Altagas Ltd Company Profile (TSE:ALA)

About Altagas Ltd (TSE:ALA)

Altagas Ltd logoAltaGas 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
Capitalization:
  • Market Cap: C$4.85 billion
  • Outstanding Shares: 171,582,000
Average Prices:
  • 50 Day Moving Avg: C$28.14
  • 200 Day Moving Avg: C$29.40
  • 52 Week Range: C$26.87 - C$35.55
P/E:
  • Trailing P/E Ratio: 43.84
  • P/E Growth: 1.93
Sales & Book Value:
  • Annual Revenue: C$2.49 billion
  • Price / Sales: 1.95
  • Book Value: C$20.25 per share
  • Price / Book: 1.40
Dividend:
  • Dividend Yield: 7.4%
Profitability:
  • EBITDA: C$711.4 million
  • Net Margins: 1.84%
  • Return on Equity: -0.93%
  • Return on Assets: 0.39%
Misc:
  • 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?

Altagas Ltd is scheduled to release their next quarterly earnings announcement on Thursday, October, 19th 2017. View Earnings Estimates for Altagas Ltd.

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?

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?

One share of Altagas Ltd stock can currently be purchased for approximately C$28.28.


MarketBeat Community Rating for Altagas Ltd (TSE ALA)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  221 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  506
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.

Analyst Ratings

Consensus Ratings for Altagas Ltd (TSE:ALA) (How are Consensus Ratings Calculated?)
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)
Price Target History for Altagas Ltd (TSE:ALA)
Analysts' Ratings History for Altagas Ltd (TSE:ALA)
Show:
DateFirmActionRatingPrice TargetDetails
9/21/2017Beacon SecuritiesReiterated RatingBuyView Rating Details
7/28/2017BMO Capital MarketsSet Price TargetMarket PerformC$32.00View Rating Details
7/28/2017Royal Bank Of CanadaLower Price TargetSector PerformC$35.00 -> C$33.00View Rating Details
7/25/2017Canaccord GenuityLower Price TargetHoldC$33.00 -> C$31.00View Rating Details
4/27/2017ScotiabankReiterated RatingOutperformC$36.00View Rating Details
4/27/2017Raymond James Financial, Inc.Reiterated RatingMarket PerformC$32.00View Rating Details
2/10/2017MacquarieUpgradeNeutral -> OutperformView Rating Details
2/3/2017AltaCorp CapitalReiterated RatingSector PerformView Rating Details
2/6/2017CIBCBoost Price TargetC$37.00 -> C$39.00View Rating Details
2/6/2017National Bank FinancialReiterated RatingOutperformC$38.00View Rating Details
1/4/2017TD SecuritiesBoost Price TargetBuyC$36.00 -> C$37.00View Rating Details
10/21/2016DesjardinsUpgradeHold -> BuyC$34.00 -> C$38.00View Rating Details
10/21/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details
7/12/2016FirstEnergy CapitalReiterated RatingOutperformView Rating Details
(Data available from 10/19/2015 forward)

