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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Similar
PPL
TOP PICK
Energy infrastructure play. Basically have a balance between power, gas and utility. Benefiting from Alberta’s leverage to power prices. With Transalta (TA-T) bringing down its Sundance plant, supply dynamics has tightened up. Also benefiting from strong frac spreads. Very visible growth opportunities for the next several years. Goal is to double EBITDA by 2016. 5% yield.
PAST TOP PICK
(Top Pick Dec 29/09, Up 19.01%) Reach his targets that he set for it.
COMMENT
There would be some upside if you think the economy in Alberta is going to increase. Fairly hedged so natural gas prices do not hurt or help them too much so would be more concerned on the electricity side.
HOLD
(Market Call Minute.) Attractive from a yield perspective but doesn't see a catalyst going forward.
SELL
Announced the distribution cuts in July. Did some digging and now prefers other trusts like Northland Power. Significant exposure in gas market. Hydro market that they like is 5 years off and they don’t have expertise in hydro generation. Prefer Inter pipe, Fort Chicago.
BUY
Energy infrastructure involved in the midstream business. Have wind power and energy storage assets. Will be converting to a corp. and reduce their distribution to reflect the new dividend that they want to pay. Good price. Can generate about $100 million in free cash flow.
BUY ON WEAKNESS
Reasonable buy. Good yield. Probably $2 billion of growth projects over the next 5 years. Will probably trim distributions a little when they convert but won't be a huge slashing, maybe 15%-20%. That could be a good buying opportunity.
TOP PICK
6.94% bond maturing June 29/16. 6.3% yield. Holding the bond until maturity would not be a problem. Likes the energy space and feels gas is undervalued. Good cash flow and they don't have to issue a lot of debt. If he saw 150 basis point move in the next year or two he might look at lightening up.
SELL
Planning on converting to a corp at the beginning of the 2nd half of 2010 and looking at going from 90% payout to 40%-50%. If this happens, the dividend won't be safe. Not thrilled with the business model.
BUY
Looking quite attractive. Likes midstream infrastructure space. Has been penalized. Some exposure to field processing/gathering, which has been soft this year. Some catalysts are coming up that bode well. 11.5% yield.
SELL
(Market Call Minute.) There is a good chance there could be an equity issue and they will be cutting their distribution.
DON'T BUY
Little too much debt and got punished by the market. As they go back into a corporate entity, will the market care? He is very nervous about why the market values it as it does. It could sink down.
DON'T BUY
Energy infrastructure company. There are others he prefers better. 12% distribution is suspect.
BUY
Managed fairly conservatively. 60% of the business is gathering and midstream and midstream has been very profitable. Relatively safe. Management has indicated they will be paying a dividend of about the same level after they convert to a corp.
TOP PICK
Natural gas distributor and service company. Cash flow is not weighted towards gas price although down the road it could be weighted towards gas production volume. Almost 13% distribution could be slightly vulnerable if gas volumes drop off a lot.
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