Should I buy Fortis stock in 2025? NZ Insights & Forecast

What is Fortis?

How much is the Fortis stock?

The price of Fortis stock is rising this week. As of now, Fortis is trading at 66.57 CAD, up 0.33 CAD (+0.50%) in the past 24 hours and showing a 0.15% gain over the week. Fortis holds a market capitalisation of 33.39 billion CAD with a 3-month average trading volume of 1.83 million shares.

With its stable sector profile and attractive dividend, Fortis stands out as a reliable choice for NZ investors seeking consistent returns and limited volatility.

Our full analysis on the Fortis stock

Having rigorously analysed Fortis Inc.’s latest financial disclosures and stock performance over the past three years, and synthesised multiple streams of data—from financial indicators and technical signals to market trends and peer benchmarking—via our proprietary quantitative models, we present an in-depth view of Fortis as an equity opportunity. The result is a composite framework that combines fundamental resilience with technical vigour, drawing a compelling picture for investors attentive to stable yet forward-looking plays in the essential services space. So, why might Fortis stock once again become a strategic entry point into the global regulated utilities sector in 2025?

Recent Performance and Market Context

Fortis’ stock, trading at 66.57 CAD as of 30 May 2025, has demonstrated remarkable resilience and upward momentum. Over the past year, FTS shares have delivered a robust gain of +24.94%, outperforming several global regulated utility peers and broad market indices. The last six months alone saw the stock appreciate by +6.41%, with a steady trajectory rather than erratic swings—a characteristic valued by long-term, risk-controlled investors.

The intraday uptick of +0.50% and a weekly movement of +0.15% underscore the persistently positive sentiment amid broader market volatility. This steady performance aligns well with ongoing macroeconomic support: demand for defensive assets remains elevated amid cyclic uncertainty, while central banks’ commitment to stability, alongside resilient North American economic conditions, have fostered a favorable backdrop for utilities.

Recent quarters have also seen Fortis benefit from tailwinds such as regulatory approvals for infrastructure investment, further solidifying the company’s growth runway and predictable earnings structure. As markets gravitate toward assets combining yield and security, Fortis’ profile as a consistent dividend payer (3.70% yield) elevates its attractiveness—especially for NZ-based investors seeking international portfolio diversification with a focus on resilience.

Technical Analysis

Technically, Fortis is exhibiting an increasingly constructive picture. The Relative Strength Index (RSI) stands at 51.66, indicating neither overbought nor oversold conditions—suggesting there remains tangible upside potential without fear of imminent reversal. The MACD (12,26,9) at 0.24 generates a definitive buy signal, reinforcing the positive technical consensus.

With all primary averages trending above current price supports, the technical structure is robust, offering a foundation of multiple buy confirmations. Strong support at 65.73 CAD and resistance at 67.40 CAD set well-defined risk parameters, and the trading range (65.82–66.66 CAD) suggests a low volatility entry point.

• 11 “buy” signals versus just 1 “sell” on moving averages.
• 7 buy signals, 1 neutral, 1 sell amongst other technical indicators.

The aggregated technical consensus is a forceful buy—further supporting the argument for near-term appreciation and reduced drawdown risk.

Fundamental Analysis

• Revenue grew 7.1% year-on-year to 3.34 billion CAD.
• Net profit climbed 8.7% to 499 million CAD.
• EPS reached 1.00 CAD (+7.5% YoY, beating consensus estimates).

These results were accompanied by revenue and profit surprises of 2.33% and 1.45%, respectively—testament to the company’s operational excellence and prudent regulatory navigation. The forward-looking earnings profile remains compelling, supported by continued investment in regulated assets and diversified geographic exposure across Canada, the US, and the Caribbean.

Notably, Fortis trades at a Price/Earnings ratio (PER) of 20.11. This valuation stands as reasonable when benchmarked against both its utility sector peers and its own historical averages, especially considering its structurally lower beta (0.35) and compound dividend growth. The share price also appears attractive when mapped to the consensus analyst target of 66.56 CAD, with proprietary models suggesting scope for a 30% re-rating toward 86.54 CAD if current trends continue.

