Viewing Company Altagas Ltd | StockChase
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Compiling comments that experts make about stocks while on public TV.

Altagas Ltd Stock Symbol: ALA-T

Last Price Recorded: $29.5900 on 2017-06-22

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Date Signal Expert Opinion Price
2017-06-20 DON'T BUY David Burrows

Infrastructure companies are the least sensitive group to the price of energy. While energy has been weakening over the past few weeks, energy infrastructure names have been doing quite well. Not the strongest name in the Canadian market. It has a 7% dividend yield, and he wouldn’t be betting on that. There are better places to be.


Price:
$30.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-06-19 BUY on WEAKNESS Larry Berman CFA, CMT, CTA

He hates saying you get paid to wait.  He likes ETFs so you are diversified.  It looks like ALA-T is in a trading range.  You could nibble away at it if you like the dividend, however.  Sell at $35.


Price:
$30.590
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-14 TOP PICK Bill Harris, CFA

Planning a big US acquisition and will take on a lot of debt. The market seems worried that they can’t beat the index by owning this over the next 18 months. It looks like they should be able to do the acquisition. The dividend yield is 6.9%, which he gets up front. If he is trying to beat an index, this is not good, but if he is just trying to make money, this is fantastic. (Analysts’ price target is $35.)


Price:
$30.050
Subject:
RESOURCE
Bias:
UNKNOWN
Owned:
Yes
2017-06-14 TOP PICK John O'Connell, CFA

Subscription Receipt. This is a regulated utility. They made a big acquisition in the US. They issued these subscription receipts which pays a 7% dividend. If the deal falls apart, you get your money back. If the deal doesn’t close in a year, you get $31 plus your 7% dividend yield.


Price:
$30.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-06-06 BUY Peter Hodson

The payout ratio in the last quarter was less than 50%, using a cash flow valuation basis, the correct metric to use. They acquired WGL Holdings, which hasn’t closed yet, so they still have receipts outstanding. The dividend is nice. They’ve also said that the accretion to cash flow is very, very strong from the acquisition, so they are actually forecasting dividend increases going forward. There is a good opportunity here for income investors. It should be trading at a lower yield and higher price than what it is right now. Dividend yield of 7%.


Price:
$29.980
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2017-06-02 COMMENT Brian Acker, CA

He doesn’t like this one. It closed at $30.08. His model prices $22.21, a negative 25%. It is an earnings issue. The dividend is $2.22, 7.38%, but it is only earning $.91 with $.99 forecasted for 2018. Paying way too much in terms of their earnings.


Price:
$30.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on US$
Owned:
Unknown
2017-06-01 COMMENT Paul Gardner, CFA

He likes this because of their assets. It might not go anywhere for the next 6 months, but over the next 2-3 years, their EBITDA and cash flow generation gives them a growth profile for utilities, which is quite unique.


Price:
$30.080
Subject:
REITS/INCOME TRUSTS/HIGH YIELD BONDS
Bias:
BULLISH
Owned:
Yes
2017-05-31 BUY Michael Simpson, CFA

This has operations both in Canada and the US. Energy infrastructure. They have power, and a utility segment. Made a big US acquisition a few months ago of a utility, which they financed partly with debt and partly with instalment receipts. Feels the dividend is sustainable. The instalment receipts are yielding over 7%. There is a concern in the market that they are going to have to raise more equity, but he doesn’t feel that is well-founded.


Price:
$30.110
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
Yes
2017-05-29 SPECULATIVE BUY Teal Linde

They are doing an acquisition of a company that is bigger than they are, causing the stock to be down.  It is on his short list for studying.  They will sell off assets once the acquisition is complete.


Price:
$30.340
Subject:
NORTH AMERICAN - LARGE/MID CAPS
Bias:
SELECTIVE
Owned:
Unknown
2017-05-25 COMMENT Douglas Kee

Hasn’t done well lately. Dividend yield of almost 7%. He expects them to increase the dividend this year by 6% or so. The stock is going sideways, because they are in the midst of doing a US acquisition, and the market doesn’t like it as it moves them more towards a utility.


Price:
$30.410
Subject:
CANADIAN DIVIDEND
Bias:
UNKNOWN
Owned:
Yes
2017-05-24 TOP PICK Zachary Curry

(ALA.R-T Subscription Receipts. 9/4/18.) This is part of a financing that was done in February in a deal to acquired WGL for $8.5 billion. This is scheduled to close in 2018, and subscription receipts are a way to play that. Should the deal fall apart, you get your money back. He looks at this as a “no lose” as you get close to 7% to wait.


Price:
$30.590
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-05-18 DON'T BUY David Cockfield

A good company and well-managed, but the environment still hasn’t really improved in Alberta to the point where you would really want to step in. There are others that are a lot safer in terms of the dividend. There are decent yields and growth elsewhere.


Price:
$30.220
Subject:
CANADIAN & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2017-05-15 COMMENT Bruce Campbell (1)

Prefers growthier pipelines. This one is a mixture of some pipe, some power generation, and is a little more BC oriented. With the big acquisition, the receipts still out there, and that has been pressing on the stock for a while. The entry point is probably okay at around $30-$31, and the 6.8% dividend yield is relatively safe.


Price:
$31.080
Subject:
CANADIAN LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-05-09 COMMENT Lyle Stein

This has been quite active in acquisitions. They bought Washington Gas & Light company in the DC area, as a big foray into the US. They feel it provides them with some unique diversification, as well as a kind of rollup capacity in the market. It is going to be a “show me” story, and is going to take a long time. In the meantime, they’ve suffered with the oil/gas patch in general. It’s quite exposed to gas in its midstream operations. He believes the 6% dividend is safe. It probably won’t be growing as quickly as it has, because they have to absorb the WGL assets. They successfully raised capital. Thinks they are in OK shape, but doesn’t feel this is the best place to be in that space right now. Prefers others.


Price:
$31.230
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
No
2017-05-08 DON'T BUY Ross Healy

He does not know how sustainable the dividend is.  The earnings have been slipping away.  There is a gap of about 24%.  The stock is not horribly priced, but he does not like a company paying out more than they make.  They are paying out more than twice their earnings. The quality of the balance sheet is okay, but not fabulous.


Price:
$31.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
Showing 1 to 15 of 314 entries
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5 Comments

Mark Sewell

January 31st 2014 at 6:28pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 6:29pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 6:33pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

jordy

March 4th 2014 at 10:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?

jordy

March 4th 2014 at 10:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?


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