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ALA

AltaGas TSX:ALA Stock Report

Last Price

CA$21.90

Market Cap

CA$6.2b

7D

-0.4%

1Y

-22.2%

Updated

29 Mar, 2023

Data

Company Financials +

ALA Stock Overview

About the company

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 1.7 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 508 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada.

Snowflake Analysis

ALA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance5/6
Financial Health2/6
Dividends2/6

My Notes

Capture your thoughts, links and company narrative

AltaGas Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AltaGas
Historical stock prices
Current Share PriceCA$21.90
52 Week HighCA$31.16
52 Week LowCA$21.25
Beta1.31
1 Month Change-7.56%
3 Month Change-7.36%
1 Year Change-22.23%
3 Year Change86.22%
5 Year Change-7.32%
Change since IPO113.66%

Recent News & Updates

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Mar 02
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Feb 09
AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Recent updates

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Mar 02
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Feb 09
AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Should You Think About Buying AltaGas Ltd. (TSE:ALA) Now?

Jan 10
Should You Think About Buying AltaGas Ltd. (TSE:ALA) Now?

Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 11%

Dec 15
Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 11%

Industry Analysts Just Made A Substantial Upgrade To Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts

Oct 31
Industry Analysts Just Made A Substantial Upgrade To Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts

AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Oct 08
AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Is There Now An Opportunity In AltaGas Ltd. (TSE:ALA)?

Aug 25
Is There Now An Opportunity In AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky

Jul 09
AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky

Is It Time To Consider Buying AltaGas Ltd. (TSE:ALA)?

May 27
Is It Time To Consider Buying AltaGas Ltd. (TSE:ALA)?

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

Apr 07
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

At CA$27.16, Is AltaGas Ltd. (TSE:ALA) Worth Looking At Closely?

Feb 24
At CA$27.16, Is AltaGas Ltd. (TSE:ALA) Worth Looking At Closely?

Here's Why I Think AltaGas (TSE:ALA) Is An Interesting Stock

Feb 07
Here's Why I Think AltaGas (TSE:ALA) Is An Interesting Stock

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

Jan 03
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?

Nov 02
Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.083

Nov 02
AltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.083

AltaGas (TSE:ALA) Has Affirmed Its Dividend Of CA$0.083

Oct 15
AltaGas (TSE:ALA) Has Affirmed Its Dividend Of CA$0.083

AltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.083

Sep 13
AltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.083

Analysts Are Betting On AltaGas Ltd. (TSE:ALA) With A Big Upgrade This Week

Aug 04
Analysts Are Betting On AltaGas Ltd. (TSE:ALA) With A Big Upgrade This Week

AltaGas' (TSE:ALA) Dividend Will Be CA$0.083

Aug 03
AltaGas' (TSE:ALA) Dividend Will Be CA$0.083

AltaGas' (TSE:ALA) Dividend Will Be CA$0.083

Jul 16
AltaGas' (TSE:ALA) Dividend Will Be CA$0.083

At CA$26.46, Is AltaGas Ltd. (TSE:ALA) Worth Looking At Closely?

Jul 09
At CA$26.46, Is AltaGas Ltd. (TSE:ALA) Worth Looking At Closely?

AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.083

Jun 14
AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.083

AltaGas (TSE:ALA) Takes On Some Risk With Its Use Of Debt

Jun 02
AltaGas (TSE:ALA) Takes On Some Risk With Its Use Of Debt

Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 18%

Apr 30
Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 18%

Is AltaGas Ltd. (TSE:ALA) A Smart Pick For Income Investors?

Mar 05
Is AltaGas Ltd. (TSE:ALA) A Smart Pick For Income Investors?

AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet

Feb 16
AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet

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

Feb 01
When Should You Buy AltaGas Ltd. (TSE:ALA)?

AltaGas Ltd.'s (TSE:ALA) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Jan 14
AltaGas Ltd.'s (TSE:ALA) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

AltaGas (TSE:ALA) Shareholders Received A Total Return Of Negative 18% In The Last Five Years

Dec 22
AltaGas (TSE:ALA) Shareholders Received A Total Return Of Negative 18% In The Last Five Years

Shareholder Returns

ALACA Gas UtilitiesCA Market
7D-0.4%1.7%0.8%
1Y-22.2%-11.8%-12.1%

Return vs Industry: ALA underperformed the Canadian Gas Utilities industry which returned -11.8% over the past year.

Return vs Market: ALA underperformed the Canadian Market which returned -12.1% over the past year.

Price Volatility

Is ALA's price volatile compared to industry and market?
ALA volatility
ALA Average Weekly Movement2.9%
Gas Utilities Industry Average Movement3.2%
Market Average Movement9.0%
10% most volatile stocks in CA Market17.8%
10% least volatile stocks in CA Market3.5%

Stable Share Price: ALA is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: ALA's weekly volatility (3%) has been stable over the past year.

AltaGas Ltd. Fundamentals Summary

How do AltaGas's earnings and revenue compare to its market cap?
ALA fundamental statistics
Market CapCA$6.17b
Earnings (TTM)CA$399.00m
Revenue (TTM)CA$14.09b

15.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ALA income statement (TTM)
RevenueCA$14.09b
Cost of RevenueCA$11.14b
Gross ProfitCA$2.95b
Other ExpensesCA$2.55b
EarningsCA$399.00m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.42
Gross Margin20.93%
Net Profit Margin2.83%
Debt/Equity Ratio129.2%

How did ALA perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

75%

Payout Ratio