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S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Laser breakthrough could send stock soaring 2,467% (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
New Cash Law Will Be Disaster for Savers (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Laser breakthrough could send stock soaring 2,467% (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
New Cash Law Will Be Disaster for Savers (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Why do tech stocks go down when interest rates rise?
Pure Storage stock fumbles for a rare buying opportunity
Laser breakthrough could send stock soaring 2,467% (Ad)
Snowflake’s bullish tailwind is turning into a gale-force wind
2 energy drink makers to wake up your portfolio
New Cash Law Will Be Disaster for Savers (Ad)
Doing Your Holiday Shopping? These Stocks Might Make Great Gifts
Bitcoin has surpassed $41,000 for the first time since April 2022. What's behind the price surge?

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

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
1.00mentions of AltaGas in the last 14 days
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


ALA stock logo

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

ALA Stock News Headlines

Should You Buy AltaGas Stock for its 4.1% Dividend Yield?
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Closing Bell: Altagas Ltd Pref A down on Monday (ALA-PR-A)
AltaGas Ltd ALA
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Closing Bell: Altagas Ltd Pref H up on Wednesday (ALA-PR-H)
Closing Bell: Altagas Ltd Pref H up on Tuesday (ALA-PR-H)
Closing Bell: Altagas Ltd Pref A up on Tuesday (ALA-PR-A)
ALTAGAS TO ISSUE THIRD QUARTER 2023 RESULTS
Closing Bell: Altagas Ltd Pref G up on Tuesday (ALA-PR-G)
Closing Bell: Altagas Ltd Pref G up on Friday (ALA-PR-G)
Closing Bell: Altagas Ltd Pref Ser E up on Monday (ALA-PR-E)
Closing Bell: Altagas Ltd Pref G up on Wednesday (ALA-PR-G)
Closing Bell: Altagas Ltd Pref G down on Tuesday (ALA-PR-G)
Closing Bell: Altagas Ltd Pref A flat on Tuesday (ALA-PR-A)
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

Industry, Sector and Symbol

Industry
Oil & Gas Midstream
Sub-Industry
N/A
Sector
Energy
CIK
N/A
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

Net Income
C$582 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$13.61 billion
Cash Flow
C$0.52 per share
Book Value
C$25.38 per share

Miscellaneous

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














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?
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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