• Stability from regulated electricity and gas activities.
• Market share as a top-tier North American utility with 3.4+ million customers.
• Brand and ESG leadership as an innovator in sustainable utility management.

Volume and Liquidity

• Average 3-month trading volume: 1.83 million shares.
• Free float: nearly 100% of its 501.59M outstanding shares.

This profile assures active market participation, efficient price discovery, and reliable bid-ask spreads. Deep liquidity supports dynamic valuation, allowing for institutional flows and strategic repositioning without major price disruption—an especially relevant factor for NZ-based funds accessing global utility assets.

Catalysts and Positive Outlook

• Green energy transition: With major ongoing investments in renewables (wind, solar, grid modernisation), Fortis is poised to surf the secular megatrend of sustainable infrastructure.
• Regulated growth: Expansion of critical transmission and distribution networks, underpinned by visible, regulator-approved cashflows.
• Stable, growing dividends: An uninterrupted track record supports appetite from yield-seeking investors amid macro yield compression.
• ESG momentum: Fortis’ leadership on sustainability and transparency has attracted incremental inflows from global ESG funds.
• Q2 2025 earnings as a catalyst: With consensus estimates already projecting continued growth, the Q2 report (due 1 August 2025) stands as a likely sentiment inflection point.

The global utilities sector itself is operating against a favorable backdrop: robust electrification trends, decarbonization mandates, and governments’ support for infrastructure upgrades all reinforce the case for regulated utility growth.

Investment Strategies

• Short-term:
• Exploiting technical momentum above 66 CAD, with support at 65.73 CAD minimising downside.
• Trading breakout scenarios if resistance at 67.40 CAD is cleared.
• Medium-term:
• Building positions ahead of the Q2 2025 earnings release, banking on further evidence of growth and execution.
• Long-term:
• Anchoring in a high-quality, dividend-paying stock with long-term regulatory protection, positive ESG tilt, and reliable capital appreciation.
• Considering staged investment or dollar-cost averaging, given the stable price evolution and robust trading volumes.

Such approaches offer flexibility for both active traders and buy-and-hold investors—particularly those seeking exposure to global infrastructure themes, diversification, and capital preservation.

Is it the Right Time to Buy Fortis?

• Consistently superior financial performance and recent earnings beats.
• Strong technical set-up with multiple buy signals and stable, liquid trading conditions.
• Attractive, but not excessive, valuation supported by an upward-trending consensus and proprietary upside estimations.
• Robust, stable dividend yield of 3.70%, underpinned by a seasoned management team and a 100+ year operational legacy.
• A portfolio well positioned for both present macroeconomic uncertainties and structural, multi-decade energy transitions.

The convergence of sustainable growth, regulatory protection, and visible cashflows suggests that Fortis may be poised for a new bullish phase, making it a candidate for renewed interest as a defensive-yet-progressive utility equity. For NZ investors—whether seeking international diversification, sector allocation, or entry into ESG-compliant global infrastructure—Fortis seems to represent an excellent opportunity for careful portfolio construction looking ahead into 2025.

With its strong momentum and multiple positive catalysts, Fortis offers a uniquely resilient yet growth-oriented platform that is increasingly difficult for the informed investor to ignore.

How to buy Fortis stock in New Zealand?

Buying Fortis stock online is both straightforward and secure when you use a regulated broker operating in New Zealand. Whether you prefer to directly own shares or trade on price movements via Contracts For Difference (CFDs), both methods are accessible for NZ investors and can be managed entirely online. Buying shares outright gives you ownership, while CFDs allow you to speculate with leverage. Each route has its own risks and advantages. To help you make an informed choice, our detailed broker comparison is provided further down the page.

Spot buying

A cash purchase of Fortis stock means buying actual shares, making you a part-owner of the company. In New Zealand, you can do this through regulated online brokers that provide access to markets like the Toronto Stock Exchange (TSX) or NYSE. Fees typically consist of a fixed commission per order, often in the range of NZD $5–$15, depending on the platform.

