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FORTIS INC.FORTIS INC.FORTIS INC.

FORTIS INC.

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12F trade ideas

Fortis FTS - Priced in at the momentI have a position in FTS which I will be selling. _________________________________________________________________________________________ Fortis released their annual earnings report: www.fortisinc.com Fortis is an electric and gas provider, diversified in the North American market as well as Caribbean countries. I would highlight that this is one of those boring slow/long type of holdings, Fortis would not make you insane returns quickly, but I think it is a defensive position in a long term portfolio, I own a very small position, for the purpose of being able to put more money into it should the price become more appealing later. They are diversified by region, and are on plan to reduce carbon emissions by 75% by 2035 and move into responsible energy production. Fortis is also a dividend stock and they sustained 45 years of increasing dividend payments to shareholders. I wont make a long post here, I just wanted to pencil out my personal price targets (Note for my self mostly) EPS (TTM) 2.61 Analyst expected growth rate 5.06% (which is not attractive) Average PE ratio over 5 years 18.8 Anticipated EPS in 5 years 3.34 = $ 62.79 ___________________________________________________________________________________________ Based on a 15% return each year, Fortis be attractive today at $32 (IMO).
TSX:FTS
by tsx_trader
FORTIS: A World Renowned Dividend Aristocrat with StabilityFortis is one of my favourite companies: after all, in an unstable environment that we are currently in, with a likely recession right before our eyes, investors should be seeking undervalued, defensive and dividend aristocratic stocks. I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has actually seen remarkable growth over the past several years and decades and has a nice uptrend with a 46+ consecutive year in dividend hikes; another one of my favourites is TC Energy (TRP). Another benefit is that Fortis has nearly 100% regulated utilities which means they own all the infrastructure in which they supply. This offers investors with growth and stability. Technically speaking the stock has actually broken out of about a 30+ year channel to the upside and should see multiple expansion, especially as people flock to defensive stocks like utilities once again. Growing EPS and only trading at about 14x P/E is quite cheap in this market and I wouldn't be surprised if we see Fortis topping 70 bucks in 2020. In general, most dividend aristocratic stocks usually have relatively poor growth over many years and/or are somewhat unstable, however, Fortis represents one of the few shining lights. As I have said numerous times, this is not the market you want to be on the offensive. I pin momentum stocks like Apple and Microsoft having a minimum of 15% more downside than current price - and thats assuming the environment does not drastically worsen (which could be rather improbable betting against that). Stay cautious and play safe and don't listen to the cows on CNBC saying to "buy all dips at all times". - zSplit
TSX:FTSLong
by PaulDeep19131
Extended 5th wave into a cup and handle.We can see a bearish harami which may signal the start of wave 4 and it is coming down from an extremely high rsi of 87 with the macd ticking down. We can see that the 55 ema is approaching the trend line ,which in my opinion is a likely pivot point as it will be a point of both static and dynamic support. But there is also other areas of support that may coincide where the 21 ema is to signal the start of wave 5. Moreover, taking a look on the weekly (and monthly)we can see that it is on an up trend favoring this play.
TSX:FTSLong
by gNnairdA
possible longterm breakout soonLooking at the Daily chart we can see that the 200 EMA was rejected 4 times. Furthermore, it is confluent with an important resistance area around 51.50. There was a recent rejection on November 12 as well on the 26. one thing to notice was how large the volume was on November 26th ending with an important bull victory. The RSI has a bullish divergence if you look closely. Not sure how high it will be but it looks like a large bull flag from the weekly chart and will likely another critical point of 57.00. If bulls win that battle then potentially another large breakout will ensue. If not it may be a reversal.
TSX:FTSLong
by gNnairdA
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