- 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.
For further details see:
Fortis: Strong Renewable Ambitions And Financials But Appears Overpriced