S&P 500   5,123.41 (-1.46%)
DOW   37,983.24 (-1.24%)
QQQ   438.27 (-1.59%)
AAPL   176.55 (+0.86%)
MSFT   421.90 (-1.41%)
META   511.90 (-2.15%)
GOOGL   157.73 (-1.05%)
AMZN   186.13 (-1.54%)
TSLA   171.05 (-2.03%)
NVDA   881.86 (-2.68%)
AMD   163.28 (-4.23%)
NIO   4.11 (-7.85%)
BABA   71.29 (-4.76%)
T   16.31 (-0.67%)
F   12.61 (-3.30%)
MU   122.52 (-3.91%)
GE   154.63 (-1.93%)
CGC   7.80 (-4.29%)
DIS   114.01 (-2.68%)
AMC   2.65 (-5.36%)
PFE   25.86 (-1.82%)
PYPL   64.59 (-1.84%)
XOM   120.37 (-1.17%)
S&P 500   5,123.41 (-1.46%)
DOW   37,983.24 (-1.24%)
QQQ   438.27 (-1.59%)
AAPL   176.55 (+0.86%)
MSFT   421.90 (-1.41%)
META   511.90 (-2.15%)
GOOGL   157.73 (-1.05%)
AMZN   186.13 (-1.54%)
TSLA   171.05 (-2.03%)
NVDA   881.86 (-2.68%)
AMD   163.28 (-4.23%)
NIO   4.11 (-7.85%)
BABA   71.29 (-4.76%)
T   16.31 (-0.67%)
F   12.61 (-3.30%)
MU   122.52 (-3.91%)
GE   154.63 (-1.93%)
CGC   7.80 (-4.29%)
DIS   114.01 (-2.68%)
AMC   2.65 (-5.36%)
PFE   25.86 (-1.82%)
PYPL   64.59 (-1.84%)
XOM   120.37 (-1.17%)
S&P 500   5,123.41 (-1.46%)
DOW   37,983.24 (-1.24%)
QQQ   438.27 (-1.59%)
AAPL   176.55 (+0.86%)
MSFT   421.90 (-1.41%)
META   511.90 (-2.15%)
GOOGL   157.73 (-1.05%)
AMZN   186.13 (-1.54%)
TSLA   171.05 (-2.03%)
NVDA   881.86 (-2.68%)
AMD   163.28 (-4.23%)
NIO   4.11 (-7.85%)
BABA   71.29 (-4.76%)
T   16.31 (-0.67%)
F   12.61 (-3.30%)
MU   122.52 (-3.91%)
GE   154.63 (-1.93%)
CGC   7.80 (-4.29%)
DIS   114.01 (-2.68%)
AMC   2.65 (-5.36%)
PFE   25.86 (-1.82%)
PYPL   64.59 (-1.84%)
XOM   120.37 (-1.17%)
S&P 500   5,123.41 (-1.46%)
DOW   37,983.24 (-1.24%)
QQQ   438.27 (-1.59%)
AAPL   176.55 (+0.86%)
MSFT   421.90 (-1.41%)
META   511.90 (-2.15%)
GOOGL   157.73 (-1.05%)
AMZN   186.13 (-1.54%)
TSLA   171.05 (-2.03%)
NVDA   881.86 (-2.68%)
AMD   163.28 (-4.23%)
NIO   4.11 (-7.85%)
BABA   71.29 (-4.76%)
T   16.31 (-0.67%)
F   12.61 (-3.30%)
MU   122.52 (-3.91%)
GE   154.63 (-1.93%)
CGC   7.80 (-4.29%)
DIS   114.01 (-2.68%)
AMC   2.65 (-5.36%)
PFE   25.86 (-1.82%)
PYPL   64.59 (-1.84%)
XOM   120.37 (-1.17%)
TSE:ALA

AltaGas (ALA) Stock Price, News & Analysis

C$29.28
+0.06 (+0.21%)
(As of 04:29 PM ET)
Today's Range
C$29.11
C$29.66
50-Day Range
C$27.10
C$29.92
52-Week Range
C$22.28
C$29.95
Volume
748,518 shs
Average Volume
806,103 shs
Market Capitalization
C$8.65 billion
P/E Ratio
12.96
Dividend Yield
4.06%
Price Target
C$33.75

AltaGas MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.5% Upside
C$33.75 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.32mentions of AltaGas in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
C$2.15 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.99 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 1.6 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.

ALA Stock Price History

ALA Stock News Headlines

Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
When Should You Buy AltaGas Ltd. (TSE:ALA)?
ALA:CA AltaGas Ltd.
Buy Alert: Get these AI trades on repeat
With this AI Trade Finder, one of my newer students took his trading account from $1,500 to over $9,400 in just over a month
ALTAGAS CLOSES $400 MILLION MEDIUM TERM NOTE OFFERING
Al Mada Ventures, the $110M fund for Africans by Africans
See More Headlines
Receive ALA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for AltaGas and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/08/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/12/2024
Next Earnings (Confirmed)
5/02/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas Midstream
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,045
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$33.75
High Stock Price Target
C$36.00
Low Stock Price Target
C$32.00
Potential Upside/Downside
+15.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
C$641 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$13 billion
Cash Flow
C$0.56 per share
Book Value
C$24.83 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.63 billion
Optionable
Not Optionable
Beta
1.22
12 Stocks Corporate Insiders are Abandoning Cover

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. D. James Harbilas B.Com. (Age 54)
    C.A., CPA, Executive VP & CFO
    Comp: $1.14M
  • Ms. Corine Renne Knight Bushfield B.Comm (Age 49)
    CA, CPA, Executive VP & Chief Administrative Officer
    Comp: $878.96k
  • Mr. Randy W. Toone B.Sc.
    P.Eng, Executive VP & President of Midstream
  • Mr. Jon Morrison
    Senior Vice President of Investor Relations & Corporate Development
  • Mr. Kent E. Stout
    Senior Vice President of Organizational Development
  • 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?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street 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?

8 analysts have issued twelve-month target prices for AltaGas' shares. Their ALA share price targets range from C$32.00 to C$36.00. On average, they predict the company's stock price to reach C$33.75 in the next twelve months. This suggests a possible upside of 15.5% 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 2024?

AltaGas' stock was trading at C$27.82 at the beginning of 2024. Since then, ALA shares have increased by 5.0% and is now trading at C$29.22.
View the best growth stocks for 2024 here
.

When is AltaGas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ALA earnings forecast
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) released its quarterly earnings data on Friday, March, 8th. The company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.75. The business earned $3.29 billion during the quarter, compared to analysts' expectations of $4.11 billion. AltaGas had a net margin of 5.18% and a trailing twelve-month return on equity of 8.90%.

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

AltaGas announced a quarterly dividend on Thursday, March 14th. Investors of record on Thursday, March 28th will be given a dividend of 0.298 per share on Thursday, March 28th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.28.
Read our dividend analysis for ALA
.

Is AltaGas a good dividend stock?

AltaGas (TSE:ALA) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 4.04%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.65%. 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 4/12/2024 by MarketBeat.com Staff

From Our Partners