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Altagas Ltd

ALA-T

TSE:ALA

26.23
0.18 (0.68%)
AltaGas is a North American energy infrastructure company based in Calgary, Alberta. The company operates in three business segments: gas, power generation, and utilities. The company is in the process of acquiring WGL Holdings.
More at Wikipedia

Analysis and Opinions about ALA-T

Signal
Opinion
Expert
Chart
BUY
BUY
July 27, 2021
Still likes it. Pays a good dividend. He still sees value in the energy sector as a whole, as oil and natural gas prices will hold. [Note: audio problems]
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Altagas Ltd (ALA-T)
July 27, 2021
Still likes it. Pays a good dividend. He still sees value in the energy sector as a whole, as oil and natural gas prices will hold. [Note: audio problems]
Greg Newman
Price
$26.290
Owned
Unknown
HOLD
HOLD
June 16, 2021
Delevered the balance sheet. She owns other utilities. If you own it, it's a good income stock. Attractive yield.
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Altagas Ltd (ALA-T)
June 16, 2021
Delevered the balance sheet. She owns other utilities. If you own it, it's a good income stock. Attractive yield.
PAST TOP PICK
PAST TOP PICK
May 10, 2021
(A Top Pick Apr 06/20, Up 94%) Finally the stock is getting the right mix of management pulling the right strings and time passing so that some of the thesis was being allowed to play out. It is still his largest position, thinking there is lots of good things ahead for the company.
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Altagas Ltd (ALA-T)
May 10, 2021
(A Top Pick Apr 06/20, Up 94%) Finally the stock is getting the right mix of management pulling the right strings and time passing so that some of the thesis was being allowed to play out. It is still his largest position, thinking there is lots of good things ahead for the company.
Ryan Bushell
Price
$24.240
Owned
Yes
BUY
BUY
April 27, 2021
Allan Tong’s Discover Picks AltaGas is finally winning as it deleverages and enjoys a rise in nat gas prices, from $2.03/MMBtu in 2020 to $3.04 this year and expected to be $3.11 in 2022. AltaGas’s EPS growth is declining, but at $1.74 it’s still above the $1.31 industry standard. Book value and cash flow are also above its peers. Same goes with ROE, ROI and its margins: 10.24% profit margin vs. the industry’s 9.5%. ALA’s P/E of 12.4x is just a tick above the industry standard, but analysts foresee strong growth ahead at a higher forward P/E of 13.65x. Speaking of which, ALA stock’s revenue growth in 2020 was 10.13%, which outpaced the industry’s 9.64%. Read 2 Rising Canadian Price Targets: AltaGas & Aecon for our full analysis.
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Altagas Ltd (ALA-T)
April 27, 2021
Allan Tong’s Discover Picks AltaGas is finally winning as it deleverages and enjoys a rise in nat gas prices, from $2.03/MMBtu in 2020 to $3.04 this year and expected to be $3.11 in 2022. AltaGas’s EPS growth is declining, but at $1.74 it’s still above the $1.31 industry standard. Book value and cash flow are also above its peers. Same goes with ROE, ROI and its margins: 10.24% profit margin vs. the industry’s 9.5%. ALA’s P/E of 12.4x is just a tick above the industry standard, but analysts foresee strong growth ahead at a higher forward P/E of 13.65x. Speaking of which, ALA stock’s revenue growth in 2020 was 10.13%, which outpaced the industry’s 9.64%. Read 2 Rising Canadian Price Targets: AltaGas & Aecon for our full analysis.
BUY
BUY
April 16, 2021
A quiet stock that no one is paying attention to. Trades at 12.4x 2022 expected earnings which is very reasonable. Dividend is nice and well covered. 11% EPS growth modelled. Balance sheet is not great, but it trades as a mid-stream. However, 66% of their business is utilities. A good buy at these levels.
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Altagas Ltd (ALA-T)
April 16, 2021
A quiet stock that no one is paying attention to. Trades at 12.4x 2022 expected earnings which is very reasonable. Dividend is nice and well covered. 11% EPS growth modelled. Balance sheet is not great, but it trades as a mid-stream. However, 66% of their business is utilities. A good buy at these levels.
Greg Newman
Price
$21.430
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 23, 2021
(A Top Pick Mar 04/20, Up 4%) It remains his biggest holding. A lot lies ahead for ALA. They have exposure to the western Canadian natural gas market (he's very bullish about this) through their Ridley Island propane terminal. He feels good about ALA. It's very well-positioned. They raised their dividend at the end of last year, which was earlier than he expected, and he expects it to grow more. ALA stock should reach the mid/high-20's in the next 12-24 months.
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Altagas Ltd (ALA-T)
March 23, 2021
(A Top Pick Mar 04/20, Up 4%) It remains his biggest holding. A lot lies ahead for ALA. They have exposure to the western Canadian natural gas market (he's very bullish about this) through their Ridley Island propane terminal. He feels good about ALA. It's very well-positioned. They raised their dividend at the end of last year, which was earlier than he expected, and he expects it to grow more. ALA stock should reach the mid/high-20's in the next 12-24 months.
Ryan Bushell
Price
$20.770
Owned
Yes
PARTIAL SELL
PARTIAL SELL
February 1, 2021

