Fortis Inc

FTS: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Fortis Earnings: Transmission and Data Centers Support Long-Term Growth

Andrew Bischof

Nov 5, 2024

We are maintaining our CAD 59 fair value estimate for Fortis after the company reported third-quarter adjusted earnings per share of CAD 0.85 compared with CAD 0.84 in the year-ago period. The company maintained its 4%-6% annual dividend growth guidance through 2029, in line with our expectations.

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Fortis Inc

Fortis Earnings: Transmission and Data Centers Support Long-Term Growth

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