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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
TSE:ALA

AltaGas Stock Forecast, Price & News

C$26.96
-0.20 (-0.74%)
(As of 07/4/2022 12:00 AM ET)
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Compare
Today's Range
C$26.90
C$27.36
50-Day Range
C$25.18
C$30.54
52-Week Range
C$24.16
C$31.16
Volume
391,500 shs
Average Volume
869,183 shs
Market Capitalization
C$7.57 billion
P/E Ratio
30.64
Dividend Yield
3.90%
Price Target
C$33.69

AltaGas MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
25.0% Upside
C$33.69 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of AltaGas in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$5.78 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.01 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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AltaGas 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 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 578 MW of power in California and Colorado. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

ALA Stock News Headlines

ALTAGAS TO ISSUE SECOND QUARTER 2022 RESULTS
Altagas Ltd stock raised on Monday.
AltaGas Ltd. (TSE:ALA) Raises Dividend to $0.27 Per Share
TSX Keeps Momentum Going - Baystreet.ca
See More Headlines

Industry, Sector and Symbol

Industry
Oil & Gas Pipelines
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,926
Year Founded
N/A

Company Calendar

Last Earnings
4/28/2022
Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Today
7/04/2022
Next Earnings (Confirmed)
7/28/2022

Price Target and Rating

Average Stock Price Forecast
C$33.69
High Stock Price Forecast
C$36.00
Low Stock Price Forecast
C$29.00
Forecasted Upside/Downside
+25.0%
Consensus Rating
Buy
Rating Score (0-4)
3
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$11.38 billion
Cash Flow
C$0.48 per share
Book Value
C$21.51 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.57 billion
Optionable
Not Optionable
Beta
N/A














AltaGas Frequently Asked Questions

Should I buy or sell AltaGas stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AltaGas stock.
View analyst ratings for AltaGas
or view top-rated stocks.

What is AltaGas' stock price forecast for 2022?

10 analysts have issued 1 year target prices for AltaGas' stock. Their ALA stock forecasts range from C$29.00 to C$36.00. On average, they anticipate AltaGas' stock price to reach C$33.69 in the next twelve months. This suggests a possible upside of 25.0% from the stock's current price.
View analysts' price targets for AltaGas
or view top-rated stocks among Wall Street analysts.

How has AltaGas' stock performed in 2022?

AltaGas' stock was trading at C$27.31 on January 1st, 2022. Since then, ALA shares have decreased by 1.3% and is now trading at C$26.96.
View the best growth stocks for 2022 here
.

When is AltaGas' next earnings date?

AltaGas is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
View our earnings forecast for AltaGas
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) released its quarterly earnings data on Thursday, April, 28th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.05 billion.
View AltaGas' earnings history
.

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

AltaGas announced a monthly dividend on Thursday, April 28th. Investors of record on Thursday, June 16th will be given a dividend of 0.265 per share on Thursday, June 30th. This represents a $3.18 annualized dividend and a yield of 11.80%. The ex-dividend date of this dividend is Wednesday, June 15th. This is an increase from AltaGas's previous monthly dividend of C$0.08.
View AltaGas' dividend history
.

Is AltaGas a good dividend stock?

AltaGas(TSE:ALA) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 3.90%. The dividend payout ratio of AltaGas is 115.31%. Payout ratios above 75% are not desirable because they may not be sustainable.
View AltaGas' dividend history.

Who are AltaGas' key executives?

AltaGas' management team includes the following people:
  • Mr. Randall L. Crawford, Pres, CEO & Non-Independent Director (Age 59, Pay $3.41M)
  • Mr. D. James Harbilas B.Com., C.A., C.P.A., CA, Exec. VP & CFO (Age 52, Pay $1.33M)
  • Ms. Corine Renne Knight Bushfield, Exec. VP & Chief Admin. Officer (Age 47, Pay $1.03M)
  • Mr. Randy W. Toone B.Sc., P.Eng, Exec. VP & Pres of Midstream
  • Mr. Donald M. Jenkins B.Sc., M.B.A., Exec. VP and Pres of Utilities & Washington Gas Light Company (Age 49, Pay $1.82M)
  • Mr. Jon Morrison, Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Bradley B. Grant Esq., B.Comm, LLB, MBA, Exec. VP & Chief Legal Officer
  • Mr. Kent E. Stout, Sr. VP of Organizational Devel.
  • Mr. Joy Sumanan Thakur, Sr. VP of Commercial & Bus. Operations
  • Mr. James Shelford, Sr. VP of Commercial (Age 38)

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$26.96.

How much money does AltaGas make?

AltaGas (TSE:ALA) has a market capitalization of C$7.57 billion and generates C$11.38 billion in revenue each year.

How many employees does AltaGas have?

AltaGas employs 2,926 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 AltaGas is www.altagas.ca. The company can be reached via phone at +1-403-6917575.

This page (TSE:ALA) was last updated on 7/5/2022 by MarketBeat.com Staff

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