TSE:ALA

Altagas Ltd (ALA.TO)

55.78
-0.05 (0.09%)
as of Jul 31, 2026, 8:00:00 pm Market Open.
807 watching
0
Investor Insights
star iconAug 3, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

Altagas Ltd (ALA-T) has received a range of positive reviews from experts, highlighting its solid growth potential and strong infrastructure in both the U.S. and Canada. Analysts note that ALA's business is well-positioned to benefit from the increasing demand for energy, particularly in relation to data centers that rely on natural gas. The company’s balanced portfolio, comprising approximately 45% energy infrastructure and 55% regulated utilities, offers stability while also having exposure to growth markets. Some experts express a bullish outlook on ALA, suggesting it as a buy, particularly during market sell-offs, although opinions vary regarding the timing of investments and price levels, reflecting a mixed sentiment on short-term fluctuations. Lastly, the dividend yield and steady revenue from its operations in Virginia and Western Canada contribute to its attractiveness as a long-term investment.

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Consensus
Bullish
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Valuation
Fair Value
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PPL
PAST TOP PICK
(A Top Pick May 10/17, Down 23%) He kept averaging down as it plunged last year, so it's been a strong performer as it has bounced up. That bottom should never have happened. problem was, they reported in Q3 when utilities report their weakest earnings in the warmest weather; you don't use as much lighting and heating then. So, ALA made a major acquisition at this time when they reported weak, and the market didn't like that. A good Q4 report then triggered a rally. He predicts Q1 will push this further up. What's under the radar is their new propane exports terminal starting now, which will help ALA recover. Sometimes the market is focused on the short term. Be patient.
COMMENT
Own debt rather than the stock. Acquisition from 2016-17 got delayed, too much debt, management changes. Core focus has to be on what core assets are in US. Not top of his list in the space. Have to get the debt down and sell assets. For dividend investors, it's at an OK level.
DON'T BUY
They spun out Canadian assets to pay for an American purchase. Pays a good yield, but sees better cash flow growth and a better balance sheet elsewhere.
BUY
The preferred K, a rate-reset They've done a good job of splitting up the company into two stocks. They've got things on track. You can hold this preferred. The next reset is not till 2022. ALA has to do more work, but he is confident they can dig themselves out.
WATCH
This is starting to recover. It was a darling and fell. A lot of bad news in 2018. They cut the dividend. They are now posturing the name for the next 5-10 years. He believes the company will grow. Yields about 5%. They have a number of businesses coming on stream.
HOLD
A rough year last year and is up about 30% year to date. Their acquisition caused concern for the market. The assets are still top quality. They plan to sell $3 billion in assets. Their Ridley Island propane export terminal will help. The stock will continue to grind higher. He will continue to hold it.
DON'T BUY
ALA has recently risen from the low-teens to $16 He sold this in 2016. He didn't know it then, but ALA bought a big utility in Washington. They are de-leveraging when many other companies are. He isn't fond of the cost of that utility. They just changed CEO's under strange circumstances. The CEO has cut the dividend, but not enough has changed for him. Take profits or don't own.
DON'T BUY
The 5.9% dividend appears attractive, but is it sustainable? Maybe this is okay if you can take more risk.
DON'T BUY
A good name in terms of if you want to be prone to take some risk for potential returns. Similar to energy names it has lagged recently. You can be very patient with it if you want. Don’t expect it to break out easily. Buy the weakness and don’t chase strength. He does not go after it because it does not show any relative strength. It is a range trader.
PAST TOP PICK
(A Top Pick Mar 23/18, Down 38%) He started averaging down. He is glad he hung in. He has started a drip to buy more shares. He thinks it will take a couple of years to repair.
DON'T BUY
He got out a year and a half ago. They are working out problems of too much debt and an acquisition that did not go as planned. You do not need to be there. See his top picks for one he prefers. He owns a spinout from them from last year.
COMMENT
A controversial name after the huge WGL purchase and cutting their dividend. They should be able to manage their balance sheet in the next few years. They bought WGL for growth--and that's coming. Pays a 7% dividend. A high-risk name, but they will do okay in the long run.
SELL
Normally, it would look attractive now, but since 2011 it rose way above current levels. It had a sad, awful run. It broke through any head and shoulders formation.
DON'T BUY
It has been a turnaround management style since the low $30s. They bit off bit more than they could chew. They have spun off some Canadian assets because they loaded on the debt. It has the potential of a nice yield but he worries that they might be in a position that the growth part could be sold off. It is 6.8% after the dividend cut.
DON'T BUY
Like Enbridge Jr., where debt's crowding them out and they can't afford the dividend. Dividend cut never good for long-term investors. Highlights the difference from quality companies. Problem with utilities is that rates are higher, so ALA has to live with what they have. Not a quality company, reduction in credit rating. If you want quality, this is not one to own.
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