To address this downgrade.. Robert Kwan over at RBC Capital Markets downgraded Fortis from sector outperform to sector perform and maintains his initial $60 price target. The downgrade is not a downgrade in terms of value or earnings outlook, it is simply a forecast that Robert sees investors using Fortis as a source of funds in the future. I will take this as an opportunity to add more at this price. All is well 👍
i
On Bloomberg was just recommended as a top pick by Christine Poole
f
P/E sub-20, falling stock price and a downgrade states that upcoming earnings announcement will be a letdown. In at Can.$41.90 a couple years back. I'll sit back and collect the dividends for now and will add in increments as it rises.
R
Hey guys, compared to Emera, I see much more trading volume on Fortis and I see more people posting about it here as well. What made you guys choose Fortis over Emera? For me, both of them seem like a solid company and it's good to have both, but I chose Emera because of a slightly higher dividend yield. Of course, if I had more money, I'd love to buy Fortis at this price as well. Good luck to us all
J
I’m waiting for $50.50 CDN. At this price, ya get 4% dividend, which is an excellent price and yield for Fortis stock
A
I've been looking at this stock for quite a bit and this is the biggest down since a few months, should I get in now or maybe wait a bit more? I'm new in the stock market and looking to build dividend portfolio. Thanks!
R
Not looking good
i
Averaged down. I am sure a month from now we will be back up
J
Rebound in share price starts now
R
looks like I'm a shareholder now. close to 40% of my portfolio. In at 51.05
c
falling intrest rates are good for utility companies, fts is gonna be in good shape
B
When all else fails, I can always rely on my position in Fortis. Slow and steady always wins. I am confident in the future of this company, as they have been increasing PP&E yearly while extending their services to more remote areas of the country. I was impressed with their decision to sell off certain assets with heavy NWC and free up their liquidity for more growth. Long holder 👍
S
Buy mode engaged
B
Adding more. We are STEALING shares at this price level.. wow!
P
Bought another 700 today.
P
Didnt realize BTC crashing had such an impact on FTS ;)
At this price, ya get 4% dividend, which is an excellent price and yield for Fortis stock