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Fortis Inc T.FTS

Alternate Symbol(s):  FTS | T.FTS.PR.F | FORFF | T.FTS.PR.G | FTRSF | T.FTS.PR.H | FRTSF | T.FTS.PR.J | T.FTS.PR.I | T.FTS.PR.K | T.FTS.PR.M | FTPSF

Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utility businesses include ITC Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC; UNS Energy Corporation, which includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc., and CH Energy Group, Inc., which includes Central Hudson Gas & Electric Corporation. Its regulated utility businesses also include FortisBC Energy Inc.; FortisAlberta Inc.; FortisBC Inc., and Eastern Canadian and Caribbean utilities: Newfoundland Power Inc.; Maritime Electric Company, Limited; FortisOntario Inc.; FortisTCI Limited and Turks and Caicos Utilities Limited, and Belize Electricity Limited. ITC Holdings Corp. is the independent electricity transmission company.


TSX:FTS - Post by User

Comment by Vega1357on Feb 20, 2021 1:17pm
379 Views
Post# 32619027

RE:RE:?????

RE:RE:?????
Tommy123 wrote: In this environment, I see a lot of downside this year for FTS.


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% upside potential. So I think you're nuts with your prediction of "a lot of downside." I suggest you give your head a shake.

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