Altagas Ltd Company Profile (TSE:ALA)

About Altagas Ltd (TSE:ALA)

Altagas Ltd logoAltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp. The Power segment includes generation assets located across North America with over 2,000 megawatt (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal. The Utilities segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Oil & Gas Pipelines
  • Sub-Industry: N/A
  • Symbol: TSE:ALA
  • CUSIP: N/A
  • Web: www.altagas.ca
Capitalization:
  • Market Cap: C$4.87 billion
  • Outstanding Shares: 171,582,000
Average Prices:
  • 50 Day Moving Avg: C$27.87
  • 200 Day Moving Avg: C$29.76
  • 52 Week Range: C$26.87 - C$35.55
P/E:
  • Trailing P/E Ratio: 43.98
  • P/E Growth: -60.22
Sales & Book Value:
  • Annual Revenue: C$2.49 billion
  • Price / Sales: 1.95
  • Book Value: C$20.25 per share
  • Price / Book: 1.40
Dividend:
  • Dividend Yield: 7.4%
Profitability:
  • EBIDTA: C$711.4 million
  • Net Margins: 1.84%
  • Return on Equity: -0.93%
  • Return on Assets: 0.39%
Misc:
  • Average Volume: 458,789 shs.
  • Short Ratio: 8.32
 

Frequently Asked Questions for Altagas Ltd (TSE:ALA)

What is Altagas Ltd's stock symbol?

Altagas Ltd trades on the Tornton Stock Exchange (TSX) under the ticker symbol "ALA."

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

Altagas Ltd declared a monthly dividend on Monday, September 11th. Stockholders of record on Monday, September 25th will be paid a dividend of 0.175 per share on Monday, October 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.40%. The ex-dividend date is Friday, September 22nd. View Altagas Ltd's Dividend History.

How were Altagas Ltd's earnings last quarter?

Altagas Ltd (TSE:ALA) announced its earnings results on Thursday, July, 27th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.01. The firm earned $539 million during the quarter, compared to analyst estimates of $633.11 million. Altagas Ltd had a negative return on equity of 0.93% and a net margin of 1.84%. View Altagas Ltd's Earnings History.

When will Altagas Ltd make its next earnings announcement?

Altagas Ltd is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for Altagas Ltd.

Where is Altagas Ltd's stock going? Where will Altagas Ltd's stock price be in 2017?

12 analysts have issued 12 month price targets for Altagas Ltd's stock. Their forecasts range from C$31.00 to C$39.00. On average, they expect Altagas Ltd's share price to reach C$35.11 in the next year. View Analyst Ratings for Altagas Ltd.

Who are some of Altagas Ltd's key competitors?

Who are Altagas Ltd's key executives?

Altagas Ltd's management team includes the folowing people:

  • David W. Cornhill, Non-Independent Chairman of the Board
  • David M. Harris, President, Chief Executive Officer
  • Timothy William Watson, Chief Financial Officer, Executive Vice President
  • John D. O'Brien Jr., President, Chief Operating Officer of AltaGas Services (U.S.) Inc.
  • Corine R.K. Bushfield, Executive Vice President, Chief Administrative Officer
  • John E. Lowe, Executive Vice President
  • Kent E. Stout, Senior Vice President - Organizational Development
  • Brad B. Grant, Vice President, General Counsel
  • M. Neil McCrank QC, Lead Independent Director
  • Catherine M. Best, Independent Director

How do I buy Altagas Ltd stock?

Shares of Altagas Ltd and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

What is Altagas Ltd's stock price today?

One share of Altagas Ltd stock can currently be purchased for approximately C$28.37.


