Altagas Ltd

ALA-T

TSE:ALA

19.82
0.00 (0.00%)
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
DON'T BUY
DON'T BUY
November 20, 2019
There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.
Altagas Ltd (ALA-T)
November 20, 2019
There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$19.960
Owned
Unknown
BUY
BUY
November 18, 2019
It's now breaking a long-term downtrend and now starting an uptrend. He likes the chart. Good, strong dividend. As long as it doesn't break the recent low around $17, this will do well. He likes the chart.
Altagas Ltd (ALA-T)
November 18, 2019
It's now breaking a long-term downtrend and now starting an uptrend. He likes the chart. Good, strong dividend. As long as it doesn't break the recent low around $17, this will do well. He likes the chart.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$20.030
Owned
Unknown
PARTIAL SELL
PARTIAL SELL
November 12, 2019
Start selling it off gradually. ALA may go higher, but take profits a bit.
Altagas Ltd (ALA-T)
November 12, 2019
Start selling it off gradually. ALA may go higher, but take profits a bit.
Michael Decter
President & CEO, Lawrence Decter Investment Counsel
Price
$20.030
Owned
Unknown
BUY
BUY
October 30, 2019
Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.
Altagas Ltd (ALA-T)
October 30, 2019
Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$18.240
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 28, 2019
(A Top Pick Oct 19/18, Down 6%) He is now out of it. There was doubt about their ability to sell assets and about their debt load. Longer term, their business is fine. They had to cut the dividend last year. He prefers the infrastructure space right now. This is still a fine company.
Altagas Ltd (ALA-T)
October 28, 2019
(A Top Pick Oct 19/18, Down 6%) He is now out of it. There was doubt about their ability to sell assets and about their debt load. Longer term, their business is fine. They had to cut the dividend last year. He prefers the infrastructure space right now. This is still a fine company.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$18.810
Owned
No
BUY WEAKNESS
BUY WEAKNESS
October 24, 2019
They have been on a roller coaster for the last few years. The dividend is still on ice for a while until they de-lever a bit more. He likes the name but is not in it now. He would buy on a significant pullback.
Altagas Ltd (ALA-T)
October 24, 2019
They have been on a roller coaster for the last few years. The dividend is still on ice for a while until they de-lever a bit more. He likes the name but is not in it now. He would buy on a significant pullback.
Varun Anand
Portfolio Manager, Starlight Capital
Price
$0.000
Owned
No
PAST TOP PICK
PAST TOP PICK
October 23, 2019
(A Top Pick Oct 31/18, Up 24%) He bought it for the dividend after a big pullback. He's holding on for that dividend. Energy will come alive at some point, and ALA will benefit. This is more of an electric generator (than oil), though tied to Alberta.
Altagas Ltd (ALA-T)
October 23, 2019
(A Top Pick Oct 31/18, Up 24%) He bought it for the dividend after a big pullback. He's holding on for that dividend. Energy will come alive at some point, and ALA will benefit. This is more of an electric generator (than oil), though tied to Alberta.
Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$19.370
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 19, 2019
(A Top Pick Sep 26/18, Up 1%) It was up and back. It got completely misunderstood by the marketplace. They were forced by the market to cut the dividend because it was at 15% but they didn’t need to. They are investing in a utility at a great rate of return and you will see it start to seep into the company returns. You should see a dividend increase next year.
Altagas Ltd (ALA-T)
September 19, 2019
(A Top Pick Sep 26/18, Up 1%) It was up and back. It got completely misunderstood by the marketplace. They were forced by the market to cut the dividend because it was at 15% but they didn’t need to. They are investing in a utility at a great rate of return and you will see it start to seep into the company returns. You should see a dividend increase next year.
Ryan Bushell
President, Newhaven Asset Management
Price
$19.810
Owned
Yes
BUY
BUY
September 17, 2019
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
Altagas Ltd (ALA-T)
September 17, 2019
If you own this already, hold onto. The valuation is attractive to buy. They've pruned assets and paid down debt. Reasonably run. It's undervalued vs. its peers. In time, you will be rewarded for holding it.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$19.850
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 13, 2019
(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.
Altagas Ltd (ALA-T)
September 13, 2019
(A Top Pick Oct 05/18, Down 3%) This was a theme of trying to catch a falling knife. He was surprised how it got wiped out and he got stopped out earlier. They spun out the Canadian utilities business, which was unexpected. This left the US acquisition in Washington. The market didn't like the debt level, when interest rates were going up.
Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$19.060
Owned
No
HOLD
HOLD
August 29, 2019
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
Altagas Ltd (ALA-T)
August 29, 2019
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$18.170
Owned
No
WATCH
WATCH
August 23, 2019
He was shocked when they announced they were combining with a utility in Washington DC. He thought the culture was too different. The stock seems to have made some good moves in sales and is now watching this stock.
Altagas Ltd (ALA-T)
August 23, 2019
He was shocked when they announced they were combining with a utility in Washington DC. He thought the culture was too different. The stock seems to have made some good moves in sales and is now watching this stock.
David Cockfield
Managing Director, Northland Wealth Management
Price
$18.440
Owned
No
COMMENT
COMMENT
August 21, 2019
Rate reset vs Rate reset with a floor. The stock is down because of the credit risk. Should look at the bond, and the prefs will perform. Altagas is trading weakly, even with a floor due to this.
Altagas Ltd (ALA-T)
August 21, 2019
Rate reset vs Rate reset with a floor. The stock is down because of the credit risk. Should look at the bond, and the prefs will perform. Altagas is trading weakly, even with a floor due to this.
Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$18.670
Owned
Unknown
DON'T BUY
DON'T BUY
August 20, 2019
ALA blew itself up, and is fixing its balance sheet. They have worked out some, but not all its problems. He predicts they will sell Altagas Canada as part of their re-structuring.
Altagas Ltd (ALA-T)
August 20, 2019
ALA blew itself up, and is fixing its balance sheet. They have worked out some, but not all its problems. He predicts they will sell Altagas Canada as part of their re-structuring.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$18.670
Owned
Unknown
COMMENT
COMMENT
August 13, 2019
They have made a lot of positive progress on the balance sheet after the US acquisition. At this point they have done what it is required to stabilize the balance sheet. She does not own it.
Altagas Ltd (ALA-T)
August 13, 2019
They have made a lot of positive progress on the balance sheet after the US acquisition. At this point they have done what it is required to stabilize the balance sheet. She does not own it.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$19.750
Owned
No
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