AltaGas (ALA) Stock Price, News & Analysis

Company Overview

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. The Power business includes power generation assets such as natural gas-fired, wind, biomass, and hydro power assets. Revenue is derived from customers in both Canada and the United States, with United States customers contributing the most.

Key Stats

• Today's Range: C$34.45 to C$34.91
• 50-Day Range: C$32.15 to C$35.06
• 52-Week Range: C$28.21 to C$35.77
• Volume: 569,634 shs
• Average Volume: 682,634 shs
• Market Capitalization: C$10.38 billion
• P/E Ratio: 20.22
• Dividend Yield: 3.41%
• Price Target: C$38.40
• Consensus Rating: Moderate Buy

AltaGas Stock Analysis - MarketRank™

AltaGas scored higher than 43% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

AltaGas has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

AltaGas has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of AltaGas is 20.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 21.79.

Price to Earnings Ratio vs. Sector

The P/E ratio of AltaGas is 20.22, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 92.87.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

AltaGas has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALA.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

AltaGas pays a meaningful dividend of 3.37%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

AltaGas does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AltaGas is 68.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ALA.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.64

News Sentiment

AltaGas has a news sentiment score of 0.64. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for AltaGas this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AltaGas insiders have sold 67.13% more of their company's stock than they have bought. Specifically, they have bought C$250,549.00 in company stock and sold C$418,733.00 in company stock.

Percentage Held by Insiders

Only 0.58% of the stock of AltaGas is held by insiders.

Percentage Held by Institutions

Only 35.25% of the stock of AltaGas is held by institutions.

ALA Stock Analysis - Frequently Asked Questions

How have ALA shares performed this year?

AltaGas' stock was trading at C$33.48 on January 1st, 2025. Since then, ALA shares have increased by 4.2% and is now trading at C$34.88.
View the best growth stocks for 2025 here.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) posted its quarterly earnings results on Thursday, October, 31st. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.04. AltaGas had a trailing twelve-month return on equity of 6.36% and a net margin of 4.04%.

How do I buy shares of AltaGas?

Shares of ALA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.

What other stocks do shareholders of AltaGas own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AltaGas investors own include Enbridge (ENB), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), BCE (BCE), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL) and Suncor Energy (SU).

Company Calendar

• Last Earnings: 10/31/2024
• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Dividend Payable: 12/31/2024
• Today: 2/22/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Midstream
• Sub-Industry: N/A
• Current Symbol: TSE:ALA
• CUSIP: N/A
• CIK: N/A
• Web: www.altagas.ca
• Phone: +1-403-6917575
• Fax: N/A
• Employees: 3,045
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$38.40
• High Stock Price Target: C$42.00
• Low Stock Price Target: C$34.00
• Potential Upside/Downside: +10.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.73
• Trailing P/E Ratio: 20.22
• Forward P/E Ratio: 15.16
• P/E Growth: -4.97
• Net Income: C$513.15 million
• Net Margins: 4.04%
• Pretax Margin: N/A
• Return on Equity: 6.36%
• Return on Assets: 2.69%

Debt

• Debt-to-Equity Ratio: 135.26
• Current Ratio: 1.03
• Quick Ratio: 0.44

Sales & Book Value

• Annual Sales: C$12.70 billion
• Price / Sales: 0.82
• Cash Flow: C$0.67 per share
• Price / Cash Flow: 52.24
• Book Value: C$27.77 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 297,686,793
• Free Float: N/A
• Market Cap: C$10.38 billion
• Optionable: Not Optionable
• Beta: 1.23