Altagas Ltd | StockChase
370
Altagas Ltd (ALA-T)

Last Price Recorded: $29.1300 on 2018-01-15

ON STOCKCHASE SINCE Feb 2001

oil/gas
370
Altagas Ltd (ALA-T)

Last Price Recorded: $29.1300 on 2018-01-15

ON STOCKCHASE SINCE Feb 2001

oil/gas

Altagas Ltd


Signal Opinion Expert
BUY
Altagas Ltd(ALA-T) 

January 12, 2018

He really likes the utility space in Canada. It's a sector he feels will do well this year. Made a good acquisition and are almost through the regulatory process, which is just a few more hurdles. Not trading at an expensive multiple, and you are getting about a 6.5% yield.

oil/gas

He really likes the utility space in Canada. It's a sector he feels will do well this year. Made a good acquisition and are almost through the regulatory process, which is just a few more hurdles. Not trading at an expensive multiple, and you are getting about a 6.5% yield.

oil/gas
Bryden Teich

Portfolio Manager, Avenue Investment Ma...

PricePrice
$29.080
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

January 9, 2018

Feels the dividend on this is safe. They are in the process of making a big US acquisition, which is supposed to close later this year. That could be a bit of an overhang until they actually close it. A good income stock. Dividend yield of 7.5%.

oil/gas

Feels the dividend on this is safe. They are in the process of making a big US acquisition, which is supposed to close later this year. That could be a bit of an overhang until they actually close it. A good income stock. Dividend yield of 7.5%.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$28.840
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

January 8, 2018

The chart shows it is approaching an old support level it bounced off of in 2015 several times. The chart is not showing too many signs of it wanting to break out. Recent highs have been progressively lower and the lows are progressively lower as well. It could go back down to the mid-$20. He looked at it recently, and it didn't interest him enough to buy it.

oil/gas

The chart shows it is approaching an old support level it bounced off of in 2015 several times. The chart is not showing too many signs of it wanting to break out. Recent highs have been progressively lower and the lows are progressively lower as well. It could go back down to the mid-$20. He looked at it recently, and it didn't interest him enough to buy it.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$29.050
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

January 5, 2018

Your greatest concern would be how much of their actual earnings/cash flow are they paying out. In this case, on a 4-quarter trailing base, it would be 65%. A year ago, it was a bit higher at 57%. When buying a stock, you should buy it with a payout of less than 75%, so this one qualifies. The overall rank in his dividend strategy is 122, so it appears to be a reasonable bet. Dividend yield of 7.5%.

oil/gas

Your greatest concern would be how much of their actual earnings/cash flow are they paying out. In this case, on a 4-quarter trailing base, it would be 65%. A year ago, it was a bit higher at 57%. When buying a stock, you should buy it with a payout of less than 75%, so this one qualifies. The overall rank in his dividend strategy is 122, so it appears to be a reasonable bet. Dividend yield of 7.5%.

oil/gas
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$29.180
Owned Owned
Unknown

PAST TOP PICK
Altagas Ltd(ALA-T) 

January 4, 2018

(A Top Pick Feb 14/17. Down 1%.) This continues to be one of the best price securities in the marketplace. 7.5% dividend yield and a solid management team.

oil/gas

(A Top Pick Feb 14/17. Down 1%.) This continues to be one of the best price securities in the marketplace. 7.5% dividend yield and a solid management team.

oil/gas
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$29.120
Owned Owned
Yes

TOP PICK
Altagas Ltd(ALA-T) 

January 4, 2018

This already has some assets in the US, but they are now looking to buy a big utility. There are a lot of concerns that this makes the company more complicated, but the company has been a good steward of capital for a long period of time. The stock is down 30% over the last 2.5 years, and the dividend is up 30%, and he doesn't know how much better it gets than that for an opportunity. Dividend yield of 7.6%. (Analysts' price target is $33.)

oil/gas

This already has some assets in the US, but they are now looking to buy a big utility. There are a lot of concerns that this makes the company more complicated, but the company has been a good steward of capital for a long period of time. The stock is down 30% over the last 2.5 years, and the dividend is up 30%, and he doesn't know how much better it gets than that for an opportunity. Dividend yield of 7.6%. (Analysts' price target is $33.)

oil/gas
Ryan Bushell

President, Newhaven Asset Manag...

PricePrice
$29.120
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

December 20, 2017

(A Top Pick July 27/16. Down 3.17%.) You are going to get 7% dividend to wait for them to close their deal in the US. A very complicated transaction. You are doubling the size of this company and they are essentially buying the natural gas distribution around Washington DC area. It's a great platform for them to grow their business incrementally and you are going to have to wait.

oil/gas

(A Top Pick July 27/16. Down 3.17%.) You are going to get 7% dividend to wait for them to close their deal in the US. A very complicated transaction. You are doubling the size of this company and they are essentially buying the natural gas distribution around Washington DC area. It's a great platform for them to grow their business incrementally and you are going to have to wait.

