Altagas Ltd (ALA.TO) Buy, Sell or Hold

Altagas Ltd (ALA.TO)

53.87

+0.55 (1.03%)

as of Jun 19, 2026, 8:00:00 pm Market Open.

576 watching

BUY

They have US dollars coming in now. This is not at the top of his list but you get a decent dividend yield and the balance sheet is in better shape. It is probably a decent buy.

Wealthica Track your Stocks in your Watch List

Premium content

It's a Monthly Gems opinion which is available only for Stockchase Premium

Curated by Allan Tong since 2019.
99+ opinions with 4.15 rating.

TOP PICK

Utilities have been one sector that have weathered the COVID-19 storm yet held onto their dividends. Northland Power, for example, has shed 9.3% in the past month compared to the TSX's -14%. However, how many identify Altagas as a utility? Actually, 70% of this Canadian company's business is in American utilities, so right off the bat they benefit from the rising U.S. greenback. Like all utilities, ALA's revenues are assured. Ryan Bushell calls Altagas the most mis-priced security in his portfolio and recently named it a top pick. Sure, Altagas has endured a rough few years, spinning off its Canadian operations into Altagas Canada in order to finance a massive utility in the States, but its sell-off from $22.74 at the market peak of February 19 to $9.32 at the March 23 trough is overdone, even in today's market. In the past month, ALA has plunged nearly 30%, but in the past five days it has soared 17% vs. the TSX's 5.3% and Northland's 2.2%. It currently pays a 6.9% dividend with a current price target of $18.43, which represents 27% upside. Tip to Altagas: maybe it's time for a name change.

TOP PICK

It is the most miss-priced security in the portfolio. 70% of it is US utilities. They had a favourable impact from currency in this. It has about a 7% yield. (Analysts’ price target is $18.43)

HOLD

He thinks they have continued to maintain and deliver cash flow while paying a strong dividend. You are getting paid to wait.

HOLD

All the midstream companies were hit hard yesterday -- down almost 20%. She does not own it, but would recommend continuing to hold it as the yield is attractive.

TOP PICK

He liked this more when it was $20.55. It trades at 3/4s of the valuation of their utility peers. They expect an 8-10% growth in the rate payer base. You want to own regulated utilities going forward. They are likely to increase the dividend again next year. Yield 4.43% (Analysts’ price target is $23.14)

HOLD

Gas companies and commodity companies have been hated. This stock looks healthy form a technical perspective. It had a long base and then it broke out. Now it looks like it's testing that level. It probably has limited down side risk.

HOLD

A hold at current prices. Purchase of Washington Electric is working out pretty well. A more defensive company now. There are better names out there. He owns ENB and TRP. (Analysts’ price target is $23.14)

Wealthica Track your Stocks in your Watch List

DON'T BUY

If it's not a leader in the group, he won't buy it. He'd rather buy Pembina.

DON'T BUY

It has had a bit of a rough ride. They pre-funded a deal across the border with debt and then it was delayed for a number of quarters. They had to sell down some quality assets.

DON'T BUY

They got into trouble with a major US acquisition some years ago, but that was a buying opportunity to pick up their spin-out, Altagas Canada. Now, ALA is paying down debts by selling assets, so that checks off that box. They're a utility, mid-stream, a little of everything. That said, there are better opportunities elsewhere.

DON'T BUY

Starting to recover under new management. Dividend is safe, only because it was slashed earlier. Not much growth. Better ideas in energy. Lots of leverage. Valuation not compelling. What you're seeing is the dead cat bounce.

TOP PICK

2020 sets up really well for this company. They sold a lot of assets and paid down a lot of debt. They have acquired a utility business in Washington in which they have not filed the rate cases yet. They will have lower interest payments and a propane export terminal that started in the middle of last year. (Analysts’ price target is $22.36)

HOLD

They had become over leveraged in Canada. The fall from $30 has yet to recover. Permian production in the US could fall, but it is not enough to drive natural gas prices to drive back to $4 per mcf. This is a hold right here.

DON'T BUY

There has been a great run in defensive assets. He thinks the outlook forward for utilities is muddied. Investors will not look to this space when the economy accelerates. He would not be a buyer here.

Showing 61 to 75 of 604 entries

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Altagas Ltd (ALA.TO)