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) 

September 19, 2018

The stock is out of favor after the two year wait for the WGL acquisition.  They have raised $1.5 billion in shares of the $2 billion they said was needed and now the market wonders if the IPO will make up the difference.  All the news is negative currently and he sees less risk now that the stock has fallen.  He is betting the dividend is safe.  Yield 10%.  (Analysts’ price target is $27.79)

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The stock is out of favor after the two year wait for the WGL acquisition.  They have raised $1.5 billion in shares of the $2 billion they said was needed and now the market wonders if the IPO will make up the difference.  All the news is negative currently and he sees less risk now that the stock has fallen.  He is betting the dividend is safe.  Yield 10%.  (Analysts’ price target is $27.79)

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$21.720
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 18, 2018

(Past Top Pick, June 14, 2017, Down 17%) He made a mistake with this one. They bought California utility assets five years ago, which was a mistake. Now, they bought WGL in the U.S. Management has really blown it. It's deeply disappointing. Bad on him for sticking with a loser. He sold it. Spinning out the company is just ridiculous; it's a sign of desperation. The CEO-founder continues to flounder.

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(Past Top Pick, June 14, 2017, Down 17%) He made a mistake with this one. They bought California utility assets five years ago, which was a mistake. Now, they bought WGL in the U.S. Management has really blown it. It's deeply disappointing. Bad on him for sticking with a loser. He sold it. Spinning out the company is just ridiculous; it's a sign of desperation. The CEO-founder continues to flounder.

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John O'Connell,

Chairman a, Davis Rea...

Price Price
$22.380
Owned Owned
No

SHORT
Altagas Ltd(ALA-T) 

September 17, 2018

He avoids pipes and utilities in a rising interest rate environment.  It is a small short position for him.  The valuation is still pretty high.  It has a big yield but the payout ratio is a concern.

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He avoids pipes and utilities in a rising interest rate environment.  It is a small short position for him.  The valuation is still pretty high.  It has a big yield but the payout ratio is a concern.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$22.380
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 17, 2018

They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

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They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$22.380
Owned Owned
Unknown

BUY
Altagas Ltd(ALA-T) 

September 17, 2018

He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

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He's still happy with this. They did what they said they'd do: did the wgl acquisition, then sold off assets with more to come, and THE dividend is still safe. Management though will likely stop dividend increases for a year or two because they're conservative managers.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$22.380
Owned Owned
Yes

PAST TOP PICK
Altagas Ltd(ALA-T) 

September 14, 2018

(Past Top Pick, Oct. 30, 2017, Down 16%)  Doesn't like it, but still owns it. A high-quality name. We're close to breaking to new lows. The recent weakness is due to needing more funding for the WGL buy by spinning off Canadian operations. He's started a DRIP to compound returns. But if it continues to fall, he will take his lumps and sell. Pays a stable 9.5% dividend.

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(Past Top Pick, Oct. 30, 2017, Down 16%)  Doesn't like it, but still owns it. A high-quality name. We're close to breaking to new lows. The recent weakness is due to needing more funding for the WGL buy by spinning off Canadian operations. He's started a DRIP to compound returns. But if it continues to fall, he will take his lumps and sell. Pays a stable 9.5% dividend.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$22.850
Owned Owned
Yes

DON'T BUY
Altagas Ltd(ALA-T) 

September 13, 2018

Spin-off announced today. Markets didn't like their big US acquisition, so they are spinning off Canadian assets. The spin-off is the right strategic move, but it doesn't interest him to buy the stock. They're making up for past mistakes. 

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Spin-off announced today. Markets didn't like their big US acquisition, so they are spinning off Canadian assets. The spin-off is the right strategic move, but it doesn't interest him to buy the stock. They're making up for past mistakes. 

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Ryan Modesto

Managing P, 5i Research...

Price Price
$23.480
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

September 13, 2018

Announced a spin-off yesterday. He used to own it before they bought WGL. ALA is selling the family jewels to afford it. (He sold to get more pro-cyclical exposure.) He dodged a bullet. This is a debacle of corporate governance. The WGL deal took too long to close, expensive, levered up their balance sheet and got put on credit watch. Now, they're selling non-core assets. He has no confidence in the management and doesn't know if the dividend is safe.

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Announced a spin-off yesterday. He used to own it before they bought WGL. ALA is selling the family jewels to afford it. (He sold to get more pro-cyclical exposure.) He dodged a bullet. This is a debacle of corporate governance. The WGL deal took too long to close, expensive, levered up their balance sheet and got put on credit watch. Now, they're selling non-core assets. He has no confidence in the management and doesn't know if the dividend is safe.

