Altagas Ltd (ALA-T) Stock Predictions - Stockchase
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Altagas Ltd (ALA-T)

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Altagas Ltd

ALA-T

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Altagas Ltd (ALA-T) SAVE Jan, 24, 2019, 4:01 am

13.95 0.02 (0.14%)

About Altagas Ltd (ALA-T)

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

What the experts are saying about ALA-T



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SELL ON STRENGTH
Altagas Ltd(ALA-T) 

October 29, 2018

The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

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The balance sheet is stretched and still needs fixing. They recently spun-off. A dividend cut is likely. It's getting hit today. You could see a dead-cat balance. This sector is out of favour. Has good assets. Sell it on any blip back up. Investors today are assuming a dividend cut.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$19.870
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

October 25, 2018

They did a spinoff of some of their Canadian assets to pay off some of their debt.  Dividend payout is high but not inconceivable that it can stay there.  If they did cut the dividend, it would not be a major cut.  He likes the company.  There is some upside potential.  There are safer names in the utility space.  This is a high leveraged utility name.

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They did a spinoff of some of their Canadian assets to pay off some of their debt.  Dividend payout is high but not inconceivable that it can stay there.  If they did cut the dividend, it would not be a major cut.  He likes the company.  There is some upside potential.  There are safer names in the utility space.  This is a high leveraged utility name.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$21.080
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

October 24, 2018

They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

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They once had a good balance between utilities and non, but they just spun out their utilities. Also, they're fairly levered. Will they get a negative credit re-rating? And the dividend is a worrysome 10%. Look elsewhere in this space and be wary of ALA.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$21.660
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

October 24, 2018

The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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The 10% dividend isn't safe. They bought WGL in 2016 and this expensive deal just closed. The market didn't like it. ALA now has a ton of debt and it's paying it down by spinning off the Canadian assets. The market gave it a giant yawn, so ALA had to lower the IPO price. He doesn't like the management. Look elsewhere for a stable divide

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$21.660
Owned Owned
No

BUY on WEAKNESS
Altagas Ltd(ALA-T) 

October 23, 2018

They are overleveraged. They spun out their utilities becoming a pure play on the midstream space. he thinks they will right size the dividend yield.

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They are overleveraged. They spun out their utilities becoming a pure play on the midstream space. he thinks they will right size the dividend yield.

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Andrew Pink

Portfolio , LDIC...

Price Price
$21.740
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

October 19, 2018

He had sold this in January because of uncertainty in their acquisition.  Within the last month or two, this has been unfairly smoked.  They still need to decrease their debt and realize another asset sale to pay down some debt.  It is very out of favour right now.  Yield = 10.2% (Analysts’ price target is $26.33)

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He had sold this in January because of uncertainty in their acquisition.  Within the last month or two, this has been unfairly smoked.  They still need to decrease their debt and realize another asset sale to pay down some debt.  It is very out of favour right now.  Yield = 10.2% (Analysts’ price target is $26.33)

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Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$21.240
Owned Owned
Yes

WAIT
Altagas Ltd(ALA-T) 

October 17, 2018

When a dividend is over 10% like ALA's, you know what the answer is--not bad. Yes, when the WGL assets appear next year, the stock will look better. Today, they spun off the Canadian asset a new Altagas; they likely didn't get the price they wanted, but the deal was at least done and it removes some uncertain. But those Canadian assets are gone, though the WGL assets will now appear. A bit of a wash. Wait another year for them to delever further. Pays a 10.6% dividend.

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When a dividend is over 10% like ALA's, you know what the answer is--not bad. Yes, when the WGL assets appear next year, the stock will look better. Today, they spun off the Canadian asset a new Altagas; they likely didn't get the price they wanted, but the deal was at least done and it removes some uncertain. But those Canadian assets are gone, though the WGL assets will now appear. A bit of a wash. Wait another year for them to delever further. Pays a 10.6% dividend.

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$20.680
Owned Owned
Unknown

COMMENT
Altagas Ltd(ALA-T) 

October 16, 2018

Owned it for a long time. Then, ALA got into trouble. He's now wait and see with ALA. The market needs to get their head around their earnings and how sustainable their 10% dividend is. Be careful here.

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Owned it for a long time. Then, ALA got into trouble. He's now wait and see with ALA. The market needs to get their head around their earnings and how sustainable their 10% dividend is. Be careful here.

