TSE:ALA AltaGas (ALA) Stock Forecast, Price & News C$27.02 +0.49 (+1.85%) (As of 09/22/2023 ET) Add Compare Share Share Today's RangeC$26.49▼C$27.0950-Day RangeC$24.14▼C$27.2552-Week RangeC$21.25▼C$28.52Volume519,047 shsAverage Volume806,182 shsMarket CapitalizationC$7.61 billionP/E Ratio13.12Dividend Yield4.03%Price TargetC$32.15 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media AltaGas MarketRank™ ForecastAnalyst RatingModerate Buy2.90 Rating ScoreUpside/Downside19.0% UpsideC$32.15 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment-0.40Based on 5 Articles This WeekInsider TradingSelling SharesC$136,300 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 3.5 Analyst's Opinion Consensus RatingAltaGas has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$32.15, AltaGas has a forecasted upside of 19.0% from its current price of C$27.02.Amount of Analyst CoverageAltaGas has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for ALA. Previous Next 2.5 Dividend Strength Dividend LeadershipAltaGas is a leading dividend payer. It pays a dividend yield of 4.02%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAltaGas does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of AltaGas is 52.91%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALA. Previous Next 1.4 News and Social Media Coverage News SentimentAltaGas has a news sentiment score of -0.40. 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 lower news sentiment than the 0.53 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 5 news articles for AltaGas this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows10 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is an increase of 233% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AltaGas insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$136,300.00 in company stock.Percentage Held by InsidersOnly 0.64% of the stock of AltaGas is held by insiders.Percentage Held by InstitutionsOnly 34.92% of the stock of AltaGas is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of AltaGas is 13.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.74.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 13.12, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 114.44.Price to Earnings Growth RatioDue to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.Price to Book Value per Share RatioAltaGas has a P/B Ratio of 1.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About AltaGas (TSE:ALA) StockAltaGas 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.Read More ALA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALA Stock News HeadlinesSeptember 20, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G up on Wednesday (ALA-PR-G)September 20, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G down on Tuesday (ALA-PR-G)September 24, 2023 | Chaikin Analytics (Ad)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.September 19, 2023 | americanbankingnews.comAltaGas (TSE:ALA) Given a C$31.00 Price Target at ScotiabankSeptember 8, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref A flat on Tuesday (ALA-PR-A)September 3, 2023 | msn.comAltaGas: Well-Deserved Outperformance, But Relative Valuation Becomes Less Appealing (Rating Downgrade)September 2, 2023 | reuters.comCanada's AltaGas to buy natural gas assets from Tidewater for C$650 millionAugust 31, 2023 | reuters.comCanada's AltaGas to buy natural gas assets from Tidewater for C$650 mlnSeptember 24, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere'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.August 31, 2023 | reuters.comCanada's Altagas to buy natural gas assets from Tidewater for $650 mlnAugust 31, 2023 | theglobeandmail.comAltagas to buy natural gas assets from Tidewater for US$650-millionAugust 30, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H flat on Monday (ALA-PR-H)August 25, 2023 | investing.comAltagas Ltd Pref G (ALA_pg)August 25, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H down on Wednesday (ALA-PR-H)August 24, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd flat on Thursday (ALA)August 24, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H