MarketBeat Community Rating for Altagas Ltd (TSE ALA)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  213 (Vote Outperform)
Underperform Votes:  277 (Vote Underperform)
Total Votes:  490
MarketBeat's community ratings are surveys of what our community members think about Altagas Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Altagas Ltd (TSE:ALA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 6 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: C$35.11

Analysts' Ratings History for Altagas Ltd (TSE:ALA)
Show:
DateFirmActionRatingPrice TargetDetails
7/28/2017BMO Capital MarketsSet Price TargetMarket PerformC$32.00View Rating Details
7/28/2017Royal Bank Of CanadaLower Price TargetSector PerformC$35.00 -> C$33.00View Rating Details
7/25/2017Canaccord GenuityLower Price TargetHoldC$33.00 -> C$31.00View Rating Details
4/27/2017ScotiabankReiterated RatingOutperformC$36.00View Rating Details
4/27/2017Raymond James Financial, Inc.Reiterated RatingMarket PerformC$32.00View Rating Details
2/10/2017MacquarieUpgradeNeutral -> OutperformView Rating Details
2/3/2017AltaCorp CapitalReiterated RatingSector PerformView Rating Details
2/6/2017CIBCBoost Price TargetC$37.00 -> C$39.00View Rating Details
2/6/2017National Bank FinancialReiterated RatingOutperformC$38.00View Rating Details
1/4/2017TD SecuritiesBoost Price TargetBuyC$36.00 -> C$37.00View Rating Details
10/21/2016DesjardinsUpgradeHold -> BuyC$34.00 -> C$38.00View Rating Details
10/21/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details
7/12/2016FirstEnergy CapitalReiterated RatingOutperformView Rating Details
(Data available from 9/23/2015 forward)

Earnings

Earnings History for Altagas Ltd (TSE:ALA)
Earnings by Quarter for Altagas Ltd (TSE:ALA)
Earnings History by Quarter for Altagas Ltd (TSE ALA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/19/2017C$0.11N/AView Earnings Details
7/27/2017Q2 2017C$0.16C$0.17C$633.11 millionC$539.00 millionViewN/AView Earnings Details
7/30/2015Q2C$0.09C$0.06C$671.00 millionC$416.00 millionViewListenView Earnings Details
7/31/2014C$0.22C$0.22C$215.10 millionC$219.90 millionViewN/AView Earnings Details
5/1/2014C$0.59C$0.60C$286.20 millionC$296.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Altagas Ltd (TSE:ALA)
Current Year EPS Consensus Estimate: $0.95 EPS

