Should I buy or sell AltaGas stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALA shares. View ALA analyst ratings or view top-rated stocks .

What is AltaGas' stock price target for 2024?

9 analysts have issued 1-year target prices for AltaGas' stock. Their ALA share price targets range from C$28.00 to C$36.00. On average, they expect the company's share price to reach C$32.29 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price. View analysts price targets for ALA or view top-rated stocks among Wall Street analysts .

How have ALA shares performed in 2023?

AltaGas' stock was trading at C$23.38 at the beginning of 2023. Since then, ALA shares have increased by 16.9% and is now trading at C$27.33. View the best growth stocks for 2023 here .

When is AltaGas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our ALA earnings forecast .

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) released its quarterly earnings results on Friday, November, 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business earned $3.03 billion during the quarter, compared to the consensus estimate of $3.08 billion. AltaGas had a net margin of 4.48% and a trailing twelve-month return on equity of 8.02%.

How often does AltaGas pay dividends? What is the dividend yield for AltaGas?

AltaGas announced a quarterly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be paid a dividend of 0.28 per share on Friday, December 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for ALA .

Is AltaGas a good dividend stock?

AltaGas (TSE:ALA) pays an annual dividend of C$1.12 per share and currently has a dividend yield of 4.07%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.63%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ALA .

What other stocks do shareholders of AltaGas own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AltaGas investors own include Enbridge (ENB) , Inter Pipeline (IPL) , Algonquin Power & Utilities (AQN) , Corus Entertainment (CJR.B) , Toronto-Dominion Bank (TD) , Pembina Pipeline (PPL) , BCE (BCE) , Bank of Nova Scotia (BNS) , Whitecap Resources (WCP) and Vermilion Energy (VET) .

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. Compare Top Brokerages Here .

AltaGas Stock Price, News & Analysis (TSE:ALA)

C$27.33

-0.39 (-1.41%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$27.30
▼
C$27.71
50-Day Range: C$24.86
▼
C$27.95
52-Week Range: C$21.25
▼
C$28.10

Volume: 568,707 shs
Average Volume: 762,309 shs
Market Capitalization: C$7.70 billion

P/E Ratio: 13.33
Dividend Yield: 4.10%
Price Target: C$32.29

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

AltaGas MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 18.2% Upside
C$32.29 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: Selling Shares
C$1.95 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
AltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 9 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$32.29, AltaGas has a forecasted upside of 18.2% from its current price of C$27.33.
Amount of Analyst Coverage
AltaGas has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ALA.

2.5

Dividend Strength

Dividend Leadership
AltaGas is a leading dividend payer. It pays a dividend yield of 4.07%, 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 54.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALA.

2.2

News and Social Media Coverage

News Sentiment
AltaGas has a news sentiment score of 1.00. 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 higher news sentiment than the 0.40 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for AltaGas this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, AltaGas insiders have sold 43.75% more of their company's stock than they have bought. Specifically, they have bought C$1,355,450.00 in company stock and sold C$1,948,451.00 in company stock.
Percentage Held by Insiders
Only 0.64% of the stock of AltaGas is held by insiders.
Percentage Held by Institutions
Only 34.92% of the stock of AltaGas is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of AltaGas is 13.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of AltaGas is 13.33, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.74.
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 1.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About AltaGas Stock (TSE:ALA)

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 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering 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; natural gas gathering and extraction business; 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 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada.

ALA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALA Stock News Headlines

November 21, 2023 | ca.finance.yahoo.com

Should You Buy AltaGas Stock for its 4.1% Dividend Yield?

November 21, 2023 | finance.yahoo.com

ALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES E PREFERRED SHARES

December 5, 2023 | Wealthpress (Ad)

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November 21, 2023 | finance.yahoo.com

The 4.9% return this week takes AltaGas' (TSE:ALA) shareholders five-year gains to 142%

November 15, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref A down on Monday (ALA-PR-A)

November 14, 2023 | finance.yahoo.com

Ridley Island Energy Export Facility to Commence Site Clearing in November 2023

November 10, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref Ser E flat on Thursday (ALA-PR-E)

November 9, 2023 | morningstar.com

AltaGas Ltd ALA

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November 8, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref H up on Wednesday (ALA-PR-H)

November 7, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref H up on Tuesday (ALA-PR-H)

October 31, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref A up on Tuesday (ALA-PR-A)

October 13, 2023 | finance.yahoo.com

ALTAGAS TO ISSUE THIRD QUARTER 2023 RESULTS

October 10, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref G up on Tuesday (ALA-PR-G)

October 10, 2023 | msn.com

Dividend Investors: Top TSX Utility Stocks to Buy as Oil Prices Rise

October 10, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref G up on Friday (ALA-PR-G)

October 4, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref Ser E flat on Wednesday (ALA-PR-E)

September 26, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref Ser E up on Monday (ALA-PR-E)

September 20, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref G up on Wednesday (ALA-PR-G)

September 20, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref G down on Tuesday (ALA-PR-G)

September 8, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref A flat on Tuesday (ALA-PR-A)

