Altagas Ltd

ALA-T

TSE:ALA

18.78
0.26 (1.37%)
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
August 15, 2018

Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

Altagas Ltd (ALA-T)
August 15, 2018

Altagas versus Vermillion. VET-T is oil with some exposure into France and a little expensive. ALA-T has been beat down on the recent acquisition in Washington. Depending on your outlook on energy, ALA-T will act more defensively. But if you believe in $100 WTI, then he would go with VET-T.

Bruce Campbell (1)
President, Campbell and Lee InvMngmnt
Price
$24.910
Owned
_N/A
HOLD
HOLD
August 14, 2018

He added a bit recently and he has held it for a long time. The reason he bought more is that he's entering the Alberta economy a bit--Canadian oil is ridiculously cheap. The dividend, over 8%, is sustainable, and it gives him some cash flow.

Altagas Ltd (ALA-T)
August 14, 2018

He added a bit recently and he has held it for a long time. The reason he bought more is that he's entering the Alberta economy a bit--Canadian oil is ridiculously cheap. The dividend, over 8%, is sustainable, and it gives him some cash flow.

Jaime Carrasco
Portfolio Manager, Canaccord Genuity
Price
$25.120
Owned
Yes
COMMENT
COMMENT
August 9, 2018

He likes it. It is a good utility company. It pays a good dividend yield. They just finished up a good transaction and it should be accretive to earnings soon. They sold off some assets that were not contributing to earnings.

Altagas Ltd (ALA-T)
August 9, 2018

He likes it. It is a good utility company. It pays a good dividend yield. They just finished up a good transaction and it should be accretive to earnings soon. They sold off some assets that were not contributing to earnings.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$25.400
Owned
Unknown
BUY
BUY
August 3, 2018

Their recent earnings were mixed. Now that the acquisition of WGL is now closed, things should become more transparent. They were sold off with the concerns of rising interest rates. It is looking much better and is a good investment now.

Altagas Ltd (ALA-T)
August 3, 2018

Their recent earnings were mixed. Now that the acquisition of WGL is now closed, things should become more transparent. They were sold off with the concerns of rising interest rates. It is looking much better and is a good investment now.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$26.180
Owned
No
HOLD
HOLD
July 26, 2018

It was a right place to be at a time. Reasonable payout ratio and an 8% dividend yield. He would wait it out. If he bought it are 30 he would hold it at 26.

Altagas Ltd (ALA-T)
July 26, 2018

It was a right place to be at a time. Reasonable payout ratio and an 8% dividend yield. He would wait it out. If he bought it are 30 he would hold it at 26.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$26.610
Owned
No
STRONG BUY
STRONG BUY
July 25, 2018

The completed the acquisition of WGL recently that will add cash flow. They are working on the Ridley Island propane export terminal on the west coast, marking the first time propane will be exported to Asian and European markets. The CEO departed recently and he views it as not a major concern regarding operations of the company. He would be buying now on the recent price weakness.

Altagas Ltd (ALA-T)
July 25, 2018

The completed the acquisition of WGL recently that will add cash flow. They are working on the Ridley Island propane export terminal on the west coast, marking the first time propane will be exported to Asian and European markets. The CEO departed recently and he views it as not a major concern regarding operations of the company. He would be buying now on the recent price weakness.

Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$26.660
Owned
Yes
COMMENT
COMMENT
July 18, 2018

He owns it personally. The WGL acqusition has been approved. High yield of 10%, but it carries a lot of debt on the acqusition side, so he didn't buy it for his client portfolios. This will probably move up from the current $28.

Altagas Ltd (ALA-T)
July 18, 2018

He owns it personally. The WGL acqusition has been approved. High yield of 10%, but it carries a lot of debt on the acqusition side, so he didn't buy it for his client portfolios. This will probably move up from the current $28.

Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$28.010
Owned
Yes
DON'T BUY
DON'T BUY
July 17, 2018

Under his model, this stock is overpriced by 15%. Also it is paying out over $2 in dividends but is expected to earn only about $1 this year and $1.35 next year. This is similar to Crescent Point. The stock is getting a bump from oil prices but he would not buy it until it comes down to $21.

