TSX:FTSElectric Utilities
Fortis (TSX:FTS) Margins Edge Higher, Reinforcing Value Narrative Despite Dividend Sustainability Concerns
Fortis (TSX:FTS) reported net profit margins of 14.1%, a slight uptick from last year’s 13.9%. The company grew earnings at an annualized rate of 7.8% over the past five years. Its shares are trading at CA$71.24, below an estimated fair value of CA$270.48. The forward-looking earnings growth forecast is 6.9% per year, lagging the broader Canadian market’s 12.1% pace. Margins remain healthy, but with flagged risks around dividend sustainability and financial position, investors will be focused...