TSE:ALA

Altagas Ltd (ALA.TO)

51.91
-0.34 (0.65%)
as of Sep 11, 2026, 8:00:00 pm Market Open.
808 watching
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Investor Insights
star iconSep 12, 2026, 12:00 am

This summary was created by AI, based on 16 opinions in the last 12 months.

Altagas Ltd (ALA-T) is a diversified utility and gas processing company with a strong presence in both the U.S. and Canada. Experts praise its strategic positioning in the LNG market, highlighting its capacity to export propane and liquids while maintaining robust midstream operations. The company benefits from its involvement in data centers, particularly in Virginia, which accounts for a significant portion of U.S. data center traffic. While some analysts note its recent pullback and mixed revenue reports, there is a consensus on its potential for growth linked to AI infrastructure and the natural gas demand. They regard its mix of regulated utilities and energy infrastructure as providing stability, although the yield may be slightly lower compared to pure-play pipeline companies.

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Consensus
Positive
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Valuation
Fair Value
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Similar
PPL
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.
BUY
In the infrastructure area, midstream area, which does not avoid some of the commodity risks out there. Revolves around infrastructure and producing electricity. Good distribution.
HOLD
Doesn't see it going much higher from here but you get paid to hold it.
BUY
(Market Call Minute.) Energy infrastructure trusts. Will convert to a Corp. in 2011.
BUY
Their business is pretty diversified. They are making a spread between the price of oil and the price of gas. A stable business. Thinks the distribution is safe.
HOLD
(Market Call Minute.) Power and natural gas liquids are weak and the frac spreads are thin. Long-term it is a very well run company.
BUY
(Market Call Minute) 50% exposure to power/50% exposure to gas.
TOP PICK
Energy infrastructure balance between power and gas, with a gas part being gathering and processing and NLG extraction. Conservative and defensive in how it manages its business. A lot of hedging in place. Good balance sheet. Really, really cheap.
BUY
(Market Call Minute.) Energy infrastructure name.
TOP PICK
Natural gas. 2nd quarter results were quite strong. Has been unduly punished and is very cheap. Thinks distribution is safe. Do a very good job of hedging with 66% on the power side for 09 and 50% in 2010. On frac spreads 50% in 09 and 15%-20% in 2010. Good management ownership.
BUY
Still on a base building pattern. At this level, you could probably make a purchase with a Stop at about $14.25. Expect some resistance at about $19, which would be a good point for profit taking.
BUY
(Market Call Minute.) Midstream pipelines and some power generation in Alberta. Very steady performer.
BUY
13% yield is safe. Conservatively run. Clean balance sheet. Number of projects coming on stream. Pretty good visibility on growth. Balanced in that it has a 1) power business, 2) gathering and processing business and 3) NGL extraction. Those 3 tend to move out of step with each other so weakness in one place could have strength somewhere else. Good hedges.
BUY
Went to pipelines when things got ugly in the market. His #1 is Inter Pipeline (IPL.UN-T), #2 Pembina (PIF.UN-T), #3 Keyera (KEY.UN-T) and Altagas (ALA.UN-T). In terms of consolidation he thinks all 4 are takeover candidates by institutional holders. 13% yield is sustainable.
BUY
Gets affected by the frac spread, the difference between oil and gas. Have done a pretty good job of hedging and have diversified into wind power and energy storage.
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