TSE:ALA

Altagas Ltd (ALA.TO)

55.65
+1.34 (2.47%)
as of Jun 4, 2026, 6:59:22 pm Market Open.
809 watching
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Investor Insights
star iconJun 4, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

Altagas Ltd (ALA) has garnered a mix of positive insights from analysts, primarily highlighting its robust asset base on both the US East Coast and Canadian West Coast. The company stands out with strong midstream operations, providing reliable support for data centers during power outages, while benefiting from natural gas demand linked to increased energy needs. Analysts notice the stock's attractive valuation at a PE of 18x and its solid dividend yield of 2.71%. There's a consensus on the stock's growth potential driven by ongoing projects and LPG export capacity. However, some caution exists regarding its recent market performance and the impact of interest rates on future valuations.

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Consensus
Buy
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Valuation
Fair Value
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Similar
PPL
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.
BUY
Very exposed to the Alberta energy market. The liquid extraction business and processing business is doing fairly well. Believes drilling activity will remain fairly constant. Looks like very good value.
BUY
(Market Call Minute.) He is buying this.
TOP PICK
Gather and process natural gas in Western Canada. Has some good upside. 8.4% yield.
BUY
A great long-term hold. Will have a very easy time converting back to a corporation. Very conservative balance sheet and payout ratio. Just acquired another high-quality company, which diversifies their asset base.
COMMENT
Provides services to the oil/gas sector in western Canada. Not too popular with the oil/gas people. Good company and very stable business. Not a favourite of his.
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