Fortis Inc

FTS: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Fortis Earnings: MISO Continues to Offers Significant Growth Opportunity for ITC

Andrew Bischof

May 1, 2024

We are maintaining our CAD 58 per share fair value estimate for Fortis after the company reported first-quarter adjusted earnings of CAD 0.93 per share compared with CAD 0.90 in the same year-ago period. The company reaffirmed its 4% to 6% annual dividend growth outlook through 2028, in line with our estimate. Fortis does not issue earnings guidance.

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Fortis Inc

Fortis Earnings: MISO Continues to Offers Significant Growth Opportunity for ITC

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