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Brian Madden

Senior VP , Goodreid Investment ...

Price Price
$23.480
Owned Owned
No

COMMENT
Altagas Ltd(ALA-T) 

September 11, 2018

They did a big acquisition of a utility in the US and financed it with an equity issue and a bridging loan. They are making asset sales to repay the bridge loan. Of the 2 billion that they had to sell, they have sold off about 1.5 billion of assets so far. They expect to complete the asset sales by the end of the year. She expects them to be able to sustain the yield. She does not see much near-term growth. However, the company is still a little more leveraged than it would like, and it might offer more hybrid securities or do another equity offering to reduce its debt. She expects the completion of the asset sale process to be a positive on the stock. Yield 8.8%. 

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They did a big acquisition of a utility in the US and financed it with an equity issue and a bridging loan. They are making asset sales to repay the bridge loan. Of the 2 billion that they had to sell, they have sold off about 1.5 billion of assets so far. They expect to complete the asset sales by the end of the year. She expects them to be able to sustain the yield. She does not see much near-term growth. However, the company is still a little more leveraged than it would like, and it might offer more hybrid securities or do another equity offering to reduce its debt. She expects the completion of the asset sale process to be a positive on the stock. Yield 8.8%. 

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Christine Poole

CEO & Mana, GlobeInvest Capital ...

Price Price
$25.200
Owned Owned
No

HOLD
Altagas Ltd(ALA-T) 

September 10, 2018

They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

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They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$24.340
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

September 7, 2018

Acquisitive and have grown quickly, which makes him suspicious if they don’t have a competitive advantage. Cash flow doesn’t cover the dividend. If one acquisition goes wrong, the dividend will be cut.

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Acquisitive and have grown quickly, which makes him suspicious if they don’t have a competitive advantage. Cash flow doesn’t cover the dividend. If one acquisition goes wrong, the dividend will be cut.

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Fabrice Taylor

Publisher, The President's Club...

Price Price
$23.690
Owned Owned
No

DON'T BUY
Altagas Ltd(ALA-T) 

August 30, 2018

They are not even making their dividend.  There is a reverse compounding thing going on where your book value is being eroded.  It is a losing proposition.

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They are not even making their dividend.  There is a reverse compounding thing going on where your book value is being eroded.  It is a losing proposition.

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Brian Acker, CA

Chief Exec, Acker Finley Inc....

Price Price
$24.610
Owned Owned
Unknown

PAST TOP PICK
Altagas Ltd(ALA-T) 

August 27, 2018

Subscription Receipts.  (A Top Pick Sep 20/17, Up 2%)  It was subscription receipts but now is just common stocks.  They had a troubled time period after the deal because they took on more debt.  The yield is about 8% now.  The debt levels are high, however.  He hopes they will generate free cash flow now and will pay down debt with it.

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Subscription Receipts.  (A Top Pick Sep 20/17, Up 2%)  It was subscription receipts but now is just common stocks.  They had a troubled time period after the deal because they took on more debt.  The yield is about 8% now.  The debt levels are high, however.  He hopes they will generate free cash flow now and will pay down debt with it.

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Zachary Curry

Chief Oper, Davis-Rea Ltd....

Price Price
$25.140
Owned Owned
Yes

COMMENT
Altagas Ltd(ALA-T) 

August 24, 2018

Has had some problem with this name. Need to figure out how to pay for the recent acquisition and divest assets. Cash flow from operations needs to sustain the dividend. Good at these levels, as dividend quality is still strong. (Analysts’ price target is $28.75.)

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Has had some problem with this name. Need to figure out how to pay for the recent acquisition and divest assets. Cash flow from operations needs to sustain the dividend. Good at these levels, as dividend quality is still strong. (Analysts’ price target is $28.75.)

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Prakash Harihar

Portfolio , Analytixinsight Inc....

Price Price
$24.960
Owned Owned
Unknown

DON'T BUY
Altagas Ltd(ALA-T) 

August 22, 2018

He used to be big owners of this company.  The 10 year yield started to take off after Trump was elected.  They are levered quite high and therefore difficult to raise yield.  They have a huge debt load and the cost of carrying that debt will go higher.  It is in a difficult place in the market.  Dividend should hold over the mid to long term. 

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He used to be big owners of this company.  The 10 year yield started to take off after Trump was elected.  They are levered quite high and therefore difficult to raise yield.  They have a huge debt load and the cost of carrying that debt will go higher.  It is in a difficult place in the market.  Dividend should hold over the mid to long term. 

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Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$25.290
Owned Owned
No

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