Altagas Ltd (ALA.TO) Buy, Sell or Hold

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Altagas Ltd (ALA.TO)

55.78

-0.05 (0.09%)

as of Jul 31, 2026, 8:00:00 pm Market Open.

807 watching

Investor Insights

Aug 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.

Consensus

Bullish

Valuation

Fair Value

Similar

PPL

DON'T BUY

The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.

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COMMENT

He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.

SELL

He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable.

PAST TOP PICK

(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.

BUY

Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)

DON'T BUY

This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.

COMMENT

Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.

WATCH

There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.

STRONG BUY

Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.

DON'T BUY

Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.

HOLD

They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.

DON'T BUY

Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.

TOP PICK

Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)

SELL ON STRENGTH

The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

BUY

They did a spinoff of some of their Canadian assets to pay off some of their debt. Dividend payout is high but not inconceivable that it can stay there. If they did cut the dividend, it would not be a major cut. He likes the company. There is some upside potential. There are safer names in the utility space. This is a high leveraged utility name.

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Altagas Ltd (ALA.TO)