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 Mar, 18, 2019, 3:00 pm

18.02 0.24 (1.35%)

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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PAST TOP PICK
Altagas Ltd(ALA-T) 

November 22, 2018

(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.
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(A Top Pick Sep 13/17, Down 36%) Got out of it at around $20. It was a leverage problem. Since the last quarter there are rumors that the dividend is going to be cut. At 14% yield the distribution is unsustainable. they still have good assets.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$15.980
Owned Owned
No

BUY
Altagas Ltd(ALA-T) 

November 16, 2018

Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
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Part of the absolute disaster in crude. If you have it, stay in. He’d buy it here. (Analysts’ price target is $21.42)
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Elliott Fishman

Director o, Trading Services Gro...

Price Price
$15.750
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

November 9, 2018

This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.
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This name is a bit of a concern. Most of the technicals on this name are negative. It has been on a long downward trend. He does not think the dividend is safe.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$15.750
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

November 6, 2018

Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.
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Will there be more downward pressure? It's a toughie. They expanded in the U.S and bit off more than they could chew. They also changed top management. Financing didn't go well. It's a comedy of errors. When they announced the dividend cut--and they should. They will get a bottom in place. If ALA does another dilution (which he doesn't expect), that's a caveat. Now, it's very cheap. If you're patient, wait it out.
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$16.050
Owned Owned
Unknown

WATCH
Altagas Ltd(ALA-T) 

November 5, 2018

There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
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There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
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Jeff Parent B.

VP & Portf, Castlemoore Inc....

Price Price
$15.040
Owned Owned
Unknown

STRONG BUY
Altagas Ltd(ALA-T) 

November 5, 2018

Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.
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Can't believe how far down it's at now, at 30% discount to its book value. This has big, big upside. Has a $21 book value, which this could reach without breathing hard. Sometimes stocks sell-off irrationally.
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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$15.040
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

November 2, 2018

Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
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Sell after doubling down recently? They'll likely cut the dividend; that's why there's major selling. They swallowed a lot of debt to pay for the WGL purchase. They sold some assets, but it's not enough--they need to sell more. They just missed targets badly. Failed to pay a good price for WGL and he doesn't feel they can absorb WGL with its other assets.
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David Driscoll

President , Liberty Internationa...

Price Price
$15.270
Owned Owned
Unknown

HOLD
Altagas Ltd(ALA-T) 

November 1, 2018

They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
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They just pulled off a huge acquisition in the US. If we can close above the $20 level then there should be a bigger shift underway and the stock is improving. There was a short term base forming over the last couple of days. If we close below the lows of the last couple of days then you should reduce exposure. Wait before you buy it.
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Javed Mirza

Technical , Canaccord Genuity ...

Price Price
$15.880
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

October 31, 2018

Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
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Dividend of 13%, so expect a 50% dividend cut. This has been a complete disaster. Yes, dividends are great but what's a company's payout ratio and industry they're in? Look for dividend growers instead.
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Barry Schwartz

CIO & Port, Baskin Wealth Manage...

Price Price
$16.550
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

October 30, 2018

Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
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Bought a ¼ position when dividend went over 10%. They’re buffing up the balance sheet buy selling assets. Alberta-based is negative, but at this price it’s a good play for cash flow. Yield is 13.2%. (Analysts’ price target is $25.58)
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$16.660
Owned Owned
Yes

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

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