on bonds are impactiing utilities. Are you still a buyer here?

[Vega1357]

I tend to agree with you but today's drop is mostly impacting FTS and EMA and some of the utitities stocks are up on the day. I don't have any cash left to buy any more FTS, but if I did, yes, I would be a buyer here.

[Tommy123]

This post has been removed in accordance with Community Policy

[Shadow1973]

The last time FTS closed lower than this was in March, so not sure how much more downside is in the cards. 

[Vega1357]

Well, I don't think you can see straight. The yield on the Canada 10 year bond is 1.21% while the dividend yield of FTS if 4.02%. That makes the yield differential 2.81% which is at the high end of the historical range. That makes FTS a very attractive buy at current prices. Furthermore, according to Marketbeat, the average analysts' price target for FTS is $59.50 which gives it an 18

[mydividends]

I was going to mention something similar Vega. From the WSJ: "The yield on the benchmark 10-year Treasury note finished Friday’s session at 1.344%, according to Tradeweb. That’s up from 1.286% at Thursday’s close and marks the largest one-week gain since Jan. 8. The 30-year bond yield rose to 2.140% Friday—the highest level in a year—from 2.076% Thursday." I'm assuming then that