About Altagas Ltd (TSE:ALA)
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp. The Power segment includes generation assets located across North America with over 2,000 megawatt (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal. The Utilities segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Oil & Gas Pipelines
- Sub-Industry: N/A
- Symbol: TSE:ALA
- CUSIP: N/A
- Web: www.altagas.ca
- Market Cap: C$4.85 billion
- Outstanding Shares: 171,582,000
- 50 Day Moving Avg: C$28.14
- 200 Day Moving Avg: C$29.40
- 52 Week Range: C$26.87 - C$35.55
Sales & Book Value:
- Trailing P/E Ratio: 43.84
- P/E Growth: 1.93
- Annual Revenue: C$2.49 billion
- Price / Sales: 1.95
- Book Value: C$20.25 per share
- Price / Book: 1.40
- EBITDA: C$711.4 million
- Net Margins: 1.84%
- Return on Equity: -0.93%
- Return on Assets: 0.39%
- Average Volume: 439,958 shs.
- Short Ratio: 8.32
Frequently Asked Questions for Altagas Ltd (TSE:ALA)
What is Altagas Ltd's stock symbol?
Altagas Ltd trades on the Tornton Stock Exchange (TSX) under the ticker symbol "ALA."
How often does Altagas Ltd pay dividends? What is the dividend yield for Altagas Ltd?
Altagas Ltd declared a monthly dividend on Monday, September 11th. Shareholders of record on Monday, September 25th will be paid a dividend of 0.175 per share on Monday, October 16th. This represents a $2.10 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Friday, September 22nd. View Altagas Ltd's Dividend History.
How were Altagas Ltd's earnings last quarter?
Altagas Ltd (TSE:ALA) announced its earnings results on Thursday, July, 27th. The company reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The firm had revenue of $539 million for the quarter, compared to analyst estimates of $633.11 million. Altagas Ltd had a net margin of 1.84% and a negative return on equity of 0.93%. View Altagas Ltd's Earnings History.
When will Altagas Ltd make its next earnings announcement?
Where is Altagas Ltd's stock going? Where will Altagas Ltd's stock price be in 2017?
13 brokerages have issued 1-year price targets for Altagas Ltd's shares. Their forecasts range from C$31.00 to C$39.00. On average, they expect Altagas Ltd's share price to reach C$35.11 in the next twelve months. View Analyst Ratings for Altagas Ltd.
Who are some of Altagas Ltd's key competitors?
Some companies that are related to Altagas Ltd include Inter Pipeline Ltd (IPL), Arkema SA (ARKAY), Mondi Plc (MNDI), Randgold Resources Limited (GOLD), Fibria Celulose S.A. (FBR), Johnson Matthey PLC (JMPLY), Silver Wheaton Corp (WPM), Steel Dynamics (STLD), CF Industries Holdings (CF), First Quantum Minerals (FQVLF), Turquoise Hill Resources Ltd (TRQ), Mosaic Company (The) (MOS), CI Financial Corp (CIX), Lundin Mining (LUN), Keyera Corp (KEY), Axalta Coating Systems Ltd (AXTA), Huntsman Corporation (HUN) and Randgold Resources Limited (RRS).
Who are Altagas Ltd's key executives?
Altagas Ltd's management team includes the folowing people:
- David W. Cornhill, Non-Independent Chairman of the Board
- David M. Harris, President, Chief Executive Officer
- Timothy William Watson, Chief Financial Officer, Executive Vice President
- John D. O'Brien Jr., President, Chief Operating Officer of AltaGas Services (U.S.) Inc.
- Corine R.K. Bushfield, Executive Vice President, Chief Administrative Officer
- John E. Lowe, Executive Vice President
- Randy W. Toone, Executive Vice President - Commercial and Business Development
- Kent E. Stout, Senior Vice President - Organizational Development
- Brad B. Grant, Vice President, General Counsel
- M. Neil McCrank QC, Lead Independent Director
How do I buy Altagas Ltd stock?
Shares of Altagas Ltd and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Altagas Ltd's stock price today?
MarketBeat Community Rating for Altagas Ltd (TSE ALA)MarketBeat's community ratings are surveys of what our community members think about Altagas Ltd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Altagas Ltd stock can currently be purchased for approximately C$28.28.