down on Tuesday (ALA-PR-H)August 21, 2023 | theglobeandmail.comAltaGas: Top 25 Undervalued Toronto Stock Exchange Stocks (ALA)August 17, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H flat on Tuesday (ALA-PR-H)August 15, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H flat on Friday (ALA-PR-H)August 15, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd up on Monday (ALA)August 8, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref Ser B up on Tuesday (ALA-PR-B)August 1, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd flat on Tuesday (ALA)July 28, 2023 | finance.yahoo.comALTAGAS REPORTS SECOND QUARTER 2023 RESULTSJuly 25, 2023 | theglobeandmail.com‘Momentum builds for Canadian banks,’ but not for long : Scotiabank analysts and strategistsJuly 19, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref Ser E up on Tuesday (ALA-PR-E)July 4, 2023 | finance.yahoo.comAltaGas Ltd. (TSE:ALA) Has A ROE Of 8.0%June 13, 2023 | finance.yahoo.comInvesting in AltaGas (TSE:ALA) three years ago would have delivered you a 81% gainSee 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. Email Address ALA Company Calendar Ex-Dividend for 6/30 Dividend6/15/2023Dividend Payable6/30/2023Last Earnings7/28/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/24/2023Dividend Payable9/29/2023Next Earnings (Estimated)10/27/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas Midstream Sub-IndustryN/A SectorEnergy Current SymbolTSE:ALA CUSIPN/A CIKN/A Webwww.altagas.ca Phone+1-403-6917575FaxN/AEmployees3,045Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$32.15 High Stock Price ForecastC$36.00 Low Stock Price ForecastC$28.00 Forecasted Upside/Downside+19.0%Consensus RatingModerate Buy Rating Score (0-4)2.90 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.06 Trailing P/E Ratio13.12 Forward P/E Ratio12.99 P/E Growth-4.97Net IncomeC$584 million Net Margins5.05% Pretax MarginN/A Return on Equity9.08% Return on Assets2.74% Debt Debt-to-Equity Ratio110.58 Current Ratio1.00 Quick Ratio0.44 Sales & Book Value Annual SalesC$13.63 billion Price / Sales0.56 Cash FlowC$0.52 per share Price / Cash Flow52.24 Book ValueC$25.14 per share Price / Book1.07Miscellaneous Outstanding Shares281,720,000Free FloatN/AMarket CapC$7.61 billion OptionableNot Optionable Beta1.29 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. D. James Harbilas B.Com. (Age 53)C.A., CPA, CA, Exec. VP & CFO Comp: $1.14MMs. Corine Renne Knight Bushfield B.Comm (Age 48)CA, CPA, Exec. VP & Chief Admin. Officer Comp: $878.96kMr. Randy W. Toone B.Sc.P.Eng, Exec. VP & Pres of MidstreamMr. Donald M. Jenkins B.Sc. (Age 50)M.B.A., Exec. VP and Pres of Utilities & Washington Gas Light Company Comp: $1.56MMr. Dai-Chung Yu (Age 56)Pres, CEO & Non-Independent Director Mr. Jon MorrisonSr. VP of Investor Relations & Corp. Devel.Mr. Bradley B. Grant B.CommEsq., LLB, MBA, Exec. VP, Chief Legal Officer & Corp. Sec.Mr. Kent E. StoutSr. VP of Organizational Devel.Ms. Shaheen Amirali B.Sc.L.L.B., Exec. VP, Chief External Affairs & Sustainability OfficerDavid AndersonSr. VP of Corp. Environmental Health & SafetyMore ExecutivesKey CompetitorsKeyeraTSE:KEYTopaz EnergyTSE:TPZGibson EnergyTSE:GEIPembina PipelineTSE:PPLMEG EnergyTSE:MEGView All CompetitorsInsidersBertram Grant BradleySold 5,000 sharesTotal: C$136,300.00 ($27.26/share)David Wallace CornhillBought 5,000 shares on 12/20/2022Total: C$113,500.00 ($22.70/share)David Wallace CornhillBought 2,000 shares on 12/15/2022Total: C$46,748.00 ($23.37/share)Randy Warren TooneSold 54,000 sharesTotal: C$1.21 M ($22.49/share)View All Insider Transactions 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? Based on aggregate information from My MarketBeat watchlists, some companies that other AltaGas investors own include Enbridge (ENB), Inter Pipeline (IPL), Algonquin Power & Utilities (AQN), Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL), BCE (BCE), Bank of Nova Scotia (BNS), Whitecap Resources (WCP) and Vermilion Energy (VET). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AltaGas Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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