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Investor Insights

This summary was created by AI, based on 24 opinions in the last 12 months.

The experts' reviews paint a positive picture of Altagas Ltd, highlighting its strong position in the natural gas and midstream segment, along with a solid balance sheet and sustainable dividend growth. The company is seen as a good long-term investment, with expectations of continued earnings and cash flow growth. Some suggest that it may be a good time to buy or add to the stock, while others caution about buying at current higher prices but recommend waiting for a potential dip to strengthen one's position.

Consensus
Positive
Valuation
Fair Value
Similar
TransCanada, TRP
PAST TOP PICK
Altagas Ltd
(A Top Pick Nov 03/23, Up 27%)

Picked for natural gas tailwinds with cheap share price. Good midstream business with global exports. Excellent value in the share price - at the time. Still priced fairly. Expecting earnings, cash flow and dividend to continue growing. A good company to continue to hold/ 

oil / gas
BUY ON WEAKNESS
Altagas Ltd

They're not that tied to the oil price, because they're more into natural gas and a midstream segment. This has pulled back with most utilities, due to interest rates and general profit taking. A well-run company that pays a good dividend. Not a bad name in utilities.

oil / gas
BUY
Altagas Ltd

Trend is going in the correction direction. Would recommend investing. Ok place to be adding.  

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Aug 16/23, Up 43%)

He still likes it for the strengthening balance sheet and utility growth. It is a good infrastructure play and is still cheaper than its peers.

oil / gas
BUY
Altagas Ltd

A good play, done very well. No reason not to own. Good future, especially with extra takeaway capacity coming online. Infrastructure opportunities in Western Canada are superb.

Instead, he owns PPL and ENB, mainly because of the higher dividend yields.

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Aug 16/23, Up 35%)

Growth starting to slow a bit, but still near 7.5%; when you combine that with the dividend, still makes sense on a PEG of ~1. Trades at 13x 2026, cheaper than most peers. GEI starting to bite its heels, but still works.

oil / gas
premium

It's a Monthly Gems opinion which is available only for Premium members

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK
Altagas Ltd

Debt is down, and the dividend is a healthy 3.64% based on a 55% payout ratio. True, the PE has been climbing in the past year, now just under 16x, but historically it's 17.33x. Though shares have rallied 18% so far this year, the street expects them to climb another 10% to an average price of $35.90. Note that as of this writing on the morning of August 1, shares were jumping over 2%, and analyst upgrades will likely follow. ALA is for traders and income investors alike.

oil / gas
BUY
Altagas Ltd

Exposed to AI, the growth in data centres, particularly in one county in Virginia (they say it's home to 60-70% of all US internet traffic). They need server farms, and natural gas is the backup power. The local electrical power producer can't keep up with all the demand that everyone's buying NVDA for. Nice yield.

oil / gas
TOP PICK
Altagas Ltd

He is thinking of buying it this week. It has a solid dividend and trend and he thinks the dividend goes up. Is looking for a stock price in the mid 30's by year end.. He would sell below $28.              Buy 11  Hold 0  Sell 0

(Analysts’ price target is $34.91)
oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Jun 27/23, Up 35%)

Still likes business and will continue to own. Balance sheet continues to improve. Trading at a reasonable price. Expecting further growth. Growth better than peers. Excellent assets that are hard to replicate. 

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Apr 11/23, Up 37%)

A long term shareholder - will continue to own. Problems from 2017/18 have been fixed. Dividend continues to rise. Very good assets that continue to perform. 

oil / gas
PARTIAL BUY
Altagas Ltd
ALA vs. BCE

ALA trades at 12x earnings, growing at 12%. On PEG ratio, it's cheaper. Yield is 4%, growing comfortably at 5-8%.

BCE is paying a wonderful dividend. PE is more expensive. No growth right now, perhaps will see 3% in a couple of years. At $47, still a bit of upside from today's levels. Regulatory announcements have to go well for BCE, still pricing issues, still a bit of wood to chop.

For fresh money, ideally split it between both. If he had to choose one, it would be ALA. 

oil / gas
PAST TOP PICK
Altagas Ltd
(A Top Pick Mar 03/23, Up 35%)

Strong utility growth. Very good valuation. As earnings move up, still trading at 12.5x 2025 earnings, estimated 12% growth rate. Dividend growing at 6%. 

As breadth widens in this market, so many areas to put money. Don't forget about a name like this, hit a nice single without too much headache.

oil / gas
BUY
Altagas Ltd

Turned the corner, righted the ship, financially solid footing, sustainable dividend growth. As good a name as any in the mid-stream energy space. No quarrel owning. He owns TRP instead, with a more immediate catalyst of a company split.

oil / gas
BUY
Altagas Ltd

ALA is your best pick in the space, followed by GEI. PPL and KEY round out the group of names to look at.

oil / gas
Showing 1 to 15 of 622 entries

Altagas Ltd(ALA-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 21

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 21

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, 21 stock analysts published opinions about ALA-T. 21 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?

21 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 2024-11-20, Altagas Ltd (ALA-T) stock closed at a price of $34.66.