Earnings

Earnings History for Altagas Ltd (TSE:ALA)
Earnings by Quarter for Altagas Ltd (TSE:ALA)
Earnings History by Quarter for Altagas Ltd (TSE ALA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/19/2017C$0.11N/AView Earnings Details
7/27/2017Q2 2017C$0.16C$0.17C$633.11 millionC$539.00 millionViewN/AView Earnings Details
7/30/2015Q2C$0.09C$0.06C$671.00 millionC$416.00 millionViewListenView Earnings Details
7/31/2014C$0.22C$0.22C$215.10 millionC$219.90 millionViewN/AView Earnings Details
5/1/2014C$0.59C$0.60C$286.20 millionC$296.50 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Altagas Ltd (TSE:ALA)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.18$0.18$0.18
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Altagas Ltd (TSE ALA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/11/2017Monthly$0.187.63%9/22/20179/25/201710/16/2017
7/28/2017Monthly$0.187.31%8/23/20178/25/20179/15/2017
7/10/2017Monthly$0.187.12%7/21/20177/25/20178/15/2017
6/23/2015Monthly$0.165.01%6/23/20157/15/20157/15/2015
5/21/2015Monthly$0.164.69%5/21/20156/15/20156/15/2015
4/23/2015Monthly$0.154.26%4/23/20155/15/20155/15/2015
3/23/2015Monthly$0.154.13%3/23/20154/15/20154/15/2015
2/23/2015Monthly$0.153.83%2/23/20153/16/20153/16/2015
1/22/2015Monthly$0.154.56%1/22/20152/17/20152/17/2015
12/10/2014dec 14$0.154.78%12/23/201412/29/20141/15/2015
10/30/2014nov 14$0.153.79%11/21/201411/25/201412/15/2014
10/10/2014oct 14$0.153.97%10/23/201410/27/201411/17/2014
9/23/2014Monthly$0.153.46%9/23/201410/15/201410/15/2014
8/21/2014Monthly$0.153.59%8/21/20149/15/20149/15/2014
7/10/2014jul 14$0.153.63%7/23/20147/25/20148/15/2014
6/10/2014jun 14$0.153.61%6/23/20146/25/20147/15/2014
5/1/2014may 14$0.153.6%5/22/20145/26/20146/16/2014
4/10/2014apr 14$0.133.29%4/23/20144/25/20145/15/2014
3/21/2014Monthly$0.133.49%3/21/20144/15/20144/15/2014
2/10/2014$0.122/21/20142/25/20143/17/2014
2/10/2014feb 14$0.133.69%2/21/20142/25/20143/17/2014
1/10/2014$0.121/23/20141/27/20142/18/2014
1/10/2014jan 14$0.133.76%1/23/20141/27/20142/18/2014
12/10/2013dec 13$0.133.87%12/23/201312/27/20131/15/2014
10/10/2013oct 13$0.1310/23/201310/25/201311/15/2013
9/10/2013sep 13$0.139/23/20139/25/201310/15/2013
8/1/2013aug 13$0.138/22/20138/26/20139/16/2013
7/10/2013jul 13$0.137/23/20137/25/20138/15/2013
6/10/2013jun 13$0.136/21/20136/25/20137/15/2013
4/10/2013apr 13$0.124/23/20134/25/20135/15/2013
2/28/2013mar 13$0.123/21/20133/25/20134/15/2013
2/11/2013feb 13$0.122/21/20132/25/20133/15/2013
1/10/2013jan 13$0.121/23/20131/25/20132/15/2013
12/10/2012dec 12$0.1212/21/201212/27/20121/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Altagas Ltd (TSE:ALA)
Insider Trades by Quarter for Altagas Ltd (TSE:ALA)
Insider Trades by Quarter for Altagas Ltd (TSE:ALA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/8/2017Kent Eugene StoutInsiderSell1,000C$31.60C$31,600.00
5/2/2017Kent Eugene StoutInsiderSell1,000C$30.50C$30,500.00
3/17/2017Shaun William ToivanenInsiderBuy500C$29.85C$14,925.00
3/16/2017Peter Lauren KarlInsiderSell2,200C$30.83C$67,826.00
3/9/2017Phillip R KnollDirectorBuy1,000C$29.75C$29,750.00
3/2/2017Allan Leslie EdgeworthDirectorSell1,100C$31.12C$34,232.00
2/27/2017David French MackieDirectorBuy5,000C$30.98C$154,900.00
2/27/2017Shaun William ToivanenInsiderBuy1,550C$29.94C$46,407.00
3/17/2016Deborah Susan SteinInsiderSell5,000C$33.65C$168,250.00
3/16/2016Deborah Susan SteinInsiderSell3,100C$14.24C$44,144.00
3/3/2016Deborah Susan SteinInsiderSell7,500C$33.00C$247,500.00
12/16/2015Peter Lauren KarlInsiderSell8,000C$30.40C$243,200.00
