Altagas Ltd (ALA.TO) Buy, Sell or Hold

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Altagas Ltd (ALA.TO)

55.65

+1.34 (2.47%)

as of Jun 4, 2026, 6:59:22 pm Market Open.

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Investor Insights

Jun 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.

Consensus

Buy

Valuation

Fair Value

Similar

PPL

BUY

Pretty solid. Fairly safe, like a utility. Cleaned up their act. Reasonable yield. Perhaps 10% growth, more if we're lucky. This one's OK.

BUY

Allan Tong’s Discover Picks In the year since this was a top pick, natural gas prices have soared. ALA shares have jumped 38%. Add the 3.47% dividend and shareholders have been rewarded with nearly a 42% gain. ALA shares have soared from roughly $20 to $30 since the war started in late February. Meanwhile, natural gas prices have soared 109% since the past pick date, and 126% during the war (through April 18, 2022). Read 3 Booming Resource Stocks: Fertilizer and Natural Gas for our full analysis.

BUY

A great name. It has a utility and a mid-stream business, and its valuation is still quite compelling at current levels.

BUY

Mid-stream business is extremely strong. Utility side is more underappreciated. Quietly building their rate base, which will continue to push ROEs. Not as linked to an economic slowdown. Bankable, regulated returns.

HOLD

Not accumulating here, wait for a pullback. Business focused and on track. Divested assets at strong valuations. Overhang from WGL has faded. Improving returns on US utilities. Defensiveness of a utility, but also midstream torque for growth.

BUY

Growth prospects? They went through a difficult time in the middle/end of the last decade. ALA is well-positioned now though. They've had a big change in their counter-parties with CNQ taking over Painted Pony, and a US major taking over another Canadian company; so the quality of their counter-parties has risen. What's also missed in their story is their steady utility growth in the U.S. where they were slammed for buying that utility, but those critics are now gone as ALA is enjoying steady 8% rate-based growth to boost ROE and deleverage their balance sheet a lot. He expects a dividend increase soon. He likes it and it remains one of his biggest holdings.

WEAK BUY

Acquisition took leverage up to uncomfortable levels, fire sale, cut dividend. Back on more sustainable footing. Dividend now safe and secure. Mostly a utility, with exposure to nat gas. Good place for an income play, but no robust capital appreciation potential. If you want upside exposure to nat gas, look to TOU, PEY, or others.

BUY

Nice dividend and excellent valuation. Utility and mid-stream business is doing well. Can own it here.

PAST TOP PICK

(A Top Pick Sep 25/20, Up 15%)Preferred Shares K (ALA-PR-K). Played defense while still getting some return. An alternative to cash. Can be a source of cash for future buys.

DON'T BUY

The pipelines have been secondary beneficiaries of higher oil prices. Have just started to hold their own. It is more like a utility. They will be more interest rate sensitive. Rates have begun to rise. Yielding 4%. The spread is narrowing. Inflation also makes the dividend not very large. Will probably continue to move sideways.

WEAK BUY

Pays a safe, good 4% yield. Any infrastructure company carries a lot of debt, and ALA is doing okay. Good price momentum and low volatility. He'd like to see more growth though. Stable overall. You won't go wrong collecting the dividend.

BUY

One of his favourites. He'd buy it here. Tremendous growth in its core utilities, unappreciated by the market. Midstream assets in Western Canada are very positive. New management is doing well. Should see steady increases in the dividend. Better things ahead.

WAIT

Near term, energy appears to be consolidating. Infrastructure companies have had a great run, and will take time to consolidate. Longer-term, probably a good investment. Correction only started in last couple of weeks, so this may take some time.

BUY

Still likes it. Pays a good dividend. He still sees value in the energy sector as a whole, as oil and natural gas prices will hold. [Note: audio problems]

HOLD

Delevered the balance sheet. She owns other utilities. If you own it, it's a good income stock. Attractive yield.

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Altagas Ltd (ALA.TO)