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Michael Decter

President , Lawrence Decter Inve...

Price Price
$20.710
Owned Owned
No

PAST TOP PICK
Altagas Ltd(ALA-T) 

October 15, 2018

(A Top Pick Nov. 17/17, Down 22%)  The trend from March to July broke.  He thinks long term he would look at it now if he did not already own it.  It will probably act much better in the new year.

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(A Top Pick Nov. 17/17, Down 22%)  The trend from March to July broke.  He thinks long term he would look at it now if he did not already own it.  It will probably act much better in the new year.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$20.850
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

October 12, 2018

If they sell some assets, it would help the balance sheet, he thinks.  The company is paying out almost twice what it is earning.  The results in the balance sheet melting away.  They would do an enormous service to cut the dividend to a sustainable yield, like 5%. 

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If they sell some assets, it would help the balance sheet, he thinks.  The company is paying out almost twice what it is earning.  The results in the balance sheet melting away.  They would do an enormous service to cut the dividend to a sustainable yield, like 5%. 

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$21.040
Owned Owned
No

WAIT
Altagas Ltd(ALA-T) 

October 11, 2018

ALA-T vs. ARX-T.  ALA-T is going through a reorganization.  It complicates his model.  The trailing PE is 19 times and it is cash flow positive.  The yield is very high at 10.2% with payout at 60%.  The ROE is okay at 6%.  He would wait until the financing of the spin out is complete and the market should be more comfortable.  He does not follow ARX-T.

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ALA-T vs. ARX-T.  ALA-T is going through a reorganization.  It complicates his model.  The trailing PE is 19 times and it is cash flow positive.  The yield is very high at 10.2% with payout at 60%.  The ROE is okay at 6%.  He would wait until the financing of the spin out is complete and the market should be more comfortable.  He does not follow ARX-T.

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Robert McWhirte

President, Selective Asset Mana...

Price Price
$20.990
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

October 9, 2018

The market is guessing they will have to cut dividend. They are struggling for capital. He would wait until the dust settles. The risk on the downside is too high if they have to cut the dividend.  

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The market is guessing they will have to cut dividend. They are struggling for capital. He would wait until the dust settles. The risk on the downside is too high if they have to cut the dividend.  

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James Telfser

Partner & , Aventine Management ...

Price Price
$21.110
Owned Owned
No

TOP PICK
Altagas Ltd(ALA-T) 

October 5, 2018

He just bought this back as he believes the re-structuring is well along. He is trading it with a tight stop in the “high-teens”. He thinks market analysts are having a hard time categorizing the newly structured company. Yield 10.5%.  (Analysts’ price target is $27.41)

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He just bought this back as he believes the re-structuring is well along. He is trading it with a tight stop in the “high-teens”. He thinks market analysts are having a hard time categorizing the newly structured company. Yield 10.5%.  (Analysts’ price target is $27.41)

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$20.750
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

October 5, 2018

(A Top Pick June 14/17 Down 23%) He sold this and bought it back recently. The WPL acquisition made sense to him, but he was not impressed with their financing strategy. As interest rates were looking to go up, he saw better companies who had lower debt levels. He thinks they are most of the way through their financial re-structuring.  

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(A Top Pick June 14/17 Down 23%) He sold this and bought it back recently. The WPL acquisition made sense to him, but he was not impressed with their financing strategy. As interest rates were looking to go up, he saw better companies who had lower debt levels. He thinks they are most of the way through their financial re-structuring.  

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Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$20.750
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

October 2, 2018

When an investor sees a 10% dividend, s/he should understand that the whole world sees the same dividend. The investor should ask whether such a dividend is sustainable. The company has way too much debt and pays out too much cash flow in dividend. The company is a prime candidate for a dividend cut even though its management says it won’t do it. He won’t buy companies that have a lot of debt. Yield 10%. 

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When an investor sees a 10% dividend, s/he should understand that the whole world sees the same dividend. The investor should ask whether such a dividend is sustainable. The company has way too much debt and pays out too much cash flow in dividend. The company is a prime candidate for a dividend cut even though its management says it won’t do it. He won’t buy companies that have a lot of debt. Yield 10%. 

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Lorne Steinberg

President , Lorne Steinberg Weal...

Price Price
$21.190
Owned Owned
No

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