12/7/2015Phillip R KnollDirectorBuy1,500C$28.74C$43,110.00
12/4/2015Allan Leslie EdgeworthDirectorSell10,000C$31.11C$311,086.00
11/13/2015Phillip R KnollDirectorBuy1,500C$32.50C$48,750.00
11/4/2015David Wallace CornhillDirectorSell90,100C$34.35C$3,094,935.00
8/12/2015Timothy William WatsonInsiderBuy2,400C$34.35C$82,431.12
3/13/2015Allan Leslie EdgeworthDirectorSell4,600C$40.45C$186,070.00
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Altagas Ltd (TSE:ALA)
Latest Headlines for Altagas Ltd (TSE:ALA)
Source:
DateHeadline
americanbankingnews.com logoBeacon Securities Weighs in on Altagas Ltd's FY2018 Earnings (ALA)
www.americanbankingnews.com - October 18 at 1:10 PM
americanbankingnews.com logoNational Bank Financial Comments on Altagas Ltd's Q3 2017 Earnings (ALA)
www.americanbankingnews.com - October 18 at 8:00 AM
fool.ca logoHow Much Growth Is Needed for You to Have a Carefree Retirement?
www.fool.ca - October 17 at 4:35 PM
finance.yahoo.com logoETFs with exposure to AltaGas Ltd. : October 17, 2017
finance.yahoo.com - October 17 at 4:35 PM
fool.ca logoAltagas Ltd. vs. Alaris Royalty Corp.: Which 1 Is a Better High-Yield ... - The Motley Fool Canada
www.fool.ca - October 17 at 2:38 AM
fool.ca logo3 Unknown High-Yield Growth Stocks That Could Take Off - The Motley Fool Canada
www.fool.ca - October 15 at 8:34 PM
fool.ca logo3 Unknown High-Yield Growth Stocks That Could Take Off - The Motley Fool Canada
www.fool.ca - October 15 at 3:32 PM
fool.ca logoRetirement Income: 5 Monthly Dividend Stocks to Pay Your Bills
www.fool.ca - October 14 at 3:35 PM
fool.ca logo3 Stocks With Dividends Yielding More Than 7% to Buy - The Motley Fool Canada
www.fool.ca - October 13 at 3:38 PM
baystreet.ca logoIs Altagas’ 7.4% Yield Worth the Risk?
www.baystreet.ca - October 12 at 4:31 PM
americanbankingnews.com logoAltagas Ltd (ALA) to Release Earnings on Thursday
www.americanbankingnews.com - October 12 at 1:44 AM
finance.yahoo.com logoAltaGas Ltd. Announces Monthly Dividend
finance.yahoo.com - October 10 at 5:07 PM
fool.ca logoTFSA Investors: 5 Oversold Income Stocks That Could Take Off
www.fool.ca - October 9 at 4:47 PM
fool.ca logoTFSA Investors: 2 Unloved Canadian Stocks That Could Soar - The Motley Fool Canada
www.fool.ca - October 6 at 4:00 PM
finance.yahoo.com logoResearch Initiated on Energy Stocks, Inter Pipeline, AltaGas, Keyera, and Gibson Energy
finance.yahoo.com - October 6 at 3:59 PM
fool.ca logoShould You Go With Value Investing or Growth Investing?
www.fool.ca - October 5 at 1:08 PM
marketwatch.com logoAltaGas Ltd. Closes Aggregate $450 Million Medium-Term Note Offerings - MarketWatch
www.marketwatch.com - October 4 at 2:44 PM
finance.yahoo.com logoAltaGas Ltd. Closes Aggregate $450 Million Medium-Term Note Offerings
finance.yahoo.com - October 4 at 2:43 PM
americanbankingnews.com logoAltagas Ltd (ALA) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - October 4 at 12:48 PM
fool.ca logo2 Rising Dividend Stocks That Still Look Cheap - The Motley Fool Canada
www.fool.ca - October 3 at 3:26 PM
marketwatch.com logoAltaGas Ltd. Announces Aggregate $450 Million Medium-Term Note Offerings - MarketWatch
www.marketwatch.com - October 2 at 8:35 PM
finance.yahoo.com logoAltaGas Ltd. Announces Aggregate $450 Million Medium-Term Note Offerings
finance.yahoo.com - October 2 at 8:35 PM
fool.ca logo3 Stocks With Safe 7% Yields - The Motley Fool Canada
www.fool.ca - September 28 at 1:10 AM
americanbankingnews.com logoAltagas Ltd (ALA) Stock Rating Reaffirmed by Beacon Securities
www.americanbankingnews.com - September 26 at 6:40 AM
