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

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Altagas Ltd (ALA.TO)

55.37

+1.06 (1.95%)

as of Jun 4, 2026, 8:00:00 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-T) has garnered positive reviews from experts, with many highlighting its strong asset portfolio that includes significant operations in the US East Coast and Canadian West Coast. The company is characterized by a stable mix of energy infrastructure (approximately 45%) and regulated utilities (about 55%), which provides a balance of growth potential and stability. Analysts commend its midstream operations and the pivotal role natural gas plays in supporting data centers, particularly as natural gas demand rises with the growth of AI infrastructure. While some analysts caution about its fair valuation and recent price movements, the overall sentiment leans towards growth opportunities associated with its strategic assets, particularly in a recovering energy market. The company's consistent dividend growth and management quality further bolster its appeal among long-term investors.

Consensus

Buy

Valuation

Fair Value

Similar

PPL

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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Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

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)

DON'T BUY

If it's not a leader in the group, he won't buy it. He'd rather buy Pembina.

DON'T BUY

It has had a bit of a rough ride. They pre-funded a deal across the border with debt and then it was delayed for a number of quarters. They had to sell down some quality assets.

DON'T BUY

They got into trouble with a major US acquisition some years ago, but that was a buying opportunity to pick up their spin-out, Altagas Canada. Now, ALA is paying down debts by selling assets, so that checks off that box. They're a utility, mid-stream, a little of everything. That said, there are better opportunities elsewhere.

DON'T BUY

Starting to recover under new management. Dividend is safe, only because it was slashed earlier. Not much growth. Better ideas in energy. Lots of leverage. Valuation not compelling. What you're seeing is the dead cat bounce.

TOP PICK

2020 sets up really well for this company. They sold a lot of assets and paid down a lot of debt. They have acquired a utility business in Washington in which they have not filed the rate cases yet. They will have lower interest payments and a propane export terminal that started in the middle of last year. (Analysts’ price target is $22.36)

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Altagas Ltd (ALA.TO)