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

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Altagas Ltd (ALA.TO)

51.91

-0.34 (0.65%)

as of Sep 11, 2026, 8:00:00 pm Market Open.

808 watching

Investor Insights

Sep 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.

Consensus

Positive

Valuation

Fair Value

Similar

PPL

BUY

The effect of the U.S. exchange rate? One of his biggest holdings. Currencies are in a race to the bottom in this era. He expects the CAD to decline vs. USD, so ALA will benefit. ALA is his largest position. The ALA stock price didn't deserve to be cut more than in half during the lockdown because 70% of their business are regulated American utilities. ALA projects 10% growth in the next 5 years on their WGL business, a regulated utility, and has reduced debt. He expects the dividend to rise in 2021. Their midstream business in BC is doing great; their propane terminal is exporting record amounts. CNQ buying Painted Pony is a plus, because PP was a big customer of ALA's. Many things are going well for ALA. They pays a 5% yield. Low risk and good reward.

COMMENT

Fortis vs. Altagas ALA is riskier, but it's starting to come into the cycle so, it's doing a lot better. Fortis is a steady-eddy withe nice free cash flow growth and trading at an okay 17.4x valuation, in line with AQN. They hold a lot of renewables, so it will do fine if Biden is U.S. president. It has US exposure. he likes them. He prefers Fortis. Some money has flowed out of here, so it's not trading at the top. With interest rates being a lot lower than before, all these names can trend up 10% in the future.

DON'T BUY

There is a possibility the price will recover within five years. It is higher risk/reward to PPL-T, however. It needs more improvement in earnings quality for him to jump in.

STRONG BUY

He has recommended ALA more than any other analyst, he reckons. He thinks people don't understand how they have transformed the regulated utility into an entity with a lot of upside. He thinks it is under valued and just bought more this week. One of the most attractive investments in this uncertain market right now. Yield 6%.

HOLD

They do not own ALA. When they bought a Washington utility it took time to re-balance the portfolio. If you own it, you could continue to do so. A good investment if you are looking for utility exposure.

BUY ON WEAKNESS

PPL & ALA? PPL at $18.50 is his target buy price. ALA might be a good buy if we take out the lows of March.

COMMENT

ALA was just upgraded by his firm. It has 55% of their earnings from regulated utility activities. If you are looking to sleep better at night, ENB has a less risky business model. Their risk is from growth being halted with recent pipeline protests.

BUY

They have US dollars coming in now. This is not at the top of his list but you get a decent dividend yield and the balance sheet is in better shape. It is probably a decent buy.

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TOP PICK

Utilities have been one sector that have weathered the COVID-19 storm yet held onto their dividends. Northland Power, for example, has shed 9.3% in the past month compared to the TSX's -14%. However, how many identify Altagas as a utility? Actually, 70% of this Canadian company's business is in American utilities, so right off the bat they benefit from the rising U.S. greenback. Like all utilities, ALA's revenues are assured. Ryan Bushell calls Altagas the most mis-priced security in his portfolio and recently named it a top pick. Sure, Altagas has endured a rough few years, spinning off its Canadian operations into Altagas Canada in order to finance a massive utility in the States, but its sell-off from $22.74 at the market peak of February 19 to $9.32 at the March 23 trough is overdone, even in today's market. In the past month, ALA has plunged nearly 30%, but in the past five days it has soared 17% vs. the TSX's 5.3% and Northland's 2.2%. It currently pays a 6.9% dividend with a current price target of $18.43, which represents 27% upside. Tip to Altagas: maybe it's time for a name change.

TOP PICK

It is the most miss-priced security in the portfolio. 70% of it is US utilities. They had a favourable impact from currency in this. It has about a 7% yield. (Analysts’ price target is $18.43)

HOLD

He thinks they have continued to maintain and deliver cash flow while paying a strong dividend. You are getting paid to wait.

HOLD

All the midstream companies were hit hard yesterday -- down almost 20%. She does not own it, but would recommend continuing to hold it as the yield is attractive.

TOP PICK

He liked this more when it was $20.55. It trades at 3/4s of the valuation of their utility peers. They expect an 8-10% growth in the rate payer base. You want to own regulated utilities going forward. They are likely to increase the dividend again next year. Yield 4.43% (Analysts’ price target is $23.14)

HOLD

Gas companies and commodity companies have been hated. This stock looks healthy form a technical perspective. It had a long base and then it broke out. Now it looks like it's testing that level. It probably has limited down side risk.

HOLD

A hold at current prices. Purchase of Washington Electric is working out pretty well. A more defensive company now. There are better names out there. He owns ENB and TRP. (Analysts’ price target is $23.14)

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Altagas Ltd (ALA.TO)