Altagas Ltd | StockChase
354
Altagas Ltd (ALA-T)

Last Price Recorded: $29.1000 on 2017-11-16

ON STOCKCHASE SINCE Feb 2001

oil/gas

Altagas Ltd



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Date Signal Company Opinion Expert
2017-10-30
TOP PICK

ALA-T

$29.240

Altagas Ltd


Technicals are showing a really good risk/reward. Chart is showing it is running at a good level since mid-2015. If something happens below that level, you know you are missing some information that hasn't been released or, if it has been released and the market doesn't like it, you have to get out of the name. Dividend Yield of 7.6%. (Analysts' price target is $33.)

oil/gas

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder

2017-10-27
COMMENT

ALA-T

$28.960

Altagas Ltd


Has had quite a cloud hanging over it. From a technical or seasonal perspective, it is not something he would be taking a look at. Chart is showing this is starting to have an uptick, which is positive from a technical perspective. If it breaks above the $29.50-$30 level, that would be a positive signal.

oil/gas

Brooke Thackray

President

BULLISH
2017-10-27
WAIT

ALA-T

$28.960

Altagas Ltd


In the process of completing a huge merger with a Washington DC company. To him, it is a very strange marriage. He wants to see what comes out of that before getting into it. 7.6% dividend yield.

oil/gas

David Cockfield

Managing Director

OPTIMISTIC
2017-10-25
COMMENT

ALA-T

$28.630

Altagas Ltd


This got beat up with the overall industry. He just started picking some up in the last month or 2. Technically, he feels the bottom is in and the stock is starting to make some gains. This is not for the faint of heart as it is going to have some volatility. As long as you have a medium to high risk tolerance, it’s a name that you could look at accumulating.

oil/gas

Cole Kachur

Senior Wealth Advisor

2017-10-23
WAIT

ALA-T

$29.350

Altagas Ltd


He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.

oil/gas

Rick Stuchberry

Portfolio Manager

2017-10-19
TOP PICK

ALA-T

$29.540

Altagas Ltd


This provides energy infrastructure. They own power generation assets. In the process of completing a US large acquisition, this is supposed to close in the 1st half of 2018. That really changes the dynamic of the business. To fund this acquisition, they have to sell some assets, which include some California power generation assets which they bought, which were underpinned by power purchase agreements, where the power price they are getting is about half of what the current merchant price is, so those have to get refinanced and re-contracted. Dividend yield of 7.4%. (Analysts’ price target is $33.)

oil/gas

Andy Nasr

VP & Investment Strategist

2017-10-16
DON'T BUY

ALA-T

$28.430

Altagas Ltd


When you have an unusually high dividend, it is sometimes an opportunity but more often it is a sign that the market is selling off the stock thinking there is worse times coming.  ALA-T is in a down trend.  Until lower lows and lower highs stop, it is in a downward trend.  The market may be forecasting a cut in the dividend.

oil/gas

Keith Richards

Portfolio Manager

CAUTIOUS
2017-10-03
PAST TOP PICK

ALA-T

$28.590

Altagas Ltd


(A Top Pick Nov 10/16. Down 5%.) Now trading at a 7.3% yield and looks like they’re going to increase the dividend in the 4th quarter. With stocks like this, high quality with sustainable dividend yields, you can keep buying into weakness. When the strength comes you own lots of it with a good yield. They are undergoing a major acquisition, and the market perceives it to be a funding gap on how they are going to fund the purchase price.

oil/gas

Ryan Bushell

V. P. & Portfolio Manager

2017-10-03
TOP PICK

ALA-T

$28.590

Altagas Ltd


A bit decentralized as they operate in a lot of districts, California, BC, Alberta, Michigan, and now trying to acquire a utility provider in the Maryland-DC-Virginia area. Feels the company is misunderstood. Management explained “The market perceives a funding gap for the acquisition, but if we were selling assets right now, the regulator who has to approve the transaction would think that was presumptuous.”, meaning they would think they were getting ahead of themselves by purchasing this asset before the regulator said yes. They are just minding their Ps & Qs with the regulator and have a plan ready to go. Dividend yield of 7.3%. (Analysts’ price target is $33.50.)

oil/gas

Ryan Bushell

V. P. & Portfolio Manager

2017-09-28
BUY

ALA-T

$28.860

Altagas Ltd


Energy infrastructures are going to start to come alive with a better energy trade. They did an acquisition and are pinched a little by the rising Cdn$, but all in all thinks it is going to work out for them. 3% dividend yield.

oil/gas

Greg Newman

Director & Portfolio Manager

BULLISH
2017-09-27
WEAK BUY

ALA-T

$28.720

Altagas Ltd


A good combination of a mid-streamer as well as a utility. They’ve migrated more into the power producer and utility area. They continued to make that migration by making a big US acquisition, which should close some time next year. The stock has been in neutral as investors wait to make sure the deal closes. Pays a good dividend. Will probably move sideways until the deal closes, and then do better after that.

oil/gas

Alex Ruus

Portfolio Manager

OPTIMISTIC
2017-09-26
COMMENT

ALA-T

$28.870

Altagas Ltd


This has gone through a pretty brutal year. He owns this in certain accounts for the income. Pays a 7.2% yield, and that dividend is safe. They have power plants in California that they need to get contracts for, which is a bit of an overhang. But then they made the GWL acquisition, a gas distributor on the east coast. It is going to take time to settle. The stock went down on no news, which is an interesting signal, physically saying that Selling is done. That is an interesting time to pick up the stock. You are getting paid while you wait.

oil/gas

Lyle Stein

Sr. Portfolio & Managing Director

2017-09-20
TOP PICK

ALA-T

$28.210

Altagas Ltd


Subscription Receipts. They did a big deal with the WGL in Washington, and there is a bit of pressure there, but positive and the fact that you get your $31 back if the deal doesn’t work, and a 7% monthly income to wait. Dividend yield of 7.3%. (Analysts’ price target is $33.)

oil/gas

Zachary Curry

Chief Operating Officer & Portfolio Manager

BULLISH on CANADIAN MARKET
2017-09-13
TOP PICK

ALA-T

$27.590

Altagas Ltd


Incredibly cheap, and mispriced. The market doesn’t like that they made a transformational acquisition of WGL, the US utility. It is going to have to go through a year’s worth of regulatory reviews, but it will double their earnings, and effectively their yields and dividends will increase in about a year’s time. They beat numbers last quarter. Dividend yield of 7.6%. (Analysts’ price target is $33.)

oil/gas

Paul Gardner, CFA

Partner and Portfolio Manager

2017-09-07
BUY on WEAKNESS

ALA-T

$27.650

Altagas Ltd


They acquired Washington Gas and Electric.  The acquisition, when it closes in mid 2018, is weighing on the stock.  There are subscription receipts that are selling higher than the stock.  If it does not go through you get your money back.  You clip a dividend along the way.  There is a 20% chance the deal does not go through.  It is cheap compared to other companies.  He has been buying on dips.  There may be a concern that they have to raise more equity.  It is a well run company and have a history of bringing projects on time and under budget.

oil/gas

Michael Simpson, CFA

Senior Vice-President

CAUTIOUS
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5 Comments

Mark Sewell

January 31st 2014 at 3:28pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 3:29pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

Mark Sewell

January 31st 2014 at 3:33pm

Excellent company, just sold it today.
Too hot and needs a pull back to the lower band of the daily channel ($36-37)
it is on my radar.

jordy

March 4th 2014 at 7:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?

jordy

March 4th 2014 at 7:06am

TD forecasting free cash flow of $4.03 for 2015. Nice chart. What's not to like?


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