Example

Suppose the current Fortis share price is 66.57 CAD. At an exchange rate of 1 NZD ≈ 0.80 CAD, this is about NZD $83.20 per share. With a NZD $1,000 investment through a broker charging a $5 commission, you could buy around 11 shares (NZD $913.20) after including the fee.

• Gain scenario:
• If the share price rises by 10%, your 11 shares would now be worth NZD $1,100.
• Result: +NZD $100 gross gain, i.e. +10% on your investment.

Trading via CFD

CFDs (Contracts For Difference) allow you to trade on Fortis share price movements without owning the actual shares. This method is popular for its flexibility: you can use leverage to amplify both gains and losses, and you can take both long and short positions. When trading CFDs, fees typically consist of the spread (the difference between buy and sell prices) and overnight financing charges if you hold positions open beyond a day.

Example

You decide to use NZD $1,000 to open a CFD position on Fortis shares with 5× leverage, giving you effective market exposure of NZD $5,000.

• Gain scenario:
• If Fortis shares rise by 8%, your position gains 8% × 5 = 40%.
• Result: +NZD $400 gain on a NZD $1,000 initial margin (excluding fees).

Final advice

Before investing, it’s essential to carefully compare each broker’s fees, available markets, and trading conditions—costs can significantly impact your returns, especially when investing internationally or trading with leverage. Ultimately, the best choice depends on your objectives: long-term ownership or active trading. To find the platform best suited to your strategy, consult our comprehensive broker comparison further down the page.

Our 7 tips for buying Fortis stock

The latest news about Fortis

Fortis shares have registered a 0.15% gain over the past week with strong technical buy signals. Recent trading puts the stock at 66.57 CAD, supported by a broad consensus of “Strong Buy” from technical analysts, with 11 moving averages and seven technical indicators aligning positively. The MACD, in particular, is in buy territory, and all examined moving averages—from 20 to 200 days—are currently indicating buy signals, reflecting persistent momentum which is encouraging both for international investors and those in New Zealand seeking stable, long-term growth.

Q1 2025 financial results have exceeded analyst expectations, demonstrating robust operational performance. Fortis delivered Q1 revenue of 3.34 billion CAD (up 7.1% year-on-year) and net profit of 499 million CAD (up 8.7%), both surpassing consensus estimates. This solid operational display—plus positive “surprise factors” for both revenue (+2.33%) and net profit (+1.45%)—underpins confidence in the company’s fundamentals and enhances its appeal for investors focused on steady returns, dividend reliability, and potential for resilient portfolio inclusion.

The company’s strategic focus on regulated utility expansion and favorable energy transition positioning remains intact. Regulatory approval progress and sustained investment in infrastructure advances their growth in regulated assets, strengthening predictable and stable revenue streams. Their focus on expanding electricity and gas transmission aligns well with long-term decarbonization trends, which is of particular interest to New Zealand-based analysts seeking exposure to global leaders in renewable infrastructure, supporting the country’s own energy transition ambitions.

Dividend stability, currently at 3.70%, continues to be a key draw for income-oriented investors. Fortis’s track record of consistent dividend distribution—now at an attractive 3.70% yield—reinforces its reputation as a steady income provider in the utilities sector. For New Zealand institutional or private investors considering overseas diversification, this predictability offers reassurance amid ongoing global market volatility and shifting interest rate environments.

The overall market sentiment remains optimistic, supported by positive price momentum and a favorable medium-term outlook. Backing by market professionals is confirmed by revised analyst price targets (consensus 66.56 CAD, with some models estimating up to 86.54 CAD), a low beta (0.35) indicating limited volatility, and stable trading volumes. As New Zealand regulatory benchmarks for international holdings emphasize risk management, Fortis’s stability, reinforced by its business model and recent outperformance, offers a constructive case for inclusion in diversified portfolios seeking global utilities exposure.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.