Should I buy or sell AltaGas stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALA shares. View ALA analyst ratings or view top-rated stocks .

What is AltaGas' stock price target for 2024?

8 analysts have issued 12 month price objectives for AltaGas' stock. Their ALA share price targets range from C$32.00 to C$36.00. On average, they predict the company's stock price to reach C$33.75 in the next year. This suggests a possible upside of 15.4% 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 2024?

AltaGas' stock was trading at C$27.82 on January 1st, 2024. Since then, ALA stock has increased by 5.1% and is now trading at C$29.24. View the best growth stocks for 2024 here .

When is AltaGas' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our ALA earnings forecast .

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) released its quarterly earnings results on Friday, March, 8th. The company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company earned $3.29 billion during the quarter, compared to analysts' expectations of $4.11 billion. AltaGas had a trailing twelve-month return on equity of 8.90% and a net margin of 5.18%.

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

AltaGas announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.298 per share on Thursday, March 28th. This represents a $1.19 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.28. Read our dividend analysis for ALA .

Is AltaGas a good dividend stock?

AltaGas (TSE:ALA) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 4.04%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.65%. 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) .

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 .

TSE:ALA

AltaGas (ALA) Stock Price, News & Analysis

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Free ALA Stock Alerts

C$29.24

+0.24 (+0.83%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$28.89
▼
C$29.31
50-Day Range: C$27.10
▼
C$29.92
52-Week Range: C$22.28
▼
C$29.95

Volume: 559,731 shs
Average Volume: 801,549 shs
Market Capitalization: C$8.64 billion

P/E Ratio: 12.94
Dividend Yield: 4.07%
Price Target: C$33.75

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get AltaGas alerts:

AltaGas MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 15.4% Upside
C$33.75 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.68
Based on 4 Articles This Week
Insider Trading: Selling Shares
C$2 M Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.83 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
AltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
AltaGas has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ALA.

2.5

Dividend Strength

Dividend Leadership
AltaGas is a leading dividend payer. It pays a dividend yield of 4.04%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
AltaGas does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of AltaGas is 52.65%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALA.

2.6

News and Social Media Coverage

News Sentiment
AltaGas has a news sentiment score of 0.68. 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 higher news sentiment than the 0.37 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for AltaGas this week, compared to 2 articles on an average week.
Search Interest
Only 1 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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$2,002,672.00 in company stock.
Percentage Held by Insiders
Only 0.57% of the stock of AltaGas is held by insiders.
Percentage Held by Institutions
Only 34.56% of the stock of AltaGas is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of AltaGas is 12.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of AltaGas is 12.94, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 93.14.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
AltaGas has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About AltaGas Stock (TSE:ALA)

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 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 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, 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; 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 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

ALA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ALA Stock News Headlines

April 5, 2024 | insidertrades.com

AltaGas Ltd. (TSE:ALA) Senior Officer Randy Warren Toone Sells 40,000 Shares

March 30, 2024 | insidertrades.com

Randy Warren Toone Sells 16,000 Shares of AltaGas Ltd. (TSE:ALA) Stock

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

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BMO analyst previews profit results, provides top picks in the yield-heavy energy infrastructure sector

April 15, 2024 | msn.com

TFSA: Invest $10,000 in These 4 Stocks and Get Over $400 of Passive Income

April 12, 2024 | finance.yahoo.com

When Should You Buy AltaGas Ltd. (TSE:ALA)?

April 12, 2024 | americanbankingnews.com

AltaGas (TSE:ALA) Stock Price Crosses Above 200 Day Moving Average of $27.74

March 28, 2024 | seekingalpha.com

ALA:CA AltaGas Ltd.

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 27, 2024 | finance.yahoo.com

We Like These Underlying Return On Capital Trends At AltaGas (TSE:ALA)

March 14, 2024 | finance.yahoo.com

ALTAGAS CLOSES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS

March 11, 2024 | ca.style.yahoo.com

Currys: Elliot pulls out of takeover bid for UK retailer

March 10, 2024 | finance.yahoo.com

AltaGas Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

March 6, 2024 | msn.com

TSX Utilities in March 2024: The Best Stocks to Buy as Interest Rates Hold Steady

February 27, 2024 | finance.yahoo.com

Did AltaGas Ltd. (TSE:ALA) Use Debt To Deliver Its ROE Of 7.9%?