They've done a great job and the stock has done better lately with a pretty decent dividend yield. There is not much growth going forward. He switched some to AQN-T to get a play on the renewable. But there is nothing wrong with ALA-T.

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Altagas Ltd (ALA-T)
February 1, 2021

They've done a great job and the stock has done better lately with a pretty decent dividend yield. There is not much growth going forward. He switched some to AQN-T to get a play on the renewable. But there is nothing wrong with ALA-T.

John Zechner
Price
$19.270
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
January 6, 2021
(A Top Pick Jan 06/20, Up 2%) Represents good value here. Will get solid, steady returns on their Washington utility. Will participate in the changes to NA electrical grid. Offshore nat gas in BC is at capacity. Firing on all cylinders. Increased dividend in December, ahead of schedule.
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Altagas Ltd (ALA-T)
January 6, 2021
(A Top Pick Jan 06/20, Up 2%) Represents good value here. Will get solid, steady returns on their Washington utility. Will participate in the changes to NA electrical grid. Offshore nat gas in BC is at capacity. Firing on all cylinders. Increased dividend in December, ahead of schedule.
Ryan Bushell
Price
$19.030
Owned
Yes
COMMENT
COMMENT
November 4, 2020
Misunderstood and undervalued. Now being upgraded to outperform, and this speaks to better times ahead. Balance sheet being restructured in a positive way. Should see dividend increases next year or the one after. $17 is decent, but anywhere below $16 is a great entry point. Yield is 5-5.5%.
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Altagas Ltd (ALA-T)
November 4, 2020
Misunderstood and undervalued. Now being upgraded to outperform, and this speaks to better times ahead. Balance sheet being restructured in a positive way. Should see dividend increases next year or the one after. $17 is decent, but anywhere below $16 is a great entry point. Yield is 5-5.5%.
Ryan Bushell
Price
$17.490
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
October 27, 2020
He's followed this. They were once saddled with a ton of debt after buying a huge US utility, WGL, but have sold assets to pay that down. They're much better now. Several of their assets have done well, including their propane export facility which is tracking ahead of expectations. Last week, they announced they'll increase their stake in Petrogas which is accretive, though funded by debt. ALA is in a good position now. The dividend is safe. In a few years, they 'll have to seek opportunities elsewhere. Likes this, but look for a better entry point.
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Altagas Ltd (ALA-T)
October 27, 2020
He's followed this. They were once saddled with a ton of debt after buying a huge US utility, WGL, but have sold assets to pay that down. They're much better now. Several of their assets have done well, including their propane export facility which is tracking ahead of expectations. Last week, they announced they'll increase their stake in Petrogas which is accretive, though funded by debt. ALA is in a good position now. The dividend is safe. In a few years, they 'll have to seek opportunities elsewhere. Likes this, but look for a better entry point.
Varun Anand
Price
$16.900
Owned
No
BUY
BUY
October 13, 2020
For income investors He sold this at $18. It's likely safe to own again and the yield is safe. Stable earnings, though only single-digit growth. He's comfortable with this. It pays a 5.8% yield, paid monthly.
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Altagas Ltd (ALA-T)
October 13, 2020
For income investors He sold this at $18. It's likely safe to own again and the yield is safe. Stable earnings, though only single-digit growth. He's comfortable with this. It pays a 5.8% yield, paid monthly.
John Zechner
Price
$16.400
Owned
No
COMMENT
COMMENT
September 8, 2020
He owned it years ago when they had just did a big acquisition in the U.S. which inspired concerns over leverage. All this hit the stock. It has since bounced back with great hydro and infrastructure assets. Pays a good, consistent yield. But he prefers Brookfield Infrastructure because it has more global assets that are run by fine managers. He prefers Brookfield.
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Altagas Ltd (ALA-T)
September 8, 2020
He owned it years ago when they had just did a big acquisition in the U.S. which inspired concerns over leverage. All this hit the stock. It has since bounced back with great hydro and infrastructure assets. Pays a good, consistent yield. But he prefers Brookfield Infrastructure because it has more global assets that are run by fine managers. He prefers Brookfield.
Bryden Teich
Price
$16.780
Owned
No
BUY
BUY
August 18, 2020

