AltaGas (TSX:ALA) - Stock Price, News & Analysis

ALA Stock Overview

Operates as an energy infrastructure company in North America.

ALA fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	1/6
Financial Health	0/6
Dividends	2/6

Rewards

Trading at 64.4% below our estimate of its fair value

Earnings are forecast to grow 20.08% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 3.46% is not well covered by free cash flows

Shareholders have been diluted in the past year

Significant insider selling over the past 3 months

AltaGas Ltd. Competitors

Canadian Utilities

TSX:CU

CA$9.5b

Brookfield Renewable

TSX:BEPC

CA$13.8b

Emera

TSX:EMA

CA$15.0b

Algonquin Power & Utilities

TSX:AQN

CA$5.5b

Price History & Performance

Summary of all time highs, changes and price drops for AltaGas
Historical stock prices
Current Share Price	CA$34.41
52 Week High	CA$35.06
52 Week Low	CA$24.67
Beta	1.24
11 Month Change	4.15%
3 Month Change	11.04%
1 Year Change	28.01%
33 Year Change	32.65%
5 Year Change	73.35%
Change since IPO	235.71%

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

Sep 10

AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns

Aug 23

Recent updates

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

May 09

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

Apr 14

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

Mar 02

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

Feb 09

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

Jan 10

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

Dec 15

Shareholder Returns

	ALA	CA Gas Utilities	CA Market
7D	0.9%	1.3%	-0.2%
1Y	28.0%	11.9%	12.5%

Return vs Industry: ALA exceeded the Canadian Gas Utilities industry which returned 11.9% over the past year.

Return vs Market: ALA exceeded the Canadian Market which returned 12.5% over the past year.

Price Volatility

Is ALA's price volatile compared to industry and market?
ALA volatility
ALA Average Weekly Movement	1.9%
Gas Utilities Industry Average Movement	2.8%
Market Average Movement	7.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	3.0%

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

Founded	Employees	CEO	Website
1994	3,045	Vern Yu	www.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 cap	CA$10.29b
Earnings (TTM)	CA$429.00m
Revenue (TTM)	CA$12.75b

23.9x

P/E Ratio

0.8x

P/S Ratio

Is ALA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALA income statement (TTM)
Revenue	CA$12.75b
Cost of Revenue	CA$9.73b
Gross Profit	CA$3.02b
Other Expenses	CA$2.59b
Earnings	CA$429.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.44
Gross Margin	23.68%
Net Profit Margin	3.37%
Debt/Equity Ratio	108.8%

How did ALA perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

78%

Payout Ratio

Does ALA pay a reliable dividends?

See ALA dividend history and benchmarks

When do you need to buy ALA by to receive an upcoming dividend?
AltaGas dividend dates
Ex Dividend Date	Sep 16 2024
Dividend Pay Date	Sep 27 2024
Days until Ex dividend	5 days
Days until Dividend pay date	16 days

Does ALA pay a reliable dividends?

See ALA dividend history and benchmarks

ALA Stock Overview

Rewards

Risk Analysis

AltaGas Ltd. Competitors

TSX:CU

CA$9.5b

TSX:BEPC

CA$13.8b

TSX:EMA

CA$15.0b

TSX:AQN

CA$5.5b

Price History & Performance

Recent News & Updates

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

Upcoming dividend of CA$0.30 per share

AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns

Second quarter dividend of CA$0.30 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

AltaGas Ltd. Maintains Earnings Guidance for the Year 2024

Recent updates

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

Upcoming dividend of CA$0.30 per share

AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns

Second quarter dividend of CA$0.30 announced

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

AltaGas Ltd. Maintains Earnings Guidance for the Year 2024

What AltaGas Ltd.'s (TSE:ALA) P/E Is Not Telling You

AltaGas Ltd. to Report Q2, 2024 Results on Aug 01, 2024

Here's Why AltaGas (TSE:ALA) Has Caught The Eye Of Investors

Executive VP & President of Midstream recently sold CA$597k worth of stock

Executive VP & Chief Legal Officer exercised options and sold CA$715k worth of stock

President recently bought CA$507k worth of stock

Executive VP & Chief Legal Officer exercised options and sold CA$618k worth of stock

Upcoming dividend of CA$0.30 per share

Is AltaGas (TSE:ALA) A Risky Investment?

Executive VP & CFO exercised options and sold CA$566k worth of stock

AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.2975

First quarter dividend of CA$0.30 announced

AltaGas Ltd. Approves Dividend, Payable on June 28, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

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

AltaGas Ltd. to Report Q1, 2024 Results on May 02, 2024

Executive VP & President of Midstream recently sold CA$1.2m worth of stock

Insider exercised options and sold CA$3.5m worth of stock

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

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

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Altagas Ltd. Reaffirms Earnings Guidance for the Year of 2024

Upcoming dividend of CA$0.30 per share

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

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

AltaGas Ltd., Annual General Meeting, May 02, 2024

AltaGas Ltd. to Report Q4, 2023 Results on Mar 08, 2024

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

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

Executive VP exercised options and sold CA$612k worth of stock

Executive VP exercised options and sold CA$612k worth of stock

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

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

Upcoming dividend of CA$0.28 per share at 4.0% yield

AltaGas Ltd. Increases Annual Dividend for the Calendar Year 2024 and Proposes First Quarterly Dividend, Payable on March 29, 2024

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

President recently bought CA$1.3m worth of stock

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

New minor risk - Earnings quality

AltaGas Ltd. Provides Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: CA$0.18 loss per share (vs CA$0.17 loss in 3Q 2022)

New major risk - Revenue and earnings growth

AltaGas Ltd. to Report Q3, 2023 Results on Nov 03, 2023

Executive VP exercised options and sold CA$378k worth of stock

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

Executive VP exercised options and sold CA$397k worth of stock

Upcoming dividend of CA$0.28 per share at 4.2% yield

AltaGas Ltd. (TSX:ALA) entered into a definitive agreement to acquire Pipestone Natural Gas Processing Plant, Natural Gas Storage Facility and assets from Tidewater Midstream and Infrastructure Ltd. (TSX:TWM) for CAD 650 million.

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

Altagas Ltd. Announces Appointment of A New Independent Director, Angela Lekatsas

Consensus revenue estimates decrease by 11%