FORFF - Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced

• Fortis is one of the largest electric utilities in the world, boasting operations all throughout North America and the Caribbean.
• The company is investing heavily in "clean" energy, although it unfortunately has not provided any list of specific projects that it plans to construct.
• The company plans to grow its dividend at a 6% CAGR over the next five years but has not provided any EPS growth projections.
• The company's finances are incredibly strong and its dividend appears quite well covered by cash flow.
• The stock price looks a bit high relative to its peers so it may be best to wait for it to come down a bit.

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