September 3, 2023 | msn.com

AltaGas: Well-Deserved Outperformance, But Relative Valuation Becomes Less Appealing (Rating Downgrade)

September 2, 2023 | reuters.com

Canada's AltaGas to buy natural gas assets from Tidewater for C$650 million

August 31, 2023 | reuters.com

Canada's AltaGas to buy natural gas assets from Tidewater for C$650 mln

August 31, 2023 | reuters.com

Canada's Altagas to buy natural gas assets from Tidewater for $650 mln

August 31, 2023 | theglobeandmail.com

Altagas to buy natural gas assets from Tidewater for US$650-million

August 30, 2023 | theglobeandmail.com

Closing Bell: Altagas Ltd Pref H flat on Monday (ALA-PR-H)

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/03/2023
Today: 12/04/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Next Earnings (Estimated): 3/07/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas Midstream
Sub-Industry: N/A
Sector: Energy
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$32.29
High Stock Price Target: C$36.00
Low Stock Price Target: C$28.00
Potential Upside/Downside: +18.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.05
Trailing P/E Ratio: 13.33
Forward P/E Ratio: 12.89
P/E Growth: -4.97
Net Income: C$582 million
Net Margins: 4.48%
Pretax Margin: N/A
Return on Equity: 8.02%
Return on Assets: 2.32%

Debt

Debt-to-Equity Ratio: 114.73
Current Ratio: 0.82
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: C$13.61 billion
Price / Sales: 0.57
Cash Flow: C$0.52 per share
Price / Cash Flow: 52.24
Book Value: C$25.38 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 281,830,000
Free Float: N/A
Market Cap: C$7.70 billion
Optionable: Not Optionable
Beta: 1.18

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Key Executives

Mr. D. James Harbilas B.Com. (Age 53)
C.A., CPA, Executive VP & CFO
Comp: $1.14M
Ms. Corine Renne Knight Bushfield B.Comm (Age 48)
CA, CPA, Executive VP & Chief Administrative Officer
Comp: $878.96k
Mr. Randy W. Toone B.Sc.
P.Eng, Executive VP & President of Midstream
Mr. Donald M. Jenkins B.Sc. (Age 50)
M.B.A., Executive VP and President of Utilities & Washington Gas Light Company
Comp: $1.56M
Mr. Vern D. Yu (Age 56)
President, CEO & Non-Independent Director
Mr. Jon Morrison
Senior Vice President of Investor Relations & Corporate Development
Mr. Bradley B. Grant B.Comm
Esq., LLB, MBA, Executive VP, Chief Legal Officer & Corporate Secretary
Mr. Kent E. Stout
Senior Vice President of Organizational Development
Ms. Shaheen Amirali B.Sc.
L.L.B., Executive VP, Chief External Affairs & Sustainability Officer
David Anderson
Senior Vice President of Corporate Environmental Health & Safety

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ALA Stock Analysis - Frequently Asked Questions

Should I buy or sell AltaGas stock right now?: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALA shares.
View ALA analyst ratings or view top-rated stocks.
What is AltaGas' stock price target for 2024?: 9 analysts have issued 1-year target prices for AltaGas' stock. Their ALA share price targets range from C$28.00 to C$36.00. On average, they expect the company's share price to reach C$32.29 in the next twelve months. This suggests a possible upside of 18.2% from the stock's current price.
View analysts price targets for ALA or view top-rated stocks among Wall Street analysts.
How have ALA shares performed in 2023?: AltaGas' stock was trading at C$23.38 at the beginning of 2023. Since then, ALA shares have increased by 16.9% and is now trading at C$27.33.
View the best growth stocks for 2023 here.
When is AltaGas' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our ALA earnings forecast.
How were AltaGas' earnings last quarter?: AltaGas Ltd. (TSE:ALA) released its quarterly earnings results on Friday, November, 3rd. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business earned $3.03 billion during the quarter, compared to the consensus estimate of $3.08 billion. AltaGas had a net margin of 4.48% and a trailing twelve-month return on equity of 8.02%.

How often does AltaGas pay dividends? What is the dividend yield for AltaGas?: AltaGas announced a quarterly dividend on Thursday, December 14th. Shareholders of record on Friday, December 29th will be paid a dividend of 0.28 per share on Friday, December 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for ALA.
Is AltaGas a good dividend stock?: AltaGas (TSE:ALA) pays an annual dividend of C$1.12 per share and currently has a dividend yield of 4.07%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ALA.
What other stocks do shareholders of AltaGas own?: Based on aggregate information from My MarketBeat watchlists, some companies that other AltaGas investors own include Enbridge (ENB), Inter Pipeline (IPL), Algonquin Power & Utilities (AQN), Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL), BCE (BCE), Bank of Nova Scotia (BNS), Whitecap Resources (WCP) and Vermilion Energy (VET).
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.
Compare Top Brokerages Here.

This page (TSE:ALA) was last updated on 12/5/2023 by MarketBeat.com Staff

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AltaGas Stock Price, News & Analysis (TSE:ALA)

AltaGas MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About AltaGas Stock (TSE:ALA)

ALA Stock Price History

ALA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ALA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™