AltaGas (ATGFF) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $24.59 to $25.24
• 50-Day Range: $24.18 to $26.06
• 52-Week Range: $17.84 to $26.06
• Volume: 70,804 shs
• Average Volume: 55,462 shs
• Market Capitalization: N/A
• P/E Ratio: 22.38
• Dividend Yield: 6.11%
• Price Target: N/A
• Consensus Rating: Hold

AltaGas Stock Analysis - MarketRank™

AltaGas scored higher than 13% 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: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for AltaGas.

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 22.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.98.

Price to Earnings Ratio vs. Sector

The P/E ratio of AltaGas is 22.38, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 100.97.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

AltaGas has a short interest ratio ("days to cover") of 35.9, which indicates bearish sentiment.

Change versus previous month

Short interest in AltaGas has recently decreased by 26.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

AltaGas is a leading dividend payer. It pays a dividend yield of 4.53%, 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 136.76%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

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

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

AltaGas has a short interest ratio ("days to cover") of 35.9, which indicates bearish sentiment.

Change versus previous month

Short interest in AltaGas has recently decreased by 26.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.9 / 5
• News Sentiment: -1.36

News Sentiment

AltaGas has a news sentiment score of -1.36. 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 is a lower news sentiment than the 0.42 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for AltaGas this week, compared to 0 articles on an average week.

MarketBeat Follows

1 people have added AltaGas to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, AltaGas insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 28.70% of the stock of AltaGas is held by institutions.

ATGFF Stock Analysis - Frequently Asked Questions

How have ATGFF shares performed this year?

AltaGas' stock was trading at $20.88 on January 1st, 2024. Since then, ATGFF shares have increased by 17.8% and is now trading at $24.59.
View the best growth stocks for 2024 here.

How do I buy shares of AltaGas?

Shares of ATGFF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Energy
• Industry: Oil & Gas Midstream
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: OTCMKTS:ATGFF
• CUSIP: N/A
• CIK: 1695519
• Web: www.altagas.ca
• Phone: (403) 691-7575
• Fax: N/A
• Employees: 2,930
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: 22.38
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A