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High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
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After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Biden's latest bailout--terrible for America? (Ad)
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Hollywood's writers strike is on the verge of ending. What happens next?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Biden's latest bailout--terrible for America? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Hollywood's writers strike is on the verge of ending. What happens next?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Biden's latest bailout--terrible for America? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Hollywood's writers strike is on the verge of ending. What happens next?
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Biden's latest bailout--terrible for America? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
Biden's latest bailout--terrible for America? (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Is NVIDIA Leading a "Magnificent Seven Bubble"? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Hollywood's writers strike is on the verge of ending. What happens next?
TSE:ALA

AltaGas (ALA) Stock Forecast, Price & News

C$27.02
+0.49 (+1.85%)
(As of 09/22/2023 ET)
Compare
Today's Range
C$26.49
C$27.09
50-Day Range
C$24.14
C$27.25
52-Week Range
C$21.25
C$28.52
Volume
519,047 shs
Average Volume
806,182 shs
Market Capitalization
C$7.61 billion
P/E Ratio
13.12
Dividend Yield
4.03%
Price Target
C$32.15

AltaGas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
19.0% Upside
C$32.15 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.40mentions of AltaGas in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$136,300 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.

2.20 out of 5 stars


ALA stock logo

About AltaGas (TSE:ALA) Stock

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 Price History

ALA Stock News Headlines

Closing Bell: Altagas Ltd Pref G up on Wednesday (ALA-PR-G)
Closing Bell: Altagas Ltd Pref G down on Tuesday (ALA-PR-G)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
AltaGas (TSE:ALA) Given a C$31.00 Price Target at Scotiabank
Closing Bell: Altagas Ltd Pref A flat on Tuesday (ALA-PR-A)
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There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Closing Bell: Altagas Ltd Pref H flat on Monday (ALA-PR-H)
Altagas Ltd Pref G (ALA_pg)
Closing Bell: Altagas Ltd flat on Thursday (ALA)
Closing Bell: Altagas Ltd Pref H flat on Friday (ALA-PR-H)
Closing Bell: Altagas Ltd up on Monday (ALA)
Closing Bell: Altagas Ltd flat on Tuesday (ALA)
ALTAGAS REPORTS SECOND QUARTER 2023 RESULTS
AltaGas Ltd. (TSE:ALA) Has A ROE Of 8.0%
See More Headlines
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ALA Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2023
Dividend Payable
6/30/2023
Last Earnings
7/28/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/24/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
10/27/2023

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 Forecast
C$32.15
High Stock Price Forecast
C$36.00
Low Stock Price Forecast
C$28.00
Forecasted Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
C$584 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$13.63 billion
Cash Flow
C$0.52 per share
Book Value
C$25.14 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.61 billion
Optionable
Not Optionable
Beta
1.29
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Key Executives

  • Mr. D. James Harbilas B.Com. (Age 53)
    C.A., CPA, CA, Exec. VP & CFO
    Comp: $1.14M
  • Ms. Corine Renne Knight Bushfield B.Comm (Age 48)
    CA, CPA, Exec. VP & Chief Admin. Officer
    Comp: $878.96k
  • Mr. Randy W. Toone B.Sc.
    P.Eng, Exec. VP & Pres of Midstream
  • Mr. Donald M. Jenkins B.Sc. (Age 50)
    M.B.A., Exec. VP and Pres of Utilities & Washington Gas Light Company
    Comp: $1.56M
  • Mr. Dai-Chung Yu (Age 56)
    Pres, CEO & Non-Independent Director
  • Mr. Jon Morrison
    Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Bradley B. Grant B.Comm
    Esq., LLB, MBA, Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Kent E. Stout
    Sr. VP of Organizational Devel.
  • Ms. Shaheen Amirali B.Sc.
    L.L.B., Exec. VP, Chief External Affairs & Sustainability Officer
  • David Anderson
    Sr. VP of Corp. Environmental Health & Safety













ALA Stock - Frequently Asked Questions

Should I buy or sell AltaGas stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALA shares.
View ALA analyst ratings
or view top-rated stocks.

What is AltaGas' stock price forecast for 2023?

10 analysts have issued twelve-month target prices for AltaGas' stock. Their ALA share price forecasts range from C$28.00 to C$36.00. On average, they expect the company's stock price to reach C$32.15 in the next twelve months. This suggests a possible upside of 19.0% 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 the year. Since then, ALA shares have increased by 15.6% and is now trading at C$27.02.
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 Friday, October 27th 2023.
View our ALA earnings forecast
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) posted its quarterly earnings data on Friday, July, 28th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.03. The company earned $2.63 billion during the quarter, compared to analysts' expectations of $3.27 billion. AltaGas had a net margin of 5.05% and a trailing twelve-month return on equity of 9.08%.

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

AltaGas declared a quarterly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be given a dividend of 0.28 per share on Friday, September 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for ALA
.

Is AltaGas a good dividend stock?

AltaGas (TSE:ALA) pays an annual dividend of C$1.09 per share and currently has a dividend yield of 4.02%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.91%. 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?
What is AltaGas' stock symbol?

AltaGas trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ALA."

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.

What is AltaGas' stock price today?

One share of ALA stock can currently be purchased for approximately C$27.02.

How much money does AltaGas make?

AltaGas (TSE:ALA) has a market capitalization of C$7.61 billion and generates C$13.63 billion in revenue each year. The company earns C$584 million in net income (profit) each year or C$2.06 on an earnings per share basis.

How many employees does AltaGas have?

The company employs 3,045 workers across the globe.

How can I contact AltaGas?

AltaGas' mailing address is 1700-355 4 Ave SW, CALGARY, AB T2P 0J1, Canada. The official website for the company is www.altagas.ca. The company can be reached via phone at +1-403-6917575.

This page (TSE:ALA) was last updated on 9/24/2023 by MarketBeat.com Staff

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