February 20, 2024 | reuters.com

Equitrans delays WV-VA Mountain Valley natgas pipe again, boosts cost

February 18, 2024 | msn.com

3 Top Canadian Dividend Stocks to Buy Under $30

February 8, 2024 | theglobeandmail.com

Closing Bell: AltaGas Ltd Pref Ser E flat on Friday (ALA-PR-E)

February 6, 2024 | theglobeandmail.com

Shoppers Will Pay More for Snacks for the Big Game in 2024. This Popular Snack Will Cost 60% More Than in 2023

February 5, 2024 | finance.yahoo.com

ALTAGAS TO ISSUE FOURTH QUARTER AND FULL YEAR 2023 RESULTS

January 23, 2024 | finance.yahoo.com

Here's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention Today

January 23, 2024 | theglobeandmail.com

Ahead of earnings season, BMO analyst provides top picks for dividend-heavy energy infrastructure sector

January 12, 2024 | theglobeandmail.com

Friday’s Insider Report: CEO invest over US$300,000 in this financial stock

January 8, 2024 | finance.yahoo.com

ALTAGAS CLOSES $400 MILLION MEDIUM TERM NOTE OFFERING

January 3, 2024 | finance.yahoo.com

AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's

January 2, 2024 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - ALA.PR.E

December 20, 2023 | ca.style.yahoo.com

Al Mada Ventures, the $110M fund for Africans by Africans

See More Headlines

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Company Calendar

Last Earnings: 3/08/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/02/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas Midstream
Sub-Industry: N/A
Current Symbol: TSE:ALA
CUSIP: N/A
CIK: N/A
Web: www.altagas.ca
Phone: +1-403-6917575
Fax: N/A
Employees: 3,045
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$33.75
High Stock Price Target: C$36.00
Low Stock Price Target: C$32.00
Potential Upside/Downside: +15.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.26
Trailing P/E Ratio: 12.94
Forward P/E Ratio: 13.57
P/E Growth: -4.97
Net Income: C$641 million
Net Margins: 5.18%
Pretax Margin: N/A
Return on Equity: 8.90%
Return on Assets: 2.46%

Debt

Debt-to-Equity Ratio: 125.64
Current Ratio: 0.89
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: C$13 billion
Price / Sales: 0.66
Cash Flow: C$0.56 per share
Price / Cash Flow: 52.24
Book Value: C$24.83 per share
Price / Book: 1.18

Miscellaneous

Outstanding Shares: 295,330,000
Free Float: N/A
Market Cap: C$8.64 billion
Optionable: Not Optionable
Beta: 1.22

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Key Executives

Mr. D. James Harbilas B.Com. (Age 54)
C.A., CPA, Executive VP & CFO
Comp: $1.14M
Ms. Corine Renne Knight Bushfield B.Comm (Age 49)
CA, CPA, Executive VP & Chief Administrative Officer
Comp: $878.96k
Mr. Randy W. Toone B.Sc.
P.Eng, Executive VP & President of Midstream
Mr. Jon Morrison
Senior Vice President of Investor Relations & Corporate Development
Mr. Kent E. Stout
Senior Vice President of Organizational Development
David Anderson
Senior Vice President of Corporate Environmental Health & Safety

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ALA Stock Analysis - Frequently Asked Questions

Should I buy or sell AltaGas stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ALA shares.
View ALA analyst ratings or view top-rated stocks.
What is AltaGas' stock price target for 2024?: 8 analysts have issued 12 month price objectives for AltaGas' stock. Their ALA share price targets range from C$32.00 to C$36.00. On average, they predict the company's stock price to reach C$33.75 in the next year. This suggests a possible upside of 15.4% 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 2024?: AltaGas' stock was trading at C$27.82 on January 1st, 2024. Since then, ALA stock has increased by 5.1% and is now trading at C$29.24.
View the best growth stocks for 2024 here.
When is AltaGas' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ALA earnings forecast.
How were AltaGas' earnings last quarter?: AltaGas Ltd. (TSE:ALA) released its quarterly earnings results on Friday, March, 8th. The company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company earned $3.29 billion during the quarter, compared to analysts' expectations of $4.11 billion. AltaGas had a trailing twelve-month return on equity of 8.90% and a net margin of 5.18%.

How often does AltaGas pay dividends? What is the dividend yield for AltaGas?: AltaGas announced a quarterly dividend on Thursday, March 14th. Stockholders of record on Thursday, March 28th will be paid a dividend of 0.298 per share on Thursday, March 28th. This represents a $1.19 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$0.28.
Read our dividend analysis for ALA.
Is AltaGas a good dividend stock?: AltaGas (TSE:ALA) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 4.04%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.65%. 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).
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.

This page (TSE:ALA) was last updated on 4/18/2024 by MarketBeat.com Staff

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AltaGas (ALA) Stock Price, News & Analysis

AltaGas MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About AltaGas Stock (TSE:ALA)

ALA Stock Price History

ALA Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ALA Stock Analysis - Frequently Asked Questions

Overall MarketRank^™