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TSE:ALA

Altagas Ltd (ALA.TO)

52.25
-1.47 (2.74%)
as of Aug 21, 2026, 8:00:00 pm Market Open.
808 watching
0
Investor Insights
star iconAug 23, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

Altagas Ltd (ALA-T) has garnered mixed yet generally positive sentiment from experts, primarily due to its unique position in the energy sector, which is characterized by a balanced mix of regulated utilities and gas processing infrastructure. The company has strong growth prospects, particularly as it capitalizes on LNG export opportunities and increasing demand from data centers. Its robust relationships in Asia enable it to navigate potential disruptions in the Middle East effectively. Analysts highlight that Altagas's growth rate outpaces competitors like Pembina and Capital Power, adding to its attractiveness for investments. While some experts recommend holding or timing purchases for market pullbacks, the overall outlook remains bullish, showcasing confidence in the stock's future performance.

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Consensus
Bullish
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Valuation
Fair Value
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PPL
TOP PICK
Strong utility growth. Has a low capital intensive, high-growth model for their midstream operation. Will delever a lot in 2023. They just raised their dividend by 6%. It trades at 10x 2024 and he models 12% annual growth. Pays a nice 4.6% dividend. Shares had a nice move down, so now is a good time to buy it. Enjoy commodities tailwinds. (Analysts’ price target is $31.60)
Unspecified
It has a good outlook and good growth in the utility segment. Has a 4 1/2 % yield and pretty good balance sheet.
BUY
They own one of the largest positions. It has two businesses. One part is a utility company, with gas distribution is the U.S. growing well along with good rate increases. It is also a midstream business with pipeline projects including energy infrastructure, a high growth area. It is a really safe stock to own and has the best growth prospects with both businesses. There has been a dividend increase. They are focused on getting debt levels down.
TOP PICK
Strong proponent of natural gas going forward(rising demand). Softer quarter has created good buying opportunity for investors. Excellent business for the long term shareholder. Utility business will have above average growth. Midstream business growing the LNG Canada ramping up (will change natural gas in Canada).
BUY
Surprisingly weak. FMV is about 90% higher than current price. OK balance sheet. Good upside potential, decent dividend. Why is the stock down here? He sees value.
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.
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