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AltaGas Ltd. (TSE:ALA)
TSX:ALA
AltaGas (ALA) Stock Price & Analysis
480 Followers
ALA Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$23.14 - C$31.49
Previous CloseC$31.39
Volume113.15K
Average Volume (3M)913.66K
Market Cap
C$9.47B
Enterprise ValueC$18.56B
Total Cash (Recent Filing)C$101.00M
Total Debt (Recent Filing)C$9.17B
Price to Earnings (P/E)15.1
Beta0.78
Next Earnings
Aug 01, 2024EPS Estimate
C$0.12Last Dividend Ex-Date
Jun 14, 2024Dividend Yield3.79%
Share Statistics
EPS (TTM)2.08
Shares Outstanding296,192,818
10 Day Avg. Volume1,377,341
30 Day Avg. Volume913,665
Standard Deviation0.08
R-Squared0.46
Alpha0.00686
Financial Highlights & Ratios
Price to Book (P/B)4.66
Price to Sales (P/S)0.68
Price to Cash Flow (P/CF)14.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$35.77Price Target Upside12.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
AltaGas News
PremiumCompany Announcements
AltaGas Announces Q2 2024 Financial Results Release
PremiumCompany Announcements
AltaGas Completes $250M Notes Offering
PremiumCompany Announcements
AltaGas Ltd. Increases Medium Term Notes OfferingPremiumCompany Announcements
Birchcliff and AltaGas Forge Stronger LPG Ties
Bulls Say, Bears Say
Bulls Say
Cash FlowVisibility towards fee-based cash flow growth and solid project backlogs provide opportunities for outperformance.
InvestmentAltaGas announced the FID on its latest LPG export facility, REEF, being developed.
Price TargetAnalyst's increased target price to $35.00 reflects a higher midstream target multiple reflecting ALA’s de-risked growth outlook.
Bears Say
Market ConditionsOrganic growth a little slower as markets still facing headwinds.
Operational PerformanceOperations for midstream coverage were negatively impacted by warm winter weather and record cold temperatures in January.
Price TargetsLower price targets for BIP, ENB, and TRP owing to higher correlation with the GCAN 10 year and a moderating outlook for rate cuts.
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Options Prices
Currently, No data available
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Ownership Overview
1.69% Insiders
4.37% Mutual Funds
8.27% Other Institutional Investors
85.67% Public Companies and
Individual Investors
ALA FAQ
What was AltaGas Ltd.’s price range in the past 12 months?
AltaGas Ltd. lowest stock price was C$23.14 and its highest was C$31.49 in the past 12 months.
What is AltaGas Ltd.’s market cap?
Currently, no data Available
When is AltaGas Ltd.’s upcoming earnings report date?
AltaGas Ltd.’s upcoming earnings report date is Aug 01, 2024 which is in 10 days.
How were AltaGas Ltd.’s earnings last quarter?
AltaGas Ltd. released its earnings results on May 02, 2024. The company reported C$1.14 earnings per share for the quarter, beating the consensus estimate of C$1.037 by C$0.103.
Is AltaGas Ltd. overvalued?
According to Wall Street analysts AltaGas Ltd.’s price is currently Undervalued.
Does AltaGas Ltd. pay dividends?
AltaGas Ltd. pays a Quarterly dividend of C$0.3 which represents an annual dividend yield of 3.79%. See more information on AltaGas Ltd. dividends here
What is AltaGas Ltd.’s EPS estimate?
AltaGas Ltd.’s EPS estimate is C$0.12.
How many shares outstanding does AltaGas Ltd. have?
AltaGas Ltd. has 297,242,740 shares outstanding.
What happened to AltaGas Ltd.’s price movement after its last earnings report?
AltaGas Ltd. reported an EPS of C$1.14 in its last earnings report, beating expectations of C$1.037. Following the earnings report the stock price went up 0.895%.
Which hedge fund is a major shareholder of AltaGas Ltd.?
Currently, no hedge funds are holding shares in TSE:ALA
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AltaGas Stock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
C$35.77 (12.32% Upside)
C$35.77 (12.32% Upside)
Blogger Sentiment
Neutral
TSE:ALA Sentiment 50%
Sector Average 72%
Sector Average 72%
Insider Transactions
Sold Shares
Worth $14.4K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Positive
20 days / 200 days
Momentum
27.62%
12-Months-Change
Fundamentals
Return on Equity
7.90%
Trailing 12-Months
Asset Growth
8.70%
Trailing 12-Months
Company Description
AltaGas Ltd.
AltaGas Ltd. engages in the generation and distribution of electricity. It operates through the following segments: Gas, Power and Utilities. The Gas segment business gathers, processes, transports, stores and markets natural gas and natural gas liquids. The Power segment consists of operating conventional and renewable power including wind, run-of-river hydro and biomass. The Utilities segment involves the ownership of regulated natural gas distribution and storage utilities. The company was founded by David Wallace Cornhill in 1993 and is headquartered in Calgary, Canada.
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ALA Company Deck
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ALA Earnings Call
Q1 2024
0:00 / 0:00
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ALA Stock 12 Month Forecast
Average Price Target
C$35.77
▲(12.32% Upside)
Technical Analysis
Best Analysts Covering ALA
1 Year
1 Year Success Rate
17/22 ratings generated profit
1 Year Average Return
+23.76%
reiterated a buy rating 2 months ago
Copying Benjamin Pham's trades and holding each position for 1 Year would result in 77.27% of your transactions generating a profit, with an average return of +23.76% per trade.
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