TSE:ALA

Altagas Ltd (ALA.TO)

55.37
+1.06 (1.95%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
809 watching
0
Investor Insights
star iconJun 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.

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Consensus
Buy
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Valuation
Fair Value
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PPL
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.
HOLD
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
WATCH
He was shocked when they announced they were combining with a utility in Washington DC. He thought the culture was too different. The stock seems to have made some good moves in sales and is now watching this stock.
COMMENT
Rate reset vs Rate reset with a floor. The stock is down because of the credit risk. Should look at the bond, and the prefs will perform. Altagas is trading weakly, even with a floor due to this.
DON'T BUY
ALA blew itself up, and is fixing its balance sheet. They have worked out some, but not all its problems. He predicts they will sell Altagas Canada as part of their re-structuring.
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