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$28.660
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

December 15, 2017

Doesn't cover this one actively. They did a deal in the US that looks accretive. He prefers Penbina (PPL-T) which has a much better growth rate and a clearer thesis. The payout ratio, it is something like 5% of free cash flow, and he thinks you are going to be fine in terms of the dividend.

oil/gas

Doesn't cover this one actively. They did a deal in the US that looks accretive. He prefers Penbina (PPL-T) which has a much better growth rate and a clearer thesis. The payout ratio, it is something like 5% of free cash flow, and he thinks you are going to be fine in terms of the dividend.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$29.040
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

December 14, 2017

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas

He likes the name.  There is the uncertainty of the acquisition in the US.  They are going through the process of getting state approval.  They are down to one district.  It will probably come in March or April.  Some announced divestitures will probably be a catalyst for the stock.

oil/gas
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$29.200
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

December 12, 2017

Alta Gas (ALA-T) or Inter Pipeline (IPL-T)? This has a US acquisition which is expected to close next year that provides an attractive yield. She doesn't have a bias towards one or the other, and you can do either one.

oil/gas

Alta Gas (ALA-T) or Inter Pipeline (IPL-T)? This has a US acquisition which is expected to close next year that provides an attractive yield. She doesn't have a bias towards one or the other, and you can do either one.

oil/gas
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$28.840
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

December 6, 2017

This has done nothing, but it pays a decent dividend of 7.5%. Recently increased the dividend by about 4%. They are making a big acquisition in the US, but the regulatory process is very slow. They are dealing with 3 states and the District of Columbia, and have to go through each one. He thinks it will go through and will be a good deal for them.

oil/gas

This has done nothing, but it pays a decent dividend of 7.5%. Recently increased the dividend by about 4%. They are making a big acquisition in the US, but the regulatory process is very slow. They are dealing with 3 states and the District of Columbia, and have to go through each one. He thinks it will go through and will be a good deal for them.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$29.010
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

December 4, 2017

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas

(A Top Pick Oct 28/16. Down 7%.) He still likes this. The stock had a bottoming process in Aug/Sept. There is some resistance at around $30 which he would like to get above, which would get this back in the $31 range, and then there is not a lot of room before it can get back up to $35. The numbers are starting to look pretty good. They just raised the dividend, so it should be safe. Still a Buy.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$29.090
Owned Owned
Yes

BUY
Altagas Ltd(ALA-T) 

December 1, 2017

He owns it in income oriented accounts for the yield.  They are paying, and recently increased, the dividend.  They announced the acquisition of WGL-N and would have to raise capital, which spooked the market.     After this they will become a significant player n the US. 

oil/gas

He owns it in income oriented accounts for the yield.  They are paying, and recently increased, the dividend.  They announced the acquisition of WGL-N and would have to raise capital, which spooked the market.     After this they will become a significant player n the US. 

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$29.400
Owned Owned
Yes

BUY on WEAKNESS
Altagas Ltd(ALA-T) 

November 29, 2017

He would buy this when it is down. An energy infrastructure company, but doesn’t get credit that a lot of its operating profit is not particularly commodity sensitive. Has great renewable energy contracts, 20-25 years duration, indexed to inflation. On top of that, there is a US acquisition they will be completing next year, which reduces their commodity price exposure even further. Hopefully that causes the stock to get re-rated. Dividend yield of 7.6%.

oil/gas

He would buy this when it is down. An energy infrastructure company, but doesn’t get credit that a lot of its operating profit is not particularly commodity sensitive. Has great renewable energy contracts, 20-25 years duration, indexed to inflation. On top of that, there is a US acquisition they will be completing next year, which reduces their commodity price exposure even further. Hopefully that causes the stock to get re-rated. Dividend yield of 7.6%.

oil/gas
Andy Nasr

VP & Investment Strategist, Sentry Investments...

PricePrice
$29.030
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

November 27, 2017

This has fantastic dividends, and similar companies have increased dividends year after year. They’re working on a lot of projects. Interest rates bumped up a little, which hurts their multiples. With oil prices being depressed, people are not sure if some of their big projects will go forward. There is room in your portfolio for one or 2 of these types of utilities. However, don’t fill your portfolio with all interest rate sensitive stocks. If you are wrong, and interest rates start to move, you don’t want to be caught. Dividend yield of about 7.5%.

oil/gas

This has fantastic dividends, and similar companies have increased dividends year after year. They’re working on a lot of projects. Interest rates bumped up a little, which hurts their multiples. With oil prices being depressed, people are not sure if some of their big projects will go forward. There is room in your portfolio for one or 2 of these types of utilities. However, don’t fill your portfolio with all interest rate sensitive stocks. If you are wrong, and interest rates start to move, you don’t want to be caught. Dividend yield of about 7.5%.

oil/gas
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Manage...

PricePrice
$29.330
Owned Owned
Unknown

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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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