The Globe and Mail reports in its Monday edition that 1832 Asset Management manager Cecilia Mo recommends buying Fortis ($43.20). The Globe's Shirley Won writes that Fortis yields 3.7 per cent. This Canadian utility, which has been on the acquisition trail in the United States, is poised for stronger organic growth, Ms. Mo says. The purchase of ITC Holdings gives Fortis exposure to the fast-growing Southern United States. She says having revenue coming from utilities in various regions reduces risk because Fortis is dealing with different regulators. "Close to 62 to 65 per cent" of the company's revenue comes from the United States, she says. Fortis, which began trading on the New York Stock Exchange last year, has hiked its dividend for 43 consecutive years. While rising interest rates are a risk -- investors may sell utility stocks to invest in higher-yielding bonds -- the hikes should be gradual as "global growth is still relatively subdued," she says. Fortis shares trade reasonably at 16 times 2017 earnings, and Ms. Mo expects a 10-per-cent to 12-per-cent total return for its stock over the next year. The Globe's Rob Carrick said buy Fortis on Jan. 25, when it was worth $41.57.