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TSE:ALA

AltaGas (ALA) Stock Price, News & Analysis

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C$33.39 +0.29 (+0.88%)
(As of 12:30 PM ET)

About AltaGas Stock (TSE:ALA)

Key Stats

Today's Range
C$32.97
C$33.59
50-Day Range
C$32.15
C$35.70
52-Week Range
C$26.91
C$35.77
Volume
164,756 shs
Average Volume
920,315 shs
Market Capitalization
C$9.93 billion
P/E Ratio
23.03
Dividend Yield
3.56%
Price Target
C$38.10
Consensus Rating
Moderate Buy

Company Overview

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

AltaGas Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
31st Percentile Overall Score

ALA MarketRank™: 

AltaGas scored higher than 31% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 4 research reports in the past 90 days.

  • Read more about AltaGas' stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of AltaGas is 23.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of AltaGas is 23.07, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.80.

  • 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

    There is no current short interest data available for ALA.
  • Dividend Leadership

    AltaGas is a leading dividend payer. It pays a dividend yield of 3.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

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

  • Dividend Coverage

    The dividend payout ratio of AltaGas is 82.07%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about AltaGas' dividend.
  • Short Interest

    There is no current short interest data available for ALA.
  • News Coverage This Week

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

    3 people have searched for ALA on MarketBeat in the last 30 days.
  • MarketBeat Follows

    Only 2 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, AltaGas insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$502,269.00 in company stock and sold C$0.00 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.

  • Read more about AltaGas' insider trading history.
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ALA Stock News Headlines

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AltaGas Announces Debt Tender Offer Pricing
See More Headlines

ALA Stock Analysis - Frequently Asked Questions

AltaGas' stock was trading at C$27.82 at the start of the year. Since then, ALA shares have increased by 20.2% and is now trading at C$33.45.
View the best growth stocks for 2024 here
.

AltaGas Ltd. (TSE:ALA) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $539 million for the quarter, compared to the consensus estimate of $633.11 million. AltaGas had a net margin of 3.58% and a trailing twelve-month return on equity of 5.78%.

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.
Compare Top Brokerages Here.

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
7/27/2017
Ex-Dividend for 9/27 Dividend
9/16/2024
Dividend Payable
9/27/2024
Ex-Dividend for 12/31 Dividend
12/16/2024
Today
12/24/2024
Dividend Payable
12/31/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,045
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$38.10
High Stock Price Target
C$40.00
Low Stock Price Target
C$34.00
Potential Upside/Downside
+15.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
C$429 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$12.75 billion
Cash Flow
C$0.63 per share
Book Value
C$26.51 per share

Miscellaneous

Free Float
N/A
Market Cap
C$9.84 billion
Optionable
Not Optionable
Beta
1.23
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This page (TSE:ALA) was last updated on 12/24/2024 by MarketBeat.com Staff
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