Altagas Ltd

ALA-T

TSE:ALA

20.00
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
COMMENT
COMMENT
January 3, 2019
It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
Altagas Ltd (ALA-T)
January 3, 2019
It was a disappointment in 2018. Their acquisition caused them to take on a lot of debt. People's appetite for debt laden companies came off the table. They restructured and took some debt off the table. The market didn't like their reduction in investment rating by a ratings company. It is still yielding 7% and they have an export terminal and they bought some gas assets that will generate some cash. The only issue is how they will raise money to address their remaining debt.
Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$14.090
Owned
Unknown
DON'T BUY
DON'T BUY
December 31, 2018
It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
Altagas Ltd (ALA-T)
December 31, 2018
It is beaten up. The debt and acquisition they did. The spin out, AUI-T, he owns and likes. It has a safer yield.
John Zechner
Chairman, J. Zechner & Assoc
Price
$13.900
Owned
No
COMMENT
COMMENT
December 31, 2018
A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
Altagas Ltd (ALA-T)
December 31, 2018
A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$13.900
Owned
Unknown
DON'T BUY
DON'T BUY
December 21, 2018
Time to buy? You can't find a good chart these days. But the longer term trend was bearish to begin with, and now with the recent waterfall, it's gone down. Market's oversold, and you could get a bounce, but that's all he'd look for. He starts with technicals, so he wouldn't even be looking at this stock.
Altagas Ltd (ALA-T)
December 21, 2018
Time to buy? You can't find a good chart these days. But the longer term trend was bearish to begin with, and now with the recent waterfall, it's gone down. Market's oversold, and you could get a bounce, but that's all he'd look for. He starts with technicals, so he wouldn't even be looking at this stock.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$12.750
Owned
Unknown
DON'T BUY
DON'T BUY
December 13, 2018
Was the decision to cut the dividend a dumb move? That was necessary. Management is like a gang that can't shoot straight. They destroyed this business by making an acquisition in the US. Very disappointed investment. They sold it at around $20. They are trading utilities companies like day trading. Only investment bankers are making money off this company in the last 5 years.
Altagas Ltd (ALA-T)
December 13, 2018
Was the decision to cut the dividend a dumb move? That was necessary. Management is like a gang that can't shoot straight. They destroyed this business by making an acquisition in the US. Very disappointed investment. They sold it at around $20. They are trading utilities companies like day trading. Only investment bankers are making money off this company in the last 5 years.
John O'Connell, CFA
Chairman and CEO, Davis Rea
Price
$15.050
Owned
No
COMMENT
COMMENT
December 10, 2018
They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer.
Altagas Ltd (ALA-T)
December 10, 2018
They've disappointed investors. Before, you bought a good utility with this, but then they spun it off with a lot of leverage. Some may question if the dividend is sustainable. He doesn't think it'll be immediately cut, but be careful with this one. Other utilities are safer.
Michael Sprung
President, Sprung Investment Management
Price
$13.740
Owned
Unknown
WATCH
WATCH
December 7, 2018
They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21.
Altagas Ltd (ALA-T)
December 7, 2018
They are paying too much in a dividend – twice what they are earning. It is trading at 40% of book value, which is cheap. If the earnings forecast of $1.09 per share comes through next year, it is really cheap today and could bounce back to $21.
Ross Healy
Chairman, Strategic Analysis Corp
Price
$14.120
Owned
No
DON'T BUY
DON'T BUY
December 4, 2018
The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this.
Altagas Ltd (ALA-T)
December 4, 2018
The dividend isn't sustainable, now at 15%. The market has already priced in a dividend cut. He sold his shares in 2016. They blew their brains out on the WGL purchase, then the CEO left. Tax-loss selling is kicking in. But don't sell it now. A new CEO starts at Dec. 13 who may cut the dividend, and ALA may benefit from the January effect. But long-term, don't own this.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$14.300
Owned
No
DON'T BUY
DON'T BUY
December 3, 2018
It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T.
Altagas Ltd (ALA-T)
December 3, 2018
It is a tough call at this stage. They made a pretty bad acquisition in California that is really taking them down. There are better opportunities out there. He prefers KEY-T.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
Price
$14.720
Owned
Unknown
DON'T BUY
DON'T BUY
November 28, 2018
Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings.
Altagas Ltd (ALA-T)
November 28, 2018
Dividend is over 15% now; it keeps rising because the stock keeps falling. He's short it. It's getting to the point where it's a dangerous short, because it's fallen so fast. It scores at the botom of valuation and price momentum. Balance sheet is okay. Aside from shorting, he wouldn't buy it. He wants to see the trend turn up to buy it; and he wants to see improving earnings.
Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$14.000
Owned
Yes
DON'T BUY
DON'T BUY
November 28, 2018
The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.
Altagas Ltd (ALA-T)
November 28, 2018
The integration of WGL and concerns over funding costs were overshadowed by a weak quarterly earnings report. They sold out at $18.25. They own good quality assets, but financing costs and concerns over higher interest rates is casting doubt out the dividend being maintained. Their risk management would not allow them to enter into this.
Bryden Teich
Portfolio Manager, Avenue Investment Management
Price
$14.000
Owned
No
COMMENT
COMMENT
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
Altagas Ltd (ALA-T)
November 26, 2018
He bought the spin-off, Altagas Canada, recently, not this; it has a better balance sheet and growth. For ALA, the worry has been over the WGL acqusition and they massively levered to buy it. The spin-off is helping to ease debt. It'll take time to assimilate WGL. Yes, there's tax-loss selling going on now. He wouldn't sell it now, but expect a dividend cut. Look at the spin-off instead.
John Zechner
Chairman, J. Zechner & Assoc
Price
$14.600
Owned
No
SELL
SELL
November 26, 2018
He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable.
Altagas Ltd (ALA-T)
November 26, 2018
He would be inclined to sell. This is not one of the strongest utilities, there are other options. He would like to see what their US acquisition does for them. Their balance sheet is quite over levered. He does not think the current dividend yield of almost 15% is sustainable.
Matt Kacur
President, FSA Financial Science and Art
Price
$14.600
Owned
No
PAST TOP PICK
PAST TOP PICK
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.
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.
Paul Gardner, CFA
Partner and Portfolio Manager, Avenue Investment Management
Price
$15.980
Owned
No
BUY
BUY
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)
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)
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$15.750
Owned
Unknown
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