Consensus Ratings for Altagas Ltd (TSE:ALA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.54)|
|Consensus Price Target: ||C$35.11|Consensus Price Target History for Altagas Ltd (TSE:ALA)
Analysts' Ratings History for Altagas Ltd (TSE:ALA)
(Data available from 10/19/2015 forward)
|9/21/2017||Beacon Securities||Reiterated Rating||Buy|
|7/28/2017||BMO Capital Markets||Set Price Target||Market Perform||C$32.00|
|7/28/2017||Royal Bank Of Canada||Lower Price Target||Sector Perform||C$35.00 -> C$33.00|
|7/25/2017||Canaccord Genuity||Lower Price Target||Hold||C$33.00 -> C$31.00|
|4/27/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform||C$32.00|
|2/10/2017||Macquarie||Upgrade||Neutral -> Outperform|
|2/3/2017||AltaCorp Capital||Reiterated Rating||Sector Perform|
|2/6/2017||CIBC||Boost Price Target||C$37.00 -> C$39.00|
|2/6/2017||National Bank Financial||Reiterated Rating||Outperform||C$38.00|
|1/4/2017||TD Securities||Boost Price Target||Buy||C$36.00 -> C$37.00|
|10/21/2016||Desjardins||Upgrade||Hold -> Buy||C$34.00 -> C$38.00|
|10/21/2016||GMP Securities||Downgrade||Buy -> Hold|
|7/12/2016||FirstEnergy Capital||Reiterated Rating||Outperform|
Earnings History for Altagas Ltd (TSE:ALA)Earnings History by Quarter for Altagas Ltd (TSE ALA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||C$0.16||C$0.17||C$633.11 million||C$539.00 million||View||N/A|
|7/30/2015||Q2||C$0.09||C$0.06||C$671.00 million||C$416.00 million||View||Listen|
|7/31/2014||C$0.22||C$0.22||C$215.10 million||C$219.90 million||View||N/A|
|5/1/2014||C$0.59||C$0.60||C$286.20 million||C$296.50 million||View||N/A|
Earnings Estimates for Altagas Ltd (TSE:ALA)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Altagas Ltd (TSE ALA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Altagas Ltd (TSE:ALA)Insider Trades by Quarter for Altagas Ltd (TSE:ALA)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/8/2017||Kent Eugene Stout||Insider||Sell||1,000||C$31.60||C$31,600.00|
|5/2/2017||Kent Eugene Stout||Insider||Sell||1,000||C$30.50||C$30,500.00|
|3/17/2017||Shaun William Toivanen||Insider||Buy||500||C$29.85||C$14,925.00|
|3/16/2017||Peter Lauren Karl||Insider||Sell||2,200||C$30.83||C$67,826.00|
|3/9/2017||Phillip R Knoll||Director||Buy||1,000||C$29.75||C$29,750.00|
|3/2/2017||Allan Leslie Edgeworth||Director||Sell||1,100||C$31.12||C$34,232.00|
|2/27/2017||David French Mackie||Director||Buy||5,000||C$30.98||C$154,900.00|
|2/27/2017||Shaun William Toivanen||Insider||Buy||1,550||C$29.94||C$46,407.00|
|3/17/2016||Deborah Susan Stein||Insider||Sell||5,000||C$33.65||C$168,250.00|
|3/16/2016||Deborah Susan Stein||Insider||Sell||3,100||C$14.24||C$44,144.00|
|3/3/2016||Deborah Susan Stein||Insider||Sell||7,500||C$33.00||C$247,500.00|
|12/16/2015||Peter Lauren Karl||Insider||Sell||8,000||C$30.40||C$243,200.00|
|12/7/2015||Phillip R Knoll||Director||Buy||1,500||C$28.74||C$43,110.00|
|12/4/2015||Allan Leslie Edgeworth||Director||Sell||10,000||C$31.11||C$311,086.00|
|11/13/2015||Phillip R Knoll||Director||Buy||1,500||C$32.50||C$48,750.00|
|11/4/2015||David Wallace Cornhill||Director||Sell||90,100||C$34.35||C$3,094,935.00|
|8/12/2015||Timothy William Watson||Insider||Buy||2,400||C$34.35||C$82,431.12|
|3/13/2015||Allan Leslie Edgeworth||Director||Sell||4,600||C$40.45||C$186,070.00|
Headline Trends for Altagas Ltd (TSE:ALA)
Latest Headlines for Altagas Ltd (TSE:ALA)
Altagas Ltd (ALA) Chart for Thursday, October, 19, 2017