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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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

BUY
Altagas Ltd(ALA-T) 

October 1, 2018

He's happy to hold this. ALA closed the big WGL deal closed--taking on a lot of debt just as interest rate are rising. They are now selling off minority stakes in some mid-stream assets that'll reduce debt. You're paid while you wait. They raised the dividend. It will compelte building a propane export terminal on the west coat in Q1 2019, which will give ALA a big boost in earnings.He's happy to wait. Underlying cash flow is going up, so the high dividend is
secure. He sees encouraging signs in new earnings streams; a very solid company. Yes, carries a fair bit of debt, but it has the cash flow.

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He's happy to hold this. ALA closed the big WGL deal closed--taking on a lot of debt just as interest rate are rising. They are now selling off minority stakes in some mid-stream assets that'll reduce debt. You're paid while you wait. They raised the dividend. It will compelte building a propane export terminal on the west coat in Q1 2019, which will give ALA a big boost in earnings.He's happy to wait. Underlying cash flow is going up, so the high dividend is
secure. He sees encouraging signs in new earnings streams; a very solid company. Yes, carries a fair bit of debt, but it has the cash flow.

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Gavin Graham

Trustee, Pointbreak ETFs...

Price Price
$21.130
Owned Owned
Yes

HOLD
Altagas Ltd(ALA-T) 

September 28, 2018

A really tough one. Funding concerns. His cashflow presumptions are pretty good. The deal will close. Doesn’t think dividend will be cut, though market is signalling they might. Be careful. If you own it, you can hold it. Like GE, it will probably be OK.

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A really tough one. Funding concerns. His cashflow presumptions are pretty good. The deal will close. Doesn’t think dividend will be cut, though market is signalling they might. Be careful. If you own it, you can hold it. Like GE, it will probably be OK.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$20.550
Owned Owned
Unknown

TOP PICK
Altagas Ltd(ALA-T) 

September 26, 2018

The company has good assets that produce good cash flows.  He believes the market has overreacted to the recent acquisitions and how it is being funded.  If this company was trading in the private capital markets, it would be trading a much higher multiple.  Yield 10.7%.  (Analysts’ price target is $28.23)

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The company has good assets that produce good cash flows.  He believes the market has overreacted to the recent acquisitions and how it is being funded.  If this company was trading in the private capital markets, it would be trading a much higher multiple.  Yield 10.7%.  (Analysts’ price target is $28.23)

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$20.730
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 26, 2018

(A Top Pick October 3/17 Down 22%) It is a long term game, he thinks. He does not mind holding it while receiving a good dividend. He still has it as a Top Pick. Yield 11%

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(A Top Pick October 3/17 Down 22%) It is a long term game, he thinks. He does not mind holding it while receiving a good dividend. He still has it as a Top Pick. Yield 11%

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Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$20.730
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 20, 2018

[Can the stock be saved?]  The issue was that the investor base was not convinced with the acquisition decision.  They tried to expand with a suitable accretive acquisition but they struggled with financing it.  They are doing an unorthodox method to raise capital for an acquisition announced ages ago.  The dividend is probably not sustainable.  He believes they will probably get this right, however.

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[Can the stock be saved?]  The issue was that the investor base was not convinced with the acquisition decision.  They tried to expand with a suitable accretive acquisition but they struggled with financing it.  They are doing an unorthodox method to raise capital for an acquisition announced ages ago.  The dividend is probably not sustainable.  He believes they will probably get this right, however.

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Mohsin Bashir

VP Investm, Stone Asset Manageme...

Price Price
$21.110
Owned Owned
Unknown

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