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AltaGas TSX:ALA Stock Report

Last Price

CA$30.22

Market Cap

CA$8.9b

7D

2.5%

1Y

27.8%

Updated

25 Apr, 2024

Data

Company Financials +

AltaGas Ltd. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AltaGas
Historical stock prices
Current Share PriceCA$30.22
52 Week HighCA$30.32
52 Week LowCA$22.57
Beta1.22
1 Month Change2.82%
3 Month Change6.04%
1 Year Change27.83%
3 Year Change35.03%
5 Year Change64.15%
Change since IPO194.83%

Recent News & Updates

AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit

Apr 19
AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit

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

Mar 29
Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Mar 14
AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Recent updates

AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit

Apr 19
AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit

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

Mar 29
Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Mar 14
AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 08
AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?

Feb 28
Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?

AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

Feb 09
AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

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

Jan 23
AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's

Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)

Jan 17
Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)

AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

Dec 27
AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

AltaGas (TSE:ALA) Will Pay A Dividend Of CA$0.28

Dec 13
AltaGas (TSE:ALA) Will Pay A Dividend Of CA$0.28

Need To Know: Analysts Are Much More Bullish On AltaGas Ltd. (TSE:ALA) Revenues

Dec 07
Need To Know: Analysts Are Much More Bullish On AltaGas Ltd. (TSE:ALA) Revenues

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

Nov 27
Here's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention Today

Is AltaGas Ltd. (TSE:ALA) Potentially Undervalued?

Nov 09
Is AltaGas Ltd. (TSE:ALA) Potentially Undervalued?

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

Sep 13
AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Should You Be Adding AltaGas (TSE:ALA) To Your Watchlist Today?

Aug 23
Should You Be Adding AltaGas (TSE:ALA) To Your Watchlist Today?

The AltaGas Ltd. (TSE:ALA) Analysts Have Been Trimming Their Sales Forecasts

Aug 01
The AltaGas Ltd. (TSE:ALA) Analysts Have Been Trimming Their Sales Forecasts

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

Jul 20
Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?

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

Jun 14
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Is AltaGas Ltd. (TSE:ALA) Trading At A 46% Discount?

May 27
Is AltaGas Ltd. (TSE:ALA) Trading At A 46% Discount?

AltaGas (TSE:ALA) Has Announced That It Will Be Increasing Its Dividend To CA$0.28

May 09
AltaGas (TSE:ALA) Has Announced That It Will Be Increasing Its Dividend To CA$0.28

What Does AltaGas Ltd.'s (TSE:ALA) Share Price Indicate?

Apr 14
What Does AltaGas Ltd.'s (TSE:ALA) Share Price Indicate?

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

Shareholder Returns

ALACA Gas UtilitiesCA Market
7D2.5%4.0%0.7%
1Y27.8%-4.2%4.9%

Return vs Industry: ALA exceeded the Canadian Gas Utilities industry which returned -4.2% over the past year.

Return vs Market: ALA exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is ALA's price volatile compared to industry and market?
ALA volatility
ALA Average Weekly Movement2.0%
Gas Utilities Industry Average Movement3.6%
Market Average Movement9.0%
10% most volatile stocks in CA Market18.1%
10% least volatile stocks in CA Market3.0%

Stable Share Price: ALA has not had significant price volatility in the past 3 months.

Volatility Over Time: ALA's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19943,045Vern Yuwww.altagas.ca

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.

AltaGas Ltd. Fundamentals Summary

How do AltaGas's earnings and revenue compare to its market cap?
ALA fundamental statistics
Market capCA$8.94b
Earnings (TTM)CA$641.00m
Revenue (TTM)CA$13.00b

13.9x

P/E Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALA income statement (TTM)
RevenueCA$13.00b
Cost of RevenueCA$10.11b
Gross ProfitCA$2.89b
Other ExpensesCA$2.24b
EarningsCA$641.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

May 02, 2024

Earnings per share (EPS)2.17
Gross Margin22.20%
Net Profit Margin4.93%
Debt/Equity Ratio119.5%

How did ALA perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

49%

Payout Ratio
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