Fortis Inc
FTS: XTSE (CAN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CAD 93.00 | Hdnmmw | Mrwrqbtkf |
Fortis Earnings: Busy Regulatory Calendar Continues After Constructive Arizona Decision
We are maintaining our CAD 58 per share fair value estimate for Fortis after the company reported full-year 2023 adjusted earnings of CAD 3.09 per share compared with CAD 2.78 in the same year-ago period. The company increased its dividend 4.4%, in line with its 4% to 6% dividend growth outlook through 2028. Fortis does not issue earnings guidance.