Why I’m buying more of these two dividend-growing utilities
Friday, 25 November 2022, 23:22:10
I also sold some Algonquin shares to crystallize a tax loss and picked up shares in Fortis and Emera, which have had steady performance and few surprises
— The Globe and Mail
TSX Finishes with Respectable Gains
Thursday, 24 November 2022, 22:20:00
Equities in Canada’s largest centre hit highs dating back over five months on Thursday, supported by technology, materials and financial stocks as well as optimism that the U.S. Federal Reserve would flatten its monetary tightening trajectory. The TSX Composite gained 61.81 points to conclude Thursday at 20,344.07. The Canadian dollar nosed up 0.08 cents to 74.97 cents U.S. Materials proved the biggest gainers, with Lithium Americas jumping 63 cents, or 1.8%, to $35.93. Real-estate fared well, as units of Allied Properties REIT soared 77 cents, or 3%, to $26.91, while Northwest Health-Care Properties REIT advanced 23 cents, or 2.3%, to $10.42. In techs, Sylogist took on 39 cents, or 8.1%, to $5.20, while Quarterhill picked up five cents, or 3.2%, to $1.63. Consumer staples stepped back, however, as Metro lost 65 cents to $77.10, while George Weston dipped 73 cents to $165.17. In utilities, Fortis retreated 46 cents to $53.37, while Algonquin Power and Utilities fell three cents to $10.
— Baystreet Canada
Fortis Inc. – Consensus Indicates Potential 9.2% Upside
Wednesday, 23 November 2022, 12:35:36
Fortis Inc. found using ticker (FTS) have now 3 analysts covering the stock with the consensus suggesting a rating of ”Hold”. The target price ranges between 47.83 and 38.85 with a mean TP of 43.2. With the stocks previous close at 39.57 this now indicates there is a potential upside of 9.2%. The 50 day moving average now sits at 39.17 and the 200 day moving average is 45.47. The company has a market capitalisation of $19,178m. Visit the company website at: https://www.fortisinc.com [stock_market_widget type=”chart” template=”basic” color=”green” assets=”FTS” range=”6mo” interval=”1d” axes=”true” cursor=”true” api=”yf”] The potential market cap would be $20,938m based on the market concensus. Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. It generates, transmits, and distributes electricity to approximately 438,000 retail customers in southeastern Arizona; and 100,000 retail customers in Arizona”s Mohave and Santa Cruz counties with an aggregate capacity of 3,485 megawatts (MW), including 53 MW of solar capacity and 252 MV of wind capacity.
IHH taking legal advice, as SEBI asks it to get Delhi HC order before Fortis open offer
Friday, 18 November 2022, 10:51:25
Last week, IHH and Fortis approached SEBI to proceed with the pending, mandatory takeover offer for the additional 26% stake in Fortis Healthcare
— The Hindu BusinessLine
Stocks to Watch: Nykaa, Vedanta, PTC India, Fortis, Equitas SFB
Friday, 18 November 2022, 02:58:15
NSE will continue to keep Balrampur Chini, Bhel, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals, Indiabulls Housing Finance, and Sun TV stocks on the list of banned securities under the F&O segment for Friday trading as they have crossed 95% of the market-wide position limit.
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