Is Fortis Stock a Buy in March 2023? - Yahoo Canada Finance
Source: Getty Images Written by Chris MacDonald at The Motley Fool Canada Fortis (TSX:FTS) is an international gas and power utilities provider. It has 10 utility operations in Canada, the U.S., and Caribbean nations, with more than 3.4 million customers worldwide. Given the current global energy crisis, prices of utility stocks are facing high volatility. However, investors can take advantage of this uncertainty and invest in such utility stocks to reap benefits in the future. So, is Fortis stock worth buying in March 2023? Here are some key things to think about. Fortis boasts of strong quarterly and annual earnings Fortis's recent earnings report highlights one of the key strengths of this stock — its fundamentals. Fortis reported net income of US$370 million in the fourth quarter (Q4) of 2022. On a diluted per-share basis, this amounted to US$0.77 attributable to shareholders. Compared to the same quarter last year, Fortis has shown some solid bottom-line growth, cons...