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Alternative stocks to Fortis (TSX:FTS)


These are the alternatives to Fortis that fall within the same industry, Electric Utilities, or region, Canada.

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For every stock, we judge its performance against its peers and rank it on a scale of 1 to 100. The higher the rank, the better the stock performs than its peers. And, we do this for six investment strategies:

Value - shows how good of a value the stock is. Green is "inexpensive"; red is "expensive".

Growth - shows a company's growth potential. Green is "high growth" expected; red is "tough times ahead".

Safety - relates to the amount of debt a company has. Green is low debt level; red is high debt level.

Combined Financial - this isn't an average of the first three ranks but rather a consolidated view across several financial indicators. Green = good; red = tread carefully.

(NEW) Sentiment - quantifies professional analyst ratings and holdings as well as market pulse. Green = positive sentiment; red = skepticism (Only available to Premium Subscribers).

(NEW) 360° View - the ultimate rating with all financial and non-financial indicators.

See Fortis Performance

Fortis stock research in summary

fortisinc.com


Fortis shares have a market-typical stock price level. They are safely financed and are good value, but show below average growth. We recommend evaluating whether the future of the company Fortis is typical for this industry which the market average price level of the shares suggests. If you believe that the future of the company is above average, that could be an argument for buying the shares and vice versa.


Latest Obermatt Ranks


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Country Canada
Industry Electric Utilities
Index
Size class X-Large

Large companies - similar industry as Fortis

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. PPL (XL, US)  Electric Utilities
1. PPL (XL, US)   Electric Utilities 39 69 95 93
2. Pinnacle West (XL, US)  Electric Utilities
2. Pinnacle West (XL, US)   Electric Utilities 66 83 49 90
3. Entergy (XL, US)  Electric Utilities
3. Entergy (XL, US)   Electric Utilities 68 87 33 90
4. Edison (XXL, US)  Electric Utilities
4. Edison (XXL, US)   Electric Utilities 61 89 28 78
5. NextEra Energy (XXL, US)  Electric Utilities
5. NextEra Energy (XXL, US)   Electric Utilities 1 100 72 76
6. NRG (XXL, US)  Electric Utilities
6. NRG (XXL, US)   Electric Utilities 57 95 5 59
7. Hydro One (XL, CA)  Electric Utilities
7. Hydro One (XL, CA)   Electric Utilities 27 61 73 59
8. American Electric Power (XXL, US)  Electric Utilities
8. American Electric Power (XXL, US)   Electric Utilities 47 97 14 58
9. Xcel Energy (XXL, US)  Electric Utilities
9. Xcel Energy (XXL, US)   Electric Utilities 60 57 50 57
10. PG&E (XXL, US)  Electric Utilities
10. PG&E (XXL, US)   Electric Utilities 70 89 5 56

May 16, 2024

Why popular stocks have low ratings

It’s easier said than done. When your stock drops, it’s easy to want to sell it and find a better performer. Think twice, or even three times, before trading. Those fees (especially the hidden ones) can eat up your gains.

Large companies - similar region as Fortis

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Suncor (XXL, CA)  Oil & Gas Integrated
1. Suncor (XXL, CA)   Oil & Gas Integrated 75 87 78 100
2. Linamar (XL, CA)  Auto Parts & Equipment
2. Linamar (XL, CA)   Auto Parts & Equipment 84 49 98 100
3. West Fraser (XL, CA)  Forest Products
3. West Fraser (XL, CA)   Forest Products 80 85 73 98
4. Celestica (XL, CA)  Electr. Manufacturing Services
4. Celestica (XL, CA)   Electr. Manufacturing Services 83 79 82 98
5. Fairfax (XXL, CA)  Property & Casualty Insurance
5. Fairfax (XXL, CA)   Property & Casualty Insurance 59 75 65 96
6. ATCO (XL, CA)  Multi-Utilities
6. ATCO (XL, CA)   Multi-Utilities 99 17 87 91
7. Manulife Financial (XXL, CA)  Life & Health Insurance
7. Manulife Financial (XXL, CA)   Life & Health Insurance 70 47 100 91
8. Russel Metals (XL, CA)  Trading & Distribution
8. Russel Metals (XL, CA)   Trading & Distribution 96 15 93 90
9. Keyera (XL, CA)  Oil & Gas Transportation
9. Keyera (XL, CA)   Oil & Gas Transportation 66 52 94 89
10. Cenovus (XXL, CA)  Oil & Gas Integrated
10. Cenovus (XXL, CA)   Oil & Gas Integrated 79 45 89 88

May 16, 2024


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Mid sized companies - similar industry as Fortis

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Portland General Electric (L, US)  Electric Utilities
1. Portland General Electric (L, US)   Electric Utilities 90 79 81 100
2. National Fuel Gas (L, US)  Gas Utilities
2. National Fuel Gas (L, US)   Gas Utilities 65 65 89 100
3. ALLETE (L, US)  Electric Utilities
3. ALLETE (L, US)   Electric Utilities 72 53 92 98
4. NW Natural (L, US)  Gas Utilities
4. NW Natural (L, US)   Gas Utilities 88 31 75 92
5. American States Water (M, US)  Water Utilities
5. American States Water (M, US)   Water Utilities 7 87 94 90
6. Hawaiian Electric Industries (L, US)  Electric Utilities
6. Hawaiian Electric Industries (L, US)   Electric Utilities 96 5 90 90
7. Aqua America (L, US)  Water Utilities
7. Aqua America (L, US)   Water Utilities 18 100 69 86
8. NextEra Energy Partners (L, US)  Renewable Electricity
8. NextEra Energy Partners (L, US)   Renewable Electricity 84 35 83 86
9. MGE Energy (M, US)  Electric Utilities
9. MGE Energy (M, US)   Electric Utilities 3 79 100 80
10. Avista (L, US)  Multi-Utilities
10. Avista (L, US)   Multi-Utilities 74 51 56 78

May 16, 2024


Mid sized companies - similar region as Fortis

Similar Stocks VALUEVVV GROWTHVV SAFETYVV COMBINED
1. Magellan Aerospace (M, CA)  Aerospace & Defense
1. Magellan Aerospace (M, CA)   Aerospace & Defense 100 52 100 100
2. Canaccord Genuity (L, CA)  Investment Banking & Brokerage
2. Canaccord Genuity (L, CA)   Investment Banking & Brokerage 98 50 93 100
3. Lassonde (L, CA)  Packaged Foods & Meats
3. Lassonde (L, CA)   Packaged Foods & Meats 94 73 81 100
4. Paramount (L, CA)  Oil & Gas Production
4. Paramount (L, CA)   Oil & Gas Production 56 95 91 100
5. Onex (L, CA)  Asset Management & Custody
5. Onex (L, CA)   Asset Management & Custody 56 100 82 100
6. Centerra (L, CA)  Gold Production
6. Centerra (L, CA)   Gold Production 92 43 92 98
7. Leon's Furniture (L, CA)  Homefurnishing Retail
7. Leon's Furniture (L, CA)   Homefurnishing Retail 84 50 83 98
8. Peyto (M, CA)  Oil & Gas Production
8. Peyto (M, CA)   Oil & Gas Production 92 91 55 98
9. Jamieson Wellness (M, CA)  Personal Products
9. Jamieson Wellness (M, CA)   Personal Products 91 65 56 95
10. Enghouse Systems (M, CA)  Application Software
10. Enghouse Systems (M, CA)   Application Software 91 26 100 94

May 16, 2024



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