Dividends

Dividend History by Quarter for Altagas Ltd (TSE ALA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/11/2017Monthly$0.187.63%9/22/20179/25/201710/16/2017
7/28/2017Monthly$0.187.31%8/23/20178/25/20179/15/2017
7/10/2017Monthly$0.187.12%7/21/20177/25/20178/15/2017
6/23/2015Monthly$0.165.01%6/23/20157/15/20157/15/2015
5/21/2015Monthly$0.164.69%5/21/20156/15/20156/15/2015
4/23/2015Monthly$0.154.26%4/23/20155/15/20155/15/2015
3/23/2015Monthly$0.154.13%3/23/20154/15/20154/15/2015
2/23/2015Monthly$0.153.83%2/23/20153/16/20153/16/2015
1/22/2015Monthly$0.154.56%1/22/20152/17/20152/17/2015
12/10/2014dec 14$0.154.78%12/23/201412/29/20141/15/2015
10/30/2014nov 14$0.153.79%11/21/201411/25/201412/15/2014
10/10/2014oct 14$0.153.97%10/23/201410/27/201411/17/2014
9/23/2014Monthly$0.153.46%9/23/201410/15/201410/15/2014
8/21/2014Monthly$0.153.59%8/21/20149/15/20149/15/2014
7/10/2014jul 14$0.153.63%7/23/20147/25/20148/15/2014
6/10/2014jun 14$0.153.61%6/23/20146/25/20147/15/2014
5/1/2014may 14$0.153.6%5/22/20145/26/20146/16/2014
4/10/2014apr 14$0.133.29%4/23/20144/25/20145/15/2014
3/21/2014Monthly$0.133.49%3/21/20144/15/20144/15/2014
2/10/2014$0.122/21/20142/25/20143/17/2014
2/10/2014feb 14$0.133.69%2/21/20142/25/20143/17/2014
1/10/2014$0.121/23/20141/27/20142/18/2014
1/10/2014jan 14$0.133.76%1/23/20141/27/20142/18/2014
12/10/2013dec 13$0.133.87%12/23/201312/27/20131/15/2014
10/10/2013oct 13$0.1310/23/201310/25/201311/15/2013
9/10/2013sep 13$0.139/23/20139/25/201310/15/2013
8/1/2013aug 13$0.138/22/20138/26/20139/16/2013
7/10/2013jul 13$0.137/23/20137/25/20138/15/2013
6/10/2013jun 13$0.136/21/20136/25/20137/15/2013
4/10/2013apr 13$0.124/23/20134/25/20135/15/2013
2/28/2013mar 13$0.123/21/20133/25/20134/15/2013
2/11/2013feb 13$0.122/21/20132/25/20133/15/2013
1/10/2013jan 13$0.121/23/20131/25/20132/15/2013
12/10/2012dec 12$0.1212/21/201212/27/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Altagas Ltd (TSE:ALA)
Insider Trades by Quarter for Altagas Ltd (TSE:ALA)
Insider Trades by Quarter for Altagas Ltd (TSE:ALA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/8/2017Kent Eugene StoutInsiderSell1,000C$31.60C$31,600.00
5/2/2017Kent Eugene StoutInsiderSell1,000C$30.50C$30,500.00
3/17/2017Shaun William ToivanenInsiderBuy500C$29.85C$14,925.00
3/16/2017Peter Lauren KarlInsiderSell2,200C$30.83C$67,826.00
3/9/2017Phillip R KnollDirectorBuy1,000C$29.75C$29,750.00
3/2/2017Allan Leslie EdgeworthDirectorSell1,100C$31.12C$34,232.00
2/27/2017David French MackieDirectorBuy5,000C$30.98C$154,900.00
2/27/2017Shaun William ToivanenInsiderBuy1,550C$29.94C$46,407.00
3/17/2016Deborah Susan SteinInsiderSell5,000C$33.65C$168,250.00
3/16/2016Deborah Susan SteinInsiderSell3,100C$14.24C$44,144.00
3/3/2016Deborah Susan SteinInsiderSell7,500C$33.00C$247,500.00
12/16/2015Peter Lauren KarlInsiderSell8,000C$30.40C$243,200.00
12/7/2015Phillip R KnollDirectorBuy1,500C$28.74C$43,110.00
12/4/2015Allan Leslie EdgeworthDirectorSell10,000C$31.11C$311,086.00
11/13/2015Phillip R KnollDirectorBuy1,500C$32.50C$48,750.00
11/4/2015David Wallace CornhillDirectorSell90,100C$34.35C$3,094,935.00
8/12/2015Timothy William WatsonInsiderBuy2,400C$34.35C$82,431.12
3/13/2015Allan Leslie EdgeworthDirectorSell4,600C$40.45C$186,070.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Altagas Ltd (TSE:ALA)
Latest Headlines for Altagas Ltd (TSE:ALA)
Source:
DateHeadline
fool.ca logo3 Dividend Stocks to Target as Oil Recovers - The Motley Fool Canada
www.fool.ca - September 22 at 2:48 PM
finance.yahoo.com logoAltaGas Ltd. breached its 50 day moving average in a Bullish Manner : ALA-CA : September 22, 2017
finance.yahoo.com - September 22 at 2:48 PM
finance.yahoo.com logoAltaGas Ltd. Announces Conversion Results for Series C Preferred Shares
finance.yahoo.com - September 20 at 8:38 PM
fool.ca logoNew Investors: Use DRIPs to Compound Your Earnings - The Motley Fool Canada
www.fool.ca - September 20 at 3:35 PM
fool.ca logo2 Oversold Dividend Stocks Yielding 7% - The Motley Fool Canada
www.fool.ca - September 19 at 3:44 PM
fool.ca logoMonthly Income: 2 Dividend Stocks Yielding up to 8%
www.fool.ca - September 18 at 4:08 PM
fool.ca logoAltagas Ltd.: A High-Yielding Dividend-Paying Stock for Your TFSA
www.fool.ca - September 15 at 4:00 PM
finance.yahoo.com logoIs It The Right Time To Buy AltaGas Ltd (TSX:ALA)?
finance.yahoo.com - September 14 at 4:15 PM
fool.ca logo2 High-Yield Canadian Stocks for Your Watch List - The Motley Fool Canada
www.fool.ca - September 13 at 4:49 PM
benzinga.com logoAltaGas Ltd. Announces Revision to Ex-Dividend Date - Benzinga
www.benzinga.com - September 12 at 9:00 PM
finance.yahoo.com logoAltaGas Ltd. Announces Revision to Ex-Dividend Date
finance.yahoo.com - September 12 at 9:00 PM
nasdaq.com logoCash Dividend On The Way From AltaGas Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A
www.nasdaq.com - September 12 at 3:56 PM
americanbankingnews.com logoAltagas Ltd (ALA) Plans $0.18 Monthly Dividend
www.americanbankingnews.com - September 12 at 9:28 AM
benzinga.com logoAltaGas Ltd. Announces Monthly Dividend | Benzinga - Benzinga
www.benzinga.com - September 11 at 9:35 PM
americanbankingnews.com logoAltagas Ltd (ALA) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - September 9 at 11:46 AM
fool.ca logo3 Canadian Income Stocks Yielding 6.5-8% - The Motley Fool Canada
www.fool.ca - September 7 at 3:38 PM
fool.ca logoAre Altagas Ltd.'s Subscription Receipts a GIC With a Pleasant Twist? - The Motley Fool Canada
www.fool.ca - September 4 at 4:19 PM
fool.ca logo2 Big-Dividend Stocks at Excellent Discounts - The Motley Fool Canada
www.fool.ca - September 1 at 9:19 PM
fool.ca logoRetirees: 3 High-Yield Canadian Stocks for Your TFSA Today - The Motley Fool Canada
www.fool.ca - August 31 at 3:33 PM
marketwatch.com logoAltaGas Ltd. Provides Notice of Series C Shares Conversion Right and Announces Reset Dividend Rates - MarketWatch
www.marketwatch.com - August 31 at 3:33 PM
finance.yahoo.com logoAltaGas Ltd. Provides Notice of Series C Shares Conversion Right and Announces Reset Dividend Rates
finance.yahoo.com - August 31 at 3:33 PM
fool.ca logoInvestors: Beware of Stocks That Hold Too Much Debt - The Motley Fool Canada
www.fool.ca - August 30 at 4:25 PM
seekingalpha.com logoWhat Will It Take For Altagas Stock To Go Higher? - Seeking Alpha
seekingalpha.com - August 29 at 4:03 PM
fool.ca logoTFSA Investors: 2 Unloved Dividend-Growth Stocks Yielding 7% Today - The Motley Fool Canada
www.fool.ca - August 24 at 3:45 PM
finance.yahoo.com logoAltaGas Ltd. : ALA-CA: Dividend Analysis : August 25th, 2017 (record date) : By the numbers : August 23, 2017
finance.yahoo.com - August 23 at 3:43 PM
fool.ca logo2 High-Yield Dividend Stocks Offering up to 8%
www.fool.ca - August 22 at 4:29 PM
fool.ca logoA Huge Bargain to Make You Tremendously Wealthy
www.fool.ca - August 21 at 3:52 PM
americanbankingnews.com logoAltagas Ltd (ALA) to Issue Monthly Dividend of $0.18
www.americanbankingnews.com - August 18 at 9:14 AM
fool.ca logoIs Altagas Ltd.'s 7.5% Dividend Yield Safe? | The Motley Fool Canada - The Motley Fool Canada
www.fool.ca - August 17 at 5:07 PM
fool.ca logoIs it Time to Throw in the Towel for Altagas Ltd.? - The Motley Fool Canada
www.fool.ca - August 16 at 3:41 PM
finance.yahoo.com logoAltaGas Ltd. : ALA-CA: Dividend Analysis : July 25th, 2017 (record date) : By the numbers : August 16, 2017
finance.yahoo.com - August 16 at 3:41 PM
fool.ca logoOil Is Hovering Around $50 Per Barrel: Time to Load Up? - The Motley Fool Canada
www.fool.ca - August 15 at 4:45 PM
finance.yahoo.com logoAltaGas Announces Death of David F. Mackie, Founding Member and Independent Director of AltaGas
finance.yahoo.com - August 15 at 4:45 PM
finance.yahoo.com logoETFs with exposure to AltaGas Ltd. : August 15, 2017
finance.yahoo.com - August 15 at 4:45 PM
americanbankingnews.com logoAltagas Ltd (ALA) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - August 15 at 12:44 PM
fool.ca logoWhy Altagas Ltd. Is Worth No More Than $25 Per Share Today - The Motley Fool Canada
www.fool.ca - August 14 at 4:02 PM
seekingalpha.com logoAltaGas And Its WGL Acquisition - Seeking Alpha
seekingalpha.com - August 13 at 3:29 PM
finance.yahoo.com logoEdited Transcript of ALA.TO earnings conference call or presentation 27-Jul-17 3:00pm GMT
finance.yahoo.com - August 12 at 3:31 PM
fool.ca logoIncome Investors: 2 High-Yield Dividend Stocks for Your TFSA Today - The Motley Fool Canada
www.fool.ca - August 12 at 2:16 AM
fool.ca logo3 Income-Generating Stocks for Investors Nearing Retirement
www.fool.ca - August 10 at 5:08 PM
fool.ca logoRetirees: 2 High-Yield Canadian Stocks for a TFSA Income Portfolio - The Motley Fool Canada
www.fool.ca - August 7 at 4:37 PM
fool.ca logoRetirees: 2 Top Stocks for High Income Every Month - The Motley Fool Canada
www.fool.ca - August 3 at 3:47 PM
finance.yahoo.com logoPRESS DIGEST- Canada- Aug 2
finance.yahoo.com - August 2 at 3:36 PM
finance.yahoo.com logoAltaGas Ltd. :ALA-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 2, 2017
finance.yahoo.com - August 2 at 3:36 PM
fool.ca logoAltagas Ltd. Reports Solid Q2 Results, Raises Outlook: Time to Buy?
www.fool.ca - July 29 at 2:21 AM
americanbankingnews.com logoAltagas Ltd (TSE:ALA) Given New C$33.00 Price Target at Royal Bank Of Canada
www.americanbankingnews.com - July 28 at 6:35 PM
americanbankingnews.com logoBMO Capital Markets Reiterates "C$32.00" Price Target for Altagas Ltd (ALA)
www.americanbankingnews.com - July 28 at 6:34 PM
americanbankingnews.com logoAltagas Ltd (TSE:ALA) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
www.americanbankingnews.com - July 28 at 5:11 PM
fool.ca logo3 High-Yield Income Picks for Your TFSA Today - The Motley Fool Canada
www.fool.ca - July 26 at 3:45 PM
fool.ca logoWhy Is Altagas Ltd. an Attractive Dividend Opportunity? | The Motley ... - The Motley Fool Canada
www.fool.ca - July 25 at 8:37 PM

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Chart

Altagas Ltd (ALA) Chart for Saturday, September, 23, 2017

This page was last updated on 9/23/2017 by MarketBeat.com Staff