fool.ca logo3 Dividend Stocks to Target as Oil Recovers - The Motley Fool Canada
www.fool.ca - September 22 at 2:48 PM
finance.yahoo.com logoAltaGas Ltd. breached its 50 day moving average in a Bullish Manner : ALA-CA : September 22, 2017
finance.yahoo.com - September 22 at 2:48 PM
finance.yahoo.com logoAltaGas Ltd. Announces Conversion Results for Series C Preferred Shares
finance.yahoo.com - September 20 at 8:38 PM
fool.ca logoNew Investors: Use DRIPs to Compound Your Earnings - The Motley Fool Canada
www.fool.ca - September 20 at 3:35 PM
fool.ca logo2 Oversold Dividend Stocks Yielding 7% - The Motley Fool Canada
www.fool.ca - September 19 at 3:44 PM
fool.ca logoMonthly Income: 2 Dividend Stocks Yielding up to 8%
www.fool.ca - September 18 at 4:08 PM
fool.ca logoAltagas Ltd.: A High-Yielding Dividend-Paying Stock for Your TFSA
www.fool.ca - September 15 at 4:00 PM
finance.yahoo.com logoIs It The Right Time To Buy AltaGas Ltd (TSX:ALA)?
finance.yahoo.com - September 14 at 4:15 PM
fool.ca logo2 High-Yield Canadian Stocks for Your Watch List - The Motley Fool Canada
www.fool.ca - September 13 at 4:49 PM
benzinga.com logoAltaGas Ltd. Announces Revision to Ex-Dividend Date - Benzinga
www.benzinga.com - September 12 at 9:00 PM
finance.yahoo.com logoAltaGas Ltd. Announces Revision to Ex-Dividend Date
finance.yahoo.com - September 12 at 9:00 PM
nasdaq.com logoCash Dividend On The Way From AltaGas Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A
www.nasdaq.com - September 12 at 3:56 PM
americanbankingnews.com logoAltagas Ltd (ALA) Plans $0.18 Monthly Dividend
www.americanbankingnews.com - September 12 at 9:28 AM
benzinga.com logoAltaGas Ltd. Announces Monthly Dividend | Benzinga - Benzinga
www.benzinga.com - September 11 at 9:35 PM
americanbankingnews.com logoAltagas Ltd (ALA) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - September 9 at 11:46 AM
fool.ca logo3 Canadian Income Stocks Yielding 6.5-8% - The Motley Fool Canada
www.fool.ca - September 7 at 3:38 PM
fool.ca logoAre Altagas Ltd.'s Subscription Receipts a GIC With a Pleasant Twist? - The Motley Fool Canada
www.fool.ca - September 4 at 4:19 PM
fool.ca logo2 Big-Dividend Stocks at Excellent Discounts - The Motley Fool Canada
www.fool.ca - September 1 at 9:19 PM
fool.ca logoRetirees: 3 High-Yield Canadian Stocks for Your TFSA Today - The Motley Fool Canada
www.fool.ca - August 31 at 3:33 PM
marketwatch.com logoAltaGas Ltd. Provides Notice of Series C Shares Conversion Right and Announces Reset Dividend Rates - MarketWatch
www.marketwatch.com - August 31 at 3:33 PM
finance.yahoo.com logoAltaGas Ltd. Provides Notice of Series C Shares Conversion Right and Announces Reset Dividend Rates
finance.yahoo.com - August 31 at 3:33 PM
fool.ca logoInvestors: Beware of Stocks That Hold Too Much Debt - The Motley Fool Canada
www.fool.ca - August 30 at 4:25 PM
seekingalpha.com logoWhat Will It Take For Altagas Stock To Go Higher? - Seeking Alpha
seekingalpha.com - August 29 at 4:03 PM
fool.ca logoTFSA Investors: 2 Unloved Dividend-Growth Stocks Yielding 7% Today - The Motley Fool Canada
www.fool.ca - August 24 at 3:45 PM
finance.yahoo.com logoAltaGas Ltd. : ALA-CA: Dividend Analysis : August 25th, 2017 (record date) : By the numbers : August 23, 2017
finance.yahoo.com - August 23 at 3:43 PM
fool.ca logo2 High-Yield Dividend Stocks Offering up to 8%
www.fool.ca - August 22 at 4:29 PM

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Chart

Altagas Ltd (ALA) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by MarketBeat.com Staff

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