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Investor Insights

This summary was created by AI, based on 22 opinions in the last 12 months.

Experts are generally positive about Altagas Ltd, noting its strong growth potential and improving balance sheet. The company's focus on natural gas and utility business, along with its dividend yield, makes it a desirable investment for many. However, concerns about the company's debt levels and the transition from fossil fuels to renewables are also mentioned. Overall, the stock is seen as a solid choice for lower-moderate risk capital with good long-term potential.

Consensus
Positive
Valuation
Undervalued
PAST TOP PICK
Altagas Ltd
(A Top Pick Dec 20/22, Up 25%)

Commodity tailwinds, strong utility growth, improving balance sheet, visible midstream growth. Still cheap at 12x 2025, 11% EPS growth, nice dividend. Continues to be a good place to be for lower-moderate risk capital.

oil / gas
Unspecified
Altagas Ltd

Half is gas processing and half is utilities and she likes the combination. It has been quietly exporting liquified propane gas for some time now off the coast of Washington State. Also off the coast of BC perhaps along with LNG. It is up 14% in the past year and pays a 4% dividend. It can increase its capabilities.

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Aug 08/23, Up 11%)

Because the market is slowly acknowledging how green we can get, this will benefit long into the future. With its natural gas focus, will have one of the biggest tailwinds in the space. Great dividend of 4.3%.

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Apr 11/23, Up 29%)

Good growth. Trucking right along. Wouldn't buy at these levels. Yield is 4.2%, growing at 6% per year.

oil / gas
BUY
Altagas Ltd

Need to consider anticipated EPS growth rate. In the utility space, ALA is the clear winner on PE and price to growth.

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Dec 20/22, Up 29%)

Strong commodity tailwinds and utility growth. Balance sheet improving. Still cheap around 12x 2025, growth rate around 11%. Nice annual dividend growth. Very boring, but it works.

oil / gas
BUY ON WEAKNESS
Altagas Ltd

Would hold if already own. Quality business for the long term. Would not recommend buying at current prices (higher than historic prices). Would wait to buy on weakness. 

oil / gas
BUY
Altagas Ltd

Very safe dividend. Expecting 10% growth rate. Very low valuation. Expecting lots of share price appreciation. Would recommend buying. Very safe dividend (~4.2%). 

oil / gas
TOP PICK
Altagas Ltd

Balance sheet very strong. Seeing growth in utilities. Lots of low capital/high return mid stream opportunities. Recent acquisition of Pipestone from Tidewater. Currently trading at historically good valuation. Growing dividend that is reliable. Has commodity tailwinds. Interest rates leveling out. 

oil / gas
WATCH
Altagas Ltd

Be cautious. Biggest issue is high debt level. With each acquisition, debt goes up. Transition from fossil fuels to renewables will take longer than people think, so don't sell for that reason alone. Lower debt means more free cashflow, so wait for that.

oil / gas
TOP PICK
Altagas Ltd

Continues to de-risk balance sheet. Growing global export margins. Low cost of capital, high returns. Acquisition looks high quality, synergistic. Low 11x valuation, growing at 11%. Sees dividend growing at 5%. Commodity tailwinds of more robust global exports plus nat gas price. Yield is 4.34%.

(Analysts’ price target is $32.00)
oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Nov 11/22, Up 14%)

M&A acquisitions performing 3-4 years later.
4 years of dividend increases. 
One of largest positions.
Debt falling down to better levels.
Midstream assets performing well.
New CEO also bringing credibility.

oil / gas
TOP PICK
Altagas Ltd

Derisking balance sheet. Very strong utility growth. Lots of low-capital, high-return, midstream growth opportunities. Low valuation of 11x, with a 10.7% growth rate. Risk profile of a utility with the upside of LNG. Building out global exports is a key theme. Nice yield of 4.33%, growing around 5%.

(Analysts’ price target is $31.79)
oil / gas
TOP PICK
Altagas Ltd

Has owned this for a long time. He added in the past year when shares were in the dumps, and has seen a nice upside in the past year as it pays a nice 4.5% dividend. Recent earnings were decent and they're paying down debt. They had a favourable ruling in the U.S. over a pipeline. Selling an asset will accelerate debt repayments. Buy a half position and do the DRIP. You don't have to be bullish in natural gas to buy this, not as much. The technicals show nat gas is basing nicely. ALA collects a toll of whatever flows through their pipeline, but of course the more volume the better

(Analysts’ price target is $31.79)
oil / gas
BUY
Altagas Ltd

Recent earnings report was strong.
Dividend is safe - very good at coverage.
Defensive name with utilities style business.
Current share price good time to buy.
Forest fires tough on business, but overall a good business. 
Higher interest rates weigh on cost of capital - but not overwhelming concern. 

oil / gas
Showing 1 to 15 of 606 entries

Altagas Ltd(ALA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 11

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 12

Stockchase rating for Altagas Ltd is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Altagas Ltd(ALA-T) Frequently Asked Questions

What is Altagas Ltd stock symbol?

Altagas Ltd is a Canadian stock, trading under the symbol ALA-T on the Toronto Stock Exchange (ALA-CT). It is usually referred to as TSX:ALA or ALA-T

Is Altagas Ltd a buy or a sell?

In the last year, 12 stock analysts published opinions about ALA-T. 11 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Altagas Ltd.

Is Altagas Ltd a good investment or a top pick?

Altagas Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Altagas Ltd.

Why is Altagas Ltd stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Altagas Ltd worth watching?

12 stock analysts on Stockchase covered Altagas Ltd In the last year. It is a trending stock that is worth watching.

What is Altagas Ltd stock price?

On 2024-02-26, Altagas Ltd (ALA-T) stock closed at a price of $28.44.