TSE:ALA

Altagas Ltd (ALA.TO)

55.78
-0.05 (0.09%)
as of Jul 31, 2026, 8:00:00 pm Market Open.
807 watching
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Investor Insights
star iconAug 3, 2026, 12:00 am

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

Altagas Ltd (ALA-T) has received a range of positive reviews from experts, highlighting its solid growth potential and strong infrastructure in both the U.S. and Canada. Analysts note that ALA's business is well-positioned to benefit from the increasing demand for energy, particularly in relation to data centers that rely on natural gas. The company’s balanced portfolio, comprising approximately 45% energy infrastructure and 55% regulated utilities, offers stability while also having exposure to growth markets. Some experts express a bullish outlook on ALA, suggesting it as a buy, particularly during market sell-offs, although opinions vary regarding the timing of investments and price levels, reflecting a mixed sentiment on short-term fluctuations. Lastly, the dividend yield and steady revenue from its operations in Virginia and Western Canada contribute to its attractiveness as a long-term investment.

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Consensus
Bullish
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Valuation
Fair Value
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PPL
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)
HOLD
They had become over leveraged in Canada. The fall from $30 has yet to recover. Permian production in the US could fall, but it is not enough to drive natural gas prices to drive back to $4 per mcf. This is a hold right here.
DON'T BUY
There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.
BUY
It's now breaking a long-term downtrend and now starting an uptrend. He likes the chart. Good, strong dividend. As long as it doesn't break the recent low around $17, this will do well. He likes the chart.
PARTIAL SELL
Start selling it off gradually. ALA may go higher, but take profits a bit.
BUY
Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.
PAST TOP PICK
(A Top Pick Oct 19/18, Down 6%) He is now out of it. There was doubt about their ability to sell assets and about their debt load. Longer term, their business is fine. They had to cut the dividend last year. He prefers the infrastructure space right now. This is still a fine company.
BUY ON WEAKNESS
They have been on a roller coaster for the last few years. The dividend is still on ice for a while until they de-lever a bit more. He likes the name but is not in it now. He would buy on a significant pullback.
PAST TOP PICK
(A Top Pick Oct 31/18, Up 24%) He bought it for the dividend after a big pullback. He's holding on for that dividend. Energy will come alive at some point, and ALA will benefit. This is more of an electric generator (than oil), though tied to Alberta.
PAST TOP PICK
(A Top Pick Sep 26/18, Up 1%) It was up and back. It got completely misunderstood by the marketplace. They were forced by the market to cut the dividend because it was at 15% but they didn’t need to. They are investing in a utility at a great rate of return and you will see it start to seep into the company returns. You should see a dividend increase next year.
BUY
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
PAST TOP PICK
(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.
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