
TSE:ALA
This summary was created by AI, based on 16 opinions in the last 12 months.
Altagas Ltd (ALA-T) presents a mixed but generally favorable outlook among analysts, who appreciate its strategic positioning in both utility and gas processing sectors. The company benefits from strong demand in the data center space, particularly due to its presence in Virginia, home to a significant portion of U.S. data centers. Analysts highlight Altagas's growth potential, especially with investments in LNG export projects and relationships in Asia that can serve as a competitive advantage amid Middle East disruptions. While some analysts suggest waiting for a market dip to buy, there is a consensus that the company is well-positioned for future expansion. Overall, it is viewed as a valuable player with steady cash flows and potential upside from its diversified operations.
Strong utility growth. Very good valuation. As earnings move up, still trading at 12.5x 2025 earnings, estimated 12% growth rate. Dividend growing at 6%.
As breadth widens in this market, so many areas to put money. Don't forget about a name like this, hit a nice single without too much headache.
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.
ALA trades at 12x earnings, growing at 12%. On PEG ratio, it's cheaper. Yield is 4%, growing comfortably at 5-8%.
BCE is paying a wonderful dividend. PE is more expensive. No growth right now, perhaps will see 3% in a couple of years. At $47, still a bit of upside from today's levels. Regulatory announcements have to go well for BCE, still pricing issues, still a bit of wood to chop.
For fresh money, ideally split it between both. If he had to choose one, it would be ALA.