Altagas Ltd (ALA.TO)

ALA is your best pick in the space, followed by GEI. PPL and KEY round out the group of names to look at.

Strong utility growth, balance sheet, good valuation. 12.5x 2025 earnings, growing around 12%. PEG ratio of 1. Decent dividend of 4% growing at 6%. Might start to slow in 2026. Getting close to the end of this run, but still a bit more to go.

Commodity tailwinds, strong utility growth, improving balance sheet, visible midstream growth. Still cheap at 12x 2025, 11% EPS growth, nice dividend. Continues to be a good place to be for lower-moderate risk capital.

Half is gas processing and half is utilities and she likes the combination. It has been quietly exporting liquified propane gas for some time now off the coast of Washington State. Also off the coast of BC perhaps along with LNG. It is up 14% in the past year and pays a 4% dividend. It can increase its capabilities.

Because the market is slowly acknowledging how green we can get, this will benefit long into the future. With its natural gas focus, will have one of the biggest tailwinds in the space. Great dividend of 4.3%.

Good growth. Trucking right along. Wouldn't buy at these levels. Yield is 4.2%, growing at 6% per year.

Need to consider anticipated EPS growth rate. In the utility space, ALA is the clear winner on PE and price to growth.

Strong commodity tailwinds and utility growth. Balance sheet improving. Still cheap around 12x 2025, growth rate around 11%. Nice annual dividend growth. Very boring, but it works.

Would hold if already own. Quality business for the long term. Would not recommend buying at current prices (higher than historic prices). Would wait to buy on weakness. 

Very safe dividend. Expecting 10% growth rate. Very low valuation. Expecting lots of share price appreciation. Would recommend buying. Very safe dividend (~4.2%). 

Balance sheet very strong. Seeing growth in utilities. Lots of low capital/high return mid stream opportunities. Recent acquisition of Pipestone from Tidewater. Currently trading at historically good valuation. Growing dividend that is reliable. Has commodity tailwinds. Interest rates leveling out. 

Be cautious. Biggest issue is high debt level. With each acquisition, debt goes up. Transition from fossil fuels to renewables will take longer than people think, so don't sell for that reason alone. Lower debt means more free cashflow, so wait for that.

Continues to de-risk balance sheet. Growing global export margins. Low cost of capital, high returns. Acquisition looks high quality, synergistic. Low 11x valuation, growing at 11%. Sees dividend growing at 5%. Commodity tailwinds of more robust global exports plus nat gas price. Yield is 4.34%.

M&A acquisitions performing 3-4 years later.
4 years of dividend increases. 
One of largest positions.
Debt falling down to better levels.
Midstream assets performing well.
New CEO also bringing credibility.

Derisking balance sheet. Very strong utility growth. Lots of low-capital, high-return, midstream growth opportunities. Low valuation of 11x, with a 10.7% growth rate. Risk profile of a utility with the upside of LNG. Building out global exports is a key theme. Nice yield of 4.33%, growing around 5%.