I personally own about 2500 shares of the company and always looking to buy more. This is one of the few companies that has actually seen remarkable growth over the past several years and decades and has a nice uptrend with a 46+ consecutive year in dividend hikes; another one of my favourites is TC Energy ( TRP ).
Another benefit is that Fortis has nearly 100% regulated utilities which means they own all the infrastructure in which they supply. This offers investors with growth and stability.
Technically speaking the stock has actually broken out of about a 30+ year channel to the upside and should see multiple expansion, especially as people flock to defensive stocks like utilities once again. Growing EPS and only trading at about 14x P/E is quite cheap in this market and I wouldn't be surprised if we see Fortis topping 70 bucks in 2020.
In general, most dividend aristocratic stocks usually have relatively poor growth over many years and/or are somewhat unstable, however, Fortis represents one of the few shining lights.
As I have said numerous times, this is not the market you want to be on the offensive. I pin momentum stocks like Apple and Microsoft having a minimum of 15% more downside than current price - and thats assuming the environment does not drastically worsen (which could be rather improbable betting against that).
Stay cautious and play safe and don't listen to the cows on CNBC saying to "buy all dips at all times".