Opinions Andrew Pink
Altagas CanadaACI.TOHOLDJun 17, 2019
$22.74
Stock price when the opinion was issued
$33.49
As of Apr 02, 2020. Market Open.
Utilities
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It's entirely regulated. They have gas networks in Alberta, BC and Nova Scotia, as well as wind farms and hydro projects. Yield of 4.03%
Gavin GrahamOwned
Utilities
BUY
It is a spin off from ALA-T. It is a pure play Canadian asset utility play. It has average debt for a utility. Over time as long as they perform well you should be able to get modest dividend increases. The parent may still sell the remainder of their stake in this company.
Utilities
It was a smart call to spin out the Canadian operations from ALA-T. ACI has done reasonably well. He likes utilities and this pays a 4% dividend. As rates stay low, this will benefit. ACI's valuation is higher than some peers, but he would hold it if he owned it.