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AltaGas Ltd. (TSE:ALA)
TSX:ALA
AltaGas (ALA) Stock Price & Analysis
456 Followers
ALA Stock Chart & Stats
Day’s RangeC$0 - C$0
52-Week RangeC$21.63 - C$30.32
Previous CloseC$30.13
Volume607.71K
Average Volume (3M)840.39K
Market Cap
C$8.49B
Enterprise ValueC$17.68B
Total Cash (Recent Filing)C$95.00M
Total Debt (Recent Filing)C$9.14B
Price to Earnings (P/E)13.3
Beta0.92
Next Earnings
May 02, 2024EPS Estimate
C$1.04Next Dividend Ex-DateN/A
Dividend Yield3.83%
Share Statistics
EPS (TTM)2.27
Shares Outstanding295,327,138
10 Day Avg. Volume668,836
30 Day Avg. Volume840,394
Standard Deviation0.08
R-Squared0.42
Alpha0.00877
Financial Highlights & Ratios
Price to Book (P/B)4.61
Price to Sales (P/S)0.69
Price to Cash Flow (P/CF)14.50
P/FCF Ratio9.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$33.57Price Target Upside11.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
AltaGas News
PremiumCompany Announcements
AltaGas Ltd. Schedules Q1 Results and Shareholders Meeting
PremiumCompany Announcements
AltaGas Completes $600 Million Note Offerings
PremiumCompany Announcements
AltaGas Ltd. Issues $600 Million in Notes and Dividend
PremiumCompany Announcements
AltaGas Reports Solid 2023 Financials, Affirms Outlook
Bulls Say, Bears Say
Bulls Say
Financial PerformanceAltaGas has consistently met or surpassed financial expectations for five consecutive years, underlining its reliability and potential for sustained growth.
Growth PotentialAltaGas is actively pursuing growth opportunities, with a focus on natural gas and NGL production, and potential expansion of its unique west coast LPG export facilities.
Risk ManagementAltaGas is strategically hedged against fluctuations in global LPG exports and frac spreads, providing stability to earnings and protecting against downside risks.
Bears Say
Market ReactionThe market took a negative reaction in a flat/up day for the sector.
Operational ChallengesOperations for midstream coverage were negatively impacted by weather, with warm winter weather weighing on utilities results and record cold temperatures impacting producer volumes.
Stock ValuationPrice targets for BIP, ENB, and TRP have been lowered due to their 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
1.77% Insiders
4.51% Mutual Funds
8.74% Other Institutional Investors
84.98% 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$21.63 and its highest was C$30.32 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 May 02, 2024 which is in 4 days.
How were AltaGas Ltd.’s earnings last quarter?
AltaGas Ltd. released its earnings results on Mar 08, 2024. The company reported C$0.75 earnings per share for the quarter, missing the consensus estimate of C$0.76 by -C$0.01.
Is AltaGas Ltd. overvalued?
According to Wall Street analysts AltaGas Ltd.’s price is currently Undervalued.
Does AltaGas Ltd. pay dividends?
AltaGas Ltd. does not currently pay dividends.
What is AltaGas Ltd.’s EPS estimate?
AltaGas Ltd.’s EPS estimate is C$1.04.
How many shares outstanding does AltaGas Ltd. have?
AltaGas Ltd. has 281,832,500 shares outstanding.
What happened to AltaGas Ltd.’s price movement after its last earnings report?
AltaGas Ltd. reported an EPS of C$0.75 in its last earnings report, missing expectations of C$0.76. Following the earnings report the stock price went down -2.029%.
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
Outperform
1
2
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4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
C$33.57 (11.42% Upside)
C$33.57 (11.42% Upside)
Blogger Sentiment
Bullish
TSE:ALA Sentiment 75%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth $1.2M over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
32.15%
12-Months-Change
Fundamentals
Return on Equity
8.76%
Trailing 12-Months
Asset Growth
0.64%
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
Q4 2024
0:00 / 0:00
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ALA Stock 12 Months Forecast
Average Price Target
C$33.57
▲(11.42% Upside)
Technical Analysis
Best Analysts Covering ALA
1 Year
1 Year Success Rate
13/16 ratings generated profit
1 Year Average Return
+19.71%
reiterated a buy rating 3 months ago
Copying Patrick Kenny's trades and holding each position for 1 Year would result in 81.25% of your transactions generating a profit, with an average return of +19.71% per trade.
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