TSX:FTSElectric Utilities
Fortis (TSX:FTS) Stock Looks Discounted On Earnings Yet Premium On Sector Value
Fortis stock has delivered a solid 68.9% return over the past 5 years, yet the current checks point to a mixed valuation picture rather than a clear bargain or an obvious stretch.
Over the last 5 years, Fortis has returned 68.9%, which puts recent share price moves in the context of a steady longer term climb.
Progress on regulated capital projects and rate base growth may support earnings and cash flow expectations, while the ongoing need for large capital spending can weigh on how much...