10 Best Performing Utilities Stocks to Buy Now

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8. Fortis Inc. (NYSE:FTS)

Year-To-Date Performance as of August 22: 21.91%

Number of Hedge Fund Holders: 13

Fortis Inc. (NYSE:FTS) ranks among the best performing utilities stocks to buy now. Wolfe Research kept its Underperform rating on Fortis Inc. (NYSE:FTS) and increased its price target from $45 to $46 on August 5. The price target hike comes after the energy company’s impressive year-to-date performance, with first-half 2025 earnings per share up C$0.16 from the same period the previous year.

In light of the company’s results, Wolfe Research has increased its 2025 earnings estimate by C$0.09 to C$3.52 per share. Additionally, the firm raised its 2026–2027 projections by C$0.02-0.03 each, citing a higher stock price.

Even so, Wolfe Research continues to consider Fortis’ premium valuation to be complete.

Fortis Inc. (NYSE:FTS) is a utility holding company that operates in the electricity and gas utility industries. It owns and operates electric utilities, which create, transmit, and distribute power to homeowners, businesses, and industrial clients.

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