Altagas Ltd (ALA-T)
July 17, 2018

Under his model, this stock is overpriced by 15%. Also it is paying out over $2 in dividends but is expected to earn only about $1 this year and $1.35 next year. This is similar to Crescent Point. The stock is getting a bump from oil prices but he would not buy it until it comes down to $21.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$27.990
Owned
No
BUY
BUY
July 12, 2018

Company that stared in Canada and expending in the US. The yield is still abnormally high. He thinks that they can still sustain that. They have been great at selling assets at good valuations. He thinks the yield is crazy and should get [through price appreciation] to more normal levels like 5%. They won’t cut the dividend as they have funding. (Analysts’ price target is $28.95)

Altagas Ltd (ALA-T)
July 12, 2018

Company that stared in Canada and expending in the US. The yield is still abnormally high. He thinks that they can still sustain that. They have been great at selling assets at good valuations. He thinks the yield is crazy and should get [through price appreciation] to more normal levels like 5%. They won’t cut the dividend as they have funding. (Analysts’ price target is $28.95)

Jim Huang
President, T.I.P. Wealth Management
Price
$28.020
Owned
No
BUY
BUY
July 5, 2018

It is the same cap as ENB-T as they are in the big utilities space. He was attracted to what they can do in the mid-east coast US. They can move gas to big US markets from within the US. The dividend is probably safe. He thinks it still offers great value.

Altagas Ltd (ALA-T)
July 5, 2018

It is the same cap as ENB-T as they are in the big utilities space. He was attracted to what they can do in the mid-east coast US. They can move gas to big US markets from within the US. The dividend is probably safe. He thinks it still offers great value.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$27.510
Owned
Unknown
STRONG BUY
STRONG BUY
July 3, 2018

He has recommended this several times. The acquisition is now closed on WGL. They sold about 1/3 of their Northeast BC assets to pay for it. This has worked out well, because these assets are trading at a premium in the private capital market. He has been buying since $24 and likes the 7% yield.

Altagas Ltd (ALA-T)
July 3, 2018

He has recommended this several times. The acquisition is now closed on WGL. They sold about 1/3 of their Northeast BC assets to pay for it. This has worked out well, because these assets are trading at a premium in the private capital market. He has been buying since $24 and likes the 7% yield.

Ryan Bushell
President, Newhaven Asset Management
Price
$27.620
Owned
Yes
DON'T BUY
DON'T BUY
June 29, 2018

They used to own a lot of this stock, but when interest rates began to rise it raised the risk-free rate and made running the business more difficult so they sold out. The company already has a moderate level of debt and the WGL acquisition will add to their leveraged position. They will manage the new asset well, but he thinks the risk of rising interest rates will add headwinds.

Altagas Ltd (ALA-T)
June 29, 2018

They used to own a lot of this stock, but when interest rates began to rise it raised the risk-free rate and made running the business more difficult so they sold out. The company already has a moderate level of debt and the WGL acquisition will add to their leveraged position. They will manage the new asset well, but he thinks the risk of rising interest rates will add headwinds.

Chris Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
Price
$27.150
Owned
No
WATCH
WATCH
June 28, 2018

They have an export terminal for propane in BC. Alberta is awash in propane. They are building this export facility. He used to own this. WGL Holdings should close any day and improves their metrics considerably. The burden of proof is on them. This is not that synergistic an acquisition.

Altagas Ltd (ALA-T)
June 28, 2018

They have an export terminal for propane in BC. Alberta is awash in propane. They are building this export facility. He used to own this. WGL Holdings should close any day and improves their metrics considerably. The burden of proof is on them. This is not that synergistic an acquisition.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$26.390
Owned
No
DON'T BUY
DON'T BUY
June 26, 2018

He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

Altagas Ltd (ALA-T)
June 26, 2018

He would not touch this stock. The high yield is deceptive. It pays out more than it earns and so the balance sheet is deteriorating by 5% per year. His model price is 13% lower than yesterday’s closing price.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$26.340
Owned
No
COMMENT
COMMENT
June 22, 2018

Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

Altagas Ltd (ALA-T)
June 22, 2018

Is the dividend safe? Safe-ish. Better things are happening. If the US acquisition goes through it is going to be an OK story.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$26.420
Owned
Yes
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