The effect of the U.S. exchange rate? One of his biggest holdings. Currencies are in a race to the bottom in this era. He expects the CAD to decline vs. USD, so ALA will benefit. ALA is his largest position. The ALA stock price didn't deserve to be cut more than in half during the lockdown because 70% of their business are regulated American utilities. ALA projects 10% growth in the next 5 years on their WGL business, a regulated utility, and has reduced debt. He expects the dividend to rise in 2021. Their midstream business in BC is doing great; their propane terminal is exporting record amounts. CNQ buying Painted Pony is a plus, because PP was a big customer of ALA's. Many things are going well for ALA. They pays a 5% yield. Low risk and good reward.

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Altagas Ltd (ALA-T)
August 18, 2020

The effect of the U.S. exchange rate? One of his biggest holdings. Currencies are in a race to the bottom in this era. He expects the CAD to decline vs. USD, so ALA will benefit. ALA is his largest position. The ALA stock price didn't deserve to be cut more than in half during the lockdown because 70% of their business are regulated American utilities. ALA projects 10% growth in the next 5 years on their WGL business, a regulated utility, and has reduced debt. He expects the dividend to rise in 2021. Their midstream business in BC is doing great; their propane terminal is exporting record amounts. CNQ buying Painted Pony is a plus, because PP was a big customer of ALA's. Many things are going well for ALA. They pays a 5% yield. Low risk and good reward.

Ryan Bushell
Price
$17.950
Owned
Yes
COMMENT
COMMENT
August 17, 2020

Fortis vs. Altagas ALA is riskier, but it's starting to come into the cycle so, it's doing a lot better. Fortis is a steady-eddy withe nice free cash flow growth and trading at an okay 17.4x valuation, in line with AQN. They hold a lot of renewables, so it will do fine if Biden is U.S. president. It has US exposure. he likes them. He prefers Fortis. Some money has flowed out of here, so it's not trading at the top. With interest rates being a lot lower than before, all these names can trend up 10% in the future.

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Altagas Ltd (ALA-T)
August 17, 2020

Fortis vs. Altagas ALA is riskier, but it's starting to come into the cycle so, it's doing a lot better. Fortis is a steady-eddy withe nice free cash flow growth and trading at an okay 17.4x valuation, in line with AQN. They hold a lot of renewables, so it will do fine if Biden is U.S. president. It has US exposure. he likes them. He prefers Fortis. Some money has flowed out of here, so it's not trading at the top. With interest rates being a lot lower than before, all these names can trend up 10% in the future.

Greg Newman
Price
$18.000
Owned
Unknown
DON'T BUY
DON'T BUY
June 29, 2020

There is a possibility the price will recover within five years. It is higher risk/reward to PPL-T, however. It needs more improvement in earnings quality for him to jump in.

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Altagas Ltd (ALA-T)
June 29, 2020

There is a possibility the price will recover within five years. It is higher risk/reward to PPL-T, however. It needs more improvement in earnings quality for him to jump in.

Michael Sprung
Price
$14.980
Owned
Unknown
Showing 1 to 15 of 563 entries

Altagas Ltd(ALA-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 9

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 11

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, 11 stock analysts published opinions about ALA-T. 9 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is BUY. 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 Greg Newman on 2021-07-27. 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?

11 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 2021-07-28, Altagas Ltd (ALA-T) stock closed at a price of $26.23.