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: $28.3600 on 2017-10-17

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Date Signal Expert Opinion Price
2017-10-16 DON'T BUY Keith Richards

When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.


Price:
$28.430
Subject:
TECHNICAL ANALYSIS
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-03 PAST TOP PICK Ryan Bushell

(A Top Pick Nov 10/16. Down 5%.) Now trading at a 7.3% yield and looks like they’re going to increase the dividend in the 4th quarter. With stocks like this, high quality with sustainable dividend yields, you can keep buying into weakness. When the strength comes you own lots of it with a good yield. They are undergoing a major acquisition, and the market perceives it to be a funding gap on how they are going to fund the purchase price.


Price:
$28.590
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2017-10-03 TOP PICK Ryan Bushell

A bit decentralized as they operate in a lot of districts, California, BC, Alberta, Michigan, and now trying to acquire a utility provider in the Maryland-DC-Virginia area. Feels the company is misunderstood. Management explained “The market perceives a funding gap for the acquisition, but if we were selling assets right now, the regulator who has to approve the transaction would think that was presumptuous.”, meaning they would think they were getting ahead of themselves by purchasing this asset before the regulator said yes. They are just minding their Ps & Qs with the regulator and have a plan ready to go. Dividend yield of 7.3%. (Analysts’ price target is $33.50.)


Price:
$28.590
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
UNKNOWN
Owned:
Yes
2017-09-28 BUY Greg Newman

Energy infrastructures are going to start to come alive with a better energy trade. They did an acquisition and are pinched a little by the rising Cdn$, but all in all thinks it is going to work out for them. 3% dividend yield.


Price:
$28.860
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-27 WEAK BUY Alex Ruus

A good combination of a mid-streamer as well as a utility. They’ve migrated more into the power producer and utility area. They continued to make that migration by making a big US acquisition, which should close some time next year. The stock has been in neutral as investors wait to make sure the deal closes. Pays a good dividend. Will probably move sideways until the deal closes, and then do better after that.


Price:
$28.720
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Unknown
2017-09-26 COMMENT Lyle Stein

This has gone through a pretty brutal year. He owns this in certain accounts for the income. Pays a 7.2% yield, and that dividend is safe. They have power plants in California that they need to get contracts for, which is a bit of an overhang. But then they made the GWL acquisition, a gas distributor on the east coast. It is going to take time to settle. The stock went down on no news, which is an interesting signal, physically saying that Selling is done. That is an interesting time to pick up the stock. You are getting paid while you wait.


Price:
$28.870
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2017-09-20 TOP PICK Zachary Curry

Subscription Receipts. They did a big deal with the WGL in Washington, and there is a bit of pressure there, but positive and the fact that you get your $31 back if the deal doesn’t work, and a 7% monthly income to wait. Dividend yield of 7.3%. (Analysts’ price target is $33.)


Price:
$28.210
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on CANADIAN MARKET
Owned:
Yes
2017-09-13 TOP PICK Paul Gardner, CFA

Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)


Price:
$27.590
Subject:
REITs, BONDS AND DIVIDEND STOCKS
Bias:
UNKNOWN
Owned:
Yes
2017-09-07 BUY on WEAKNESS Michael Simpson, CFA

They acquired Washington Gas and Electric.  The acquisition, when it closes in mid 2018, is weighing on the stock.  There are subscription receipts that are selling higher than the stock.  If it does not go through you get your money back.  You clip a dividend along the way.  There is a 20% chance the deal does not go through.  It is cheap compared to other companies.  He has been buying on dips.  There may be a concern that they have to raise more equity.  It is a well run company and have a history of bringing projects on time and under budget.


Price:
$27.650
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
CAUTIOUS
Owned:
Yes
2017-08-30 DON'T BUY Brian Madden

Sold his holdings about a year ago because of valuation concerns, when the stock had gotten very expensive. It was trading north of 15-16 times EV to EBITDA. He would continue to avoid this, even with the setback in the stock price.


Price:
$27.400
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2017-08-25 DON'T BUY Robert McWhirter

He said goodbye to it.  It is too early to buy back.  The most recent earnings went down and are expected to go down again when they report.  Cash flow is negative.


Price:
$27.620
Subject:
CANADIAN & TECHNOLOGY
Bias:
BULLISH
Owned:
No
2017-08-23 PAST TOP PICK Douglas Kee

(Top Pick June 9/16, Down 1.70%)  He is picking it again tonight.  They did an acquisition in the US, but some say it is too big, too utility and won’t go through.  They had to do a big installment receipt.  The deal does not close for 12 months, but you raise your equity right away.  In the end he thinks the deal will get done and he now thinks there is potential for growth in the US.


Price:
$27.710
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Yes
2017-08-23 TOP PICK Douglas Kee

It is yielding 7.5% and the acquisition in the US should go through. They have a further billion and a half of growth projects and another billion and a half it the deal does go through. The yield is likely to go down if the deal goes through, but that is a good thing because the stock price will have gone up. (Analysts’ target: $34.50).


Price:
$27.710
Subject:
CANADIAN DIVIDEND
Bias:
SELECTIVE
Owned:
Yes
2017-08-16 COMMENT Christine Poole

Owns this in a few accounts. It is a midstream company. The yield is very attractive. In this past week, she has noticed all of these energy infrastructure names, including the pipelines, have been pulling back. This represents an attractive entry point for people who want income. Dividend yield of 7.6%.


Price:
$27.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-14 COMMENT Larry Berman CFA, CMT, CTA

There is some regulatory uncertainty as to whether their acquisition in the US will go through.  The drop in stock price has boosted the yield.  He thinks you are pretty close to the bottom so there is a value element to it.


Price:
$27.980
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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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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