Buy, Sell or Hold: Altagas Ltd (ALA-T) — Stock Predictions at Stockchase

Home Daily Stock Opinions and Ratings Altagas Ltd (ALA-T)

TSE:ALA

22.82

0.14 (0.61%) 1d

TOP PICK

Strong proponent of natural gas going forward(rising demand). Softer quarter has created good buying opportunity for investors. Excellent business for the long term shareholder. Utility business will have above average growth. Midstream business growing the LNG Canada ramping up (will change natural gas in Canada).

oil / gas

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BUY

Surprisingly weak. FMV is about 90% higher than current price. OK balance sheet. Good upside potential, decent dividend. Why is the stock down here? He sees value.

oil / gas

BUY

Pretty solid. Fairly safe, like a utility. Cleaned up their act. Reasonable yield. Perhaps 10% growth, more if we're lucky. This one's OK.

oil / gas

BUY

Allan Tong’s Discover Picks In the year since this was a top pick, natural gas prices have soared. ALA shares have jumped 38%. Add the 3.47% dividend and shareholders have been rewarded with nearly a 42% gain. ALA shares have soared from roughly $20 to $30 since the war started in late February. Meanwhile, natural gas prices have soared 109% since the past pick date, and 126% during the war (through April 18, 2022). Read 3 Booming Resource Stocks: Fertilizer and Natural Gas for our full analysis.

oil / gas

BUY

A great name. It has a utility and a mid-stream business, and its valuation is still quite compelling at current levels.

oil / gas

BUY

Mid-stream business is extremely strong. Utility side is more underappreciated. Quietly building their rate base, which will continue to push ROEs. Not as linked to an economic slowdown. Bankable, regulated returns.

oil / gas

HOLD

Not accumulating here, wait for a pullback. Business focused and on track. Divested assets at strong valuations. Overhang from WGL has faded. Improving returns on US utilities. Defensiveness of a utility, but also midstream torque for growth.

oil / gas

BUY

Growth prospects? They went through a difficult time in the middle/end of the last decade. ALA is well-positioned now though. They've had a big change in their counter-parties with CNQ taking over Painted Pony, and a US major taking over another Canadian company; so the quality of their counter-parties has risen. What's also missed in their story is their steady utility growth in the U.S. where they were slammed for buying that utility, but those critics are now gone as ALA is enjoying steady 8% rate-based growth to boost ROE and deleverage their balance sheet a lot. He expects a dividend increase soon. He likes it and it remains one of his biggest holdings.

oil / gas

WEAK BUY

Acquisition took leverage up to uncomfortable levels, fire sale, cut dividend. Back on more sustainable footing. Dividend now safe and secure. Mostly a utility, with exposure to nat gas. Good place for an income play, but no robust capital appreciation potential. If you want upside exposure to nat gas, look to TOU, PEY, or others.

oil / gas

BUY

Nice dividend and excellent valuation. Utility and mid-stream business is doing well. Can own it here.

oil / gas

PAST TOP PICK

(A Top Pick Sep 25/20, Up 15%)Preferred Shares K (ALA-PR-K). Played defense while still getting some return. An alternative to cash. Can be a source of cash for future buys.

oil / gas

DON'T BUY

The pipelines have been secondary beneficiaries of higher oil prices. Have just started to hold their own. It is more like a utility. They will be more interest rate sensitive. Rates have begun to rise. Yielding 4%. The spread is narrowing. Inflation also makes the dividend not very large. Will probably continue to move sideways.

oil / gas

WEAK BUY

Pays a safe, good 4% yield. Any infrastructure company carries a lot of debt, and ALA is doing okay. Good price momentum and low volatility. He'd like to see more growth though. Stable overall. You won't go wrong collecting the dividend.

oil / gas

BUY

One of his favourites. He'd buy it here. Tremendous growth in its core utilities, unappreciated by the market. Midstream assets in Western Canada are very positive. New management is doing well. Should see steady increases in the dividend. Better things ahead.

oil / gas

WAIT

Near term, energy appears to be consolidating. Infrastructure companies have had a great run, and will take time to consolidate. Longer-term, probably a good investment. Correction only started in last couple of weeks, so this may take some time.

oil / gas

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Altagas Ltd(ALA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 6

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, 6 stock analysts published opinions about ALA-T. 5 analysts recommended to BUY the stock. 0 analysts 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?

6 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 2022-12-02, Altagas Ltd (ALA-T) stock closed at a price of $22.82.

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Altagas Ltd(ALA-T) Rating

Altagas Ltd(ALA-T) Frequently Asked Questions

What is Altagas Ltd stock symbol?

Is Altagas Ltd a buy or a sell?

Is Altagas Ltd a good investment or a top pick?

Why is Altagas Ltd stock dropping?

Is Altagas Ltd worth watching?

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