TSE:ALA

AltaGas Stock Forecast, Price & News

C$25.33
+0.20 (+0.80 %)
(As of 06/11/2021 12:00 AM ET)
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Today's Range
C$25.09
C$25.44
50-Day Range
C$20.92
C$25.33
52-Week Range
C$14.68
C$25.44
Volume551,069 shs
Average Volume825,951 shs
Market CapitalizationC$7.01 billion
P/E Ratio19.77
Dividend Yield3.98%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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About AltaGas

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through two segments, Utilities and Midstream. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and two regulated natural gas storage utilities in the United States serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. It serves homes and businesses. The Midstream segment engages in the natural gas gathering and processing; natural gas liquids (NGL) extraction and fractionation, transmission, and storage; and natural gas and NGL marketing activities. This segment owns approximately 1.5 billion cubic feet per day of natural gas capacity. The company also holds interest in a regulated pipeline in the Marcellus/Utica gas formation in the northeastern United States; and engages in LPG exports and distribution, domestic terminals, wellsite fluids and fuels, and trucking and liquids handling businesses. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. Additionally, the company operates two natural gas-fired plants with 577 MW of generating capacity in California and Colorado; and energy storage assets in Alberta, Canada, as well as nine states and the district of Columbia in the United States. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

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MarketRank

Overall MarketRank

1.56 out of 5 stars

Analyst Opinion: 2.5Community Rank: 2.4Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -
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AltaGas (TSE:ALA) Frequently Asked Questions

Is AltaGas a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AltaGas stock.
View analyst ratings for AltaGas
or view top-rated stocks.

What stocks does MarketBeat like better than AltaGas?

Wall Street analysts have given AltaGas a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but AltaGas wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is AltaGas' next earnings date?

AltaGas is scheduled to release its next quarterly earnings announcement on Thursday, July 29th 2021.
View our earnings forecast for AltaGas
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) issued its quarterly earnings data on Thursday, April, 29th. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.93 by $0.36. The company earned $3.09 billion during the quarter, compared to the consensus estimate of $1.80 billion.
View AltaGas' earnings history
.

How has AltaGas' stock been impacted by Coronavirus (COVID-19)?

AltaGas' stock was trading at C$15.65 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ALA stock has increased by 61.9% and is now trading at C$25.33.
View which stocks have been most impacted by COVID-19
.

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

AltaGas declared a monthly dividend on Thursday, June 10th. Stockholders of record on Friday, June 25th will be paid a dividend of 0.083 per share on Thursday, July 15th. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, June 24th.
View AltaGas' dividend history
.

Is AltaGas a good dividend stock?

AltaGas pays an annual dividend of C$0.97 per share and currently has a dividend yield of 3.98%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of AltaGas is 75.97%. Payout ratios above 75% are not desirable because they may not be sustainable.
View AltaGas' dividend history.

What price target have analysts set for ALA?

12 equities research analysts have issued 1 year price objectives for AltaGas' stock. Their forecasts range from C$22.00 to C$27.00. On average, they anticipate AltaGas' stock price to reach C$25.43 in the next twelve months. This suggests a possible upside of 0.4% from the stock's current price.
View analysts' price targets for AltaGas
or view top-rated stocks among Wall Street analysts.

Who are AltaGas' key executives?

AltaGas' management team includes the following people:
  • Mr. Randall L. Crawford, Pres, CEO & Non-Independent Director (Age 58, Pay $3.34M)
  • Mr. D. James Harbilas B.Com., C.A., CPA, CA, Exec. VP & CFO (Age 51, Pay $1.25M)
  • Ms. Corine Renne Knight Bushfield, Exec. VP & Chief Admin. Officer (Age 46, Pay $950.1k)
  • Mr. Bradley B. Grant Esq., B.Comm, LLB, MBA, Exec. VP & Chief Legal Officer
  • Mr. Donald M. Jenkins B.Sc., M.B.A., Exec. VP, Pres of Utilities, WGL & Washington Gas (Age 48, Pay $2.24M)
  • Mr. Jon Morrison, Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Kent E. Stout, Sr. VP of Organizational Devel.
  • Mr. Randy W. Toone B.Sc., P.Eng, Exec. VP & Pres of Midstream
  • Mr. Joy Sumanan Thakur, Sr. VP of Commercial & Bus. Operations
  • Mr. James Shelford, Sr. VP of Commercial (Age 37)

Who are some of AltaGas' key competitors?

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 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$25.33.

How much money does AltaGas make?

AltaGas has a market capitalization of C$7.01 billion and generates C$6.80 billion in revenue each year.

How many employees does AltaGas have?

AltaGas employs 2,984 workers across the globe.

What is AltaGas' official website?

The official website for AltaGas is www.altagas.ca.

Where are AltaGas' headquarters?

AltaGas is headquartered at 1700-355 4 Ave SW, CALGARY, AB T2P 0J1, Canada.

How can I contact AltaGas?

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


This page was last updated on 6/12/2021 by MarketBeat.com Staff
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