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S&P 500   4,975.51
DOW   38,563.80
QQQ   427.32
Higher VIX just made Realty Income’s 6% dividend better
Is Gold Really Boring? (Ad)
Super Micro Computer: Overbought, undervalued or mispriced?
Booking stock is the discounted growth story in travel stocks
Is Gold Really Boring? (Ad)
3 E-VTOL stocks: Which ones can fly higher in 2024?
Capital One's bid for Discover carries expectation that Americans won't slow credit card use
An Unusual Way to Invest in Gold (Ad)
Walmart’s uptrend is intact; buy it when it dips
Does Datadog have huge potential?
S&P 500   4,975.51
DOW   38,563.80
QQQ   427.32
Higher VIX just made Realty Income’s 6% dividend better
Is Gold Really Boring? (Ad)
Super Micro Computer: Overbought, undervalued or mispriced?
Booking stock is the discounted growth story in travel stocks
Is Gold Really Boring? (Ad)
3 E-VTOL stocks: Which ones can fly higher in 2024?
Capital One's bid for Discover carries expectation that Americans won't slow credit card use
An Unusual Way to Invest in Gold (Ad)
Walmart’s uptrend is intact; buy it when it dips
Does Datadog have huge potential?
S&P 500   4,975.51
DOW   38,563.80
QQQ   427.32
Higher VIX just made Realty Income’s 6% dividend better
Is Gold Really Boring? (Ad)
Super Micro Computer: Overbought, undervalued or mispriced?
Booking stock is the discounted growth story in travel stocks
Is Gold Really Boring? (Ad)
3 E-VTOL stocks: Which ones can fly higher in 2024?
Capital One's bid for Discover carries expectation that Americans won't slow credit card use
An Unusual Way to Invest in Gold (Ad)
Walmart’s uptrend is intact; buy it when it dips
Does Datadog have huge potential?
TSE:ALA

AltaGas (ALA) Stock Price, News & Analysis

C$28.48
+0.23 (+0.81%)
(As of 02/20/2024 ET)
Today's Range
C$28.08
C$28.60
50-Day Range
C$27.08
C$28.72
52-Week Range
C$21.25
C$28.86
Volume
698,231 shs
Average Volume
610,976 shs
Market Capitalization
C$8.38 billion
P/E Ratio
13.89
Dividend Yield
4.18%
Price Target
C$33.14

AltaGas MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.3% Upside
C$33.14 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of AltaGas in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$2.35 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.

2.79 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

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ALTAGAS CLOSES $400 MILLION MEDIUM TERM NOTE OFFERING
Al Mada Ventures, the $110M fund for Africans by Africans
AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.2975
ALA.PR.A:CA AltaGas Ltd. PFD SER A
AltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.28
Should You Buy AltaGas Stock for its 4.1% Dividend Yield?
Closing Bell: Altagas Ltd Pref A down on Monday (ALA-PR-A)
See More Headlines
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Company Calendar

Last Earnings
7/27/2017
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Today
2/21/2024
Next Earnings (Confirmed)
3/08/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024

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$33.14
High Stock Price Target
C$36.00
Low Stock Price Target
C$28.00
Potential Upside/Downside
+16.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
C$582 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$13.61 billion
Cash Flow
C$0.55 per share
Book Value
C$25.38 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.38 billion
Optionable
Not Optionable
Beta
1.27
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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. Donald M. Jenkins B.Sc. (Age 51)
    M.B.A., Executive VP and President of Utilities & Washington Gas Light Company
    Comp: $1.56M
  • Mr. Vern D. Yu (Age 57)
    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?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued twelve-month target prices for AltaGas' stock. Their ALA share price targets range from C$28.00 to C$36.00. On average, they anticipate the company's share price to reach C$33.14 in the next twelve months. This suggests a possible upside of 16.3% 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 start of the year. Since then, ALA shares have increased by 2.4% and is now trading at C$28.48.
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 Friday, March 8th 2024.
View our ALA earnings forecast
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The firm earned $539 million during the quarter, compared to analyst estimates of $633.11 million. 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 declared a quarterly dividend on Tuesday, December 5th. Stockholders of record on Friday, March 15th will be given a dividend of 0.298 per share on Friday, March 29th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost 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 4.27%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 58.05%. 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 2/21/2024 by MarketBeat.com Staff