CIBC Maintains Outperform Rating and Increases Price Target for Fortis (FTS)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2025
0mins
Source: Yahoo Finance
Fortis Inc. Recognition: Fortis Inc. is listed among the 13 best Canadian dividend stocks for long-term investment, with CIBC raising its price target to C$75 while maintaining an Outperformer rating.
Capital Investment Plans: The company reported spending approximately $4.2 billion on capital projects in the first nine months of the year and has a new five-year capital plan worth $28.8 billion, aiming for a 7% annual growth in its rate base.
Dividend Growth Commitment: Fortis announced a 4% increase in its quarterly dividend, marking the 52nd consecutive year of dividend growth, with plans to raise dividends by 4-6% annually through 2030.
Stable Financial Structure: With 93% of its assets in regulated transmission and distribution businesses, Fortis maintains stable financial results, supporting consistent dividend growth despite economic fluctuations.
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Analyst Views on FTS
Wall Street analysts forecast FTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTS is 53.87 USD with a low forecast of 49.50 USD and a high forecast of 57.51 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 53.370
Low
49.50
Averages
53.87
High
57.51
Current: 53.370
Low
49.50
Averages
53.87
High
57.51
About FTS
Fortis Inc. is a Canada-based diversified regulated electric and gas utility holding company. Its regulated utilities include ITC, UNS Energy, Central Hudson, FortisBC Energy Inc., FortisAlberta Inc., FortisBC Inc. and Other electric. The ITC includes Investment Holdings Inc., ITC Holdings Corp. and the electric transmission operations of its regulated operating subsidiaries, which include International Transmission Company, Michigan Electric Transmission Company, LLC, ITC Midwest LLC and ITC Great Plains, LLC. UNS Energy includes UNS Energy Corporation, which primarily includes Tucson Electric Power Company, UNS Electric, Inc. and UNS Gas, Inc. The Central Hudson includes CH Energy Group, Inc., which primarily includes Central Hudson Gas & Electric Corporation. Other Electric include Eastern Canadian and Caribbean utilities, as follows: Newfoundland Power Inc., Maritime Electric Company, Limited, FortisOntario Inc., and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Fortis Inc. (FTS) to Release 2025 Financial Results on February 12, 2026
- Earnings Release Schedule: Fortis Inc. will release its 2025 financial results on February 12, 2026, with a teleconference at 8:30 a.m. (Eastern) where executives will discuss the financial performance, drawing attention from investors and analysts.
- Participation Details: Interested shareholders, analysts, and media can listen to the teleconference via a live webcast on the company's website, with North American participants able to call 1.833.821.0229 toll-free for questions, while international participants can dial 1.647.846.2371.
- Registration Convenience: Participants can pre-register to receive a calendar invite and a unique access code to bypass the teleconference operator queue, with registration open until the end of the call, enhancing participation convenience.
- Financial Background: As of September 30, 2025, Fortis reported total assets of $75 billion and revenue of $12 billion for 2024, demonstrating its strong position and market presence in the North American electric and gas utility industry.
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