Here's Why You Should Add FTS Stock to Your Portfolio Right Now

Fortis Inc. FTS continues to benefit from investments made in the expansion of major transmission projects and from rising demand for energy from data centers.  Grid modernization and systematic investments to upgrade aging infrastructure will enhance service reliability and assist it in serving an expanding customer base. Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment.Growth Projection & Surprise History The Zacks Consensus Estimate for Fortis’ 2026 earnings per share is pegged at $2.56, suggesting year-over-year growth of 3.23%. The Zacks Consensus Estimate for 2026 revenues is pinned at $9.26 billion, suggesting year-over-year improvement of 5.50%.The company’s long-term (three to five years) earnings growth rate is 4.29%. Fortis surpassed earnings estimates in three out of the last four quarters and missed estimates in one quarter, resulting in an average earnings surprise of 2.38%.Stable InvestmentsFTS plans to invest $28.8 billion over the 2026-2030 time frame. These investment initiatives focus on strengthening the transmission and distribution projects. The planned investment will also support load growth, reliability and future generation interconnections. The investments also consider the Springerville Natural Gas Conversion project.Dividend HistoryFortis has a dividend yield of 3.54% versus the industry yield of 2.91%. The company announced its first-quarter 2026 dividend of 64 cents per share, resulting in an annualized dividend of $2.56.The company is rewarding its shareholders with a continuous increase in dividends. Long-term dividend growth projected by the company for 2030 is 4-6%.Risk ManagementBeta measures an investment’s sensitivity to overall market movements, showing how much its price is likely to fluctuate relative to changes in the market.  Fortis’ beta factor is 0.5, which is less than one and suggests that the stock is less volatile than the market. Thus, it offers stability to investors.Share Price PerformanceIn the past three months, the stock has gained 2.3% against the industry’s 4.1% decline.Image Source: Zacks Investment ResearchOther Stocks to ConsiderSome other top-ranked stocks in the Zacks Utilities sector are NextEra Energy NEE, Edison International EIX and ONE Gas OGS. While EIX currently sports a Zacks Rank #1 (Strong Buy), NEE and OGS carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.The long-term earnings growth rate of NextEra Energy, Edison International and ONE Gas is projected at 8.08%, 10.93% and 6.66%, respectively. The dividend yields for NextEra Energy, Edison International and ONE Gas are projected at 2.89%, 6.00% and 3.49%, respectively.Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report Edison International (EIX): Free Stock Analysis Report ONE Gas, Inc. (OGS): Free Stock Analysis Report Fortis (FTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks