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$52.21 to C$53.06
• 50-Day Range: C$45.18 to C$50.91
• 52-Week Range: C$37.08 to C$53.06
• Volume: 536,624 shs
• Average Volume: 1.02 million shs
• Market Capitalization: C$16.27 billion
• P/E Ratio: 31.87
• Dividend Yield: 2.45%
• Price Target: C$53.25
• Consensus Rating: Buy

AltaGas Stock Analysis - MarketRank™

AltaGas scored higher than 32% 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: 2.6 / 5
• Analyst Rating: Buy

Consensus Rating

AltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on no strong buy ratings, 7 buy ratings, no hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for AltaGas is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

AltaGas has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of AltaGas is 32.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of AltaGas is 32.13, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 15.70.

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 1.66. 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: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

AltaGas pays a meaningful dividend of 2.56%, 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 77.99%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.79

News Sentiment

AltaGas has a news sentiment score of 0.79. 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 0.68 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for AltaGas this week, compared to 2 articles on an average week.

Search Interest

Only 2 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.

Company Ownership

• Score: 0.5 / 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 Insiders

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

Percentage Held by Institutions

39.53% 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$41.85 at the start of the year. Since then, ALA stock has increased by 25.9% and is now trading at C$52.70.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) announced its quarterly earnings results on Thursday, April, 30th. The company reported $1.33 EPS for the quarter. The company earned $3.97 billion during the quarter. AltaGas had a net margin of 4.02% and a trailing twelve-month return on equity of 5.92%.
Read the conference call transcript.

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

• Ex-Dividend for 3/31 Dividend: 3/16/2026
• Record date for 3/31 Dividend: 3/31/2026
• Dividend Payable: 3/31/2026
• Last Earnings: 4/30/2026
• Today: 5/05/2026

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas Midstream
• Sub-Industry: N/A
• Current Symbol: TSE:ALA
• 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 Price Target for AltaGas: C$53.25
• High Price Target: C$57.00
• Low Price Target: C$50.00
• Potential Upside/Downside: +1.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): C$1.64
• Trailing P/E Ratio: 31.87
• Forward P/E Ratio: 22.72
• P/E Growth: -4.97
• Net Income: C$513.15 million
• Net Margins: 4.02%
• Pretax Margin: N/A
• Return on Equity: 5.92%
• Return on Assets: 2.69%

Debt

• Debt-to-Equity Ratio: 115.95
• Current Ratio: 0.88
• Quick Ratio: 0.44

Sales & Book Value

• Annual Sales: C$12.71 billion
• Price / Sales: 1.28
• Cash Flow: C$1.00 per share
• Price / Cash Flow: 52.24
• Book Value: C$31.69 per share
• Price / Book: 1.65

Miscellaneous

• Outstanding Shares: 311,291,000
• Free Float: N/A
• Market Cap: C$16.27 billion
• Optionable: Not Optionable
• Beta: 0.34