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TSE:ALA

Altagas Ltd (ALA.TO)

52.25
-1.47 (2.74%)
as of Aug 21, 2026, 8:00:00 pm Market Open.
808 watching
0
Investor Insights
star iconAug 23, 2026, 12:00 am

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

Altagas Ltd (ALA-T) has garnered mixed yet generally positive sentiment from experts, primarily due to its unique position in the energy sector, which is characterized by a balanced mix of regulated utilities and gas processing infrastructure. The company has strong growth prospects, particularly as it capitalizes on LNG export opportunities and increasing demand from data centers. Its robust relationships in Asia enable it to navigate potential disruptions in the Middle East effectively. Analysts highlight that Altagas's growth rate outpaces competitors like Pembina and Capital Power, adding to its attractiveness for investments. While some experts recommend holding or timing purchases for market pullbacks, the overall outlook remains bullish, showcasing confidence in the stock's future performance.

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Consensus
Bullish
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Fair Value
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PPL
BUY
They are trying to rebalance following the Washington asset acquisition. No one liked the cut in dividend, but it was prudent. The stock has bounced and the yield is around 5%. He thinks the market is not valuing it fully. They are selling assets at good prices and Washington Power had a great earnings quarter. The propane export terminal in Vancouver is a huge investment that is starting to pay off.
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.
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