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AltaGas Ltd. (ALA.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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29.37+0.05 (+0.17%)
As of 11:33AM EDT. Market open.

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  • w
    william
    Let's get the dividend up, ALTA, term deposits are more attractive than the current dividend.....
  • j
    john
    What's going on with ALA. Cmon people we OWN Washington Gas and Light and the Ripley Propane money printing terminal. This should be at least $40 a share, if not $50!!
  • j
    john
    Anyone think splitting the company up into two would unlock value? It seems so undervalued here.
  • S
    Sheepdip
    this stock is one of my few shinning stars !!
  • M
    Monte Carlo
    I really confused on why Alta is taking such a beating the last week or so in comparison to others in same segment.....any thoughts or perspectives? what am I missing here? was it over valued perhaps???
  • M
    Mike
    How much of Ripet construction expense is part of overall debt? Anybody know? Also see share count is a bit high, how many shares per year are being distributed in lieu of debt? Those two factors are my only concern. This company will be a juggernaut eventually.
  • L
    Lance
    Gas prices are up 10% today and this one is down.. 0.5% while the market is flat. What am I missing.

    I guess its time to buy up a boatload of this.
  • R
    Roberto
    Normalized EPS1 of $1.29 in Q1 2021 compared to $0.79 in Q1 2020, representing a 63% year-over-year increase.

    Normalized FFO1 per share of $2.08 in Q1 2021 compared to $1.51 in Q1 2020, representing a 38% year-over-year increase.

    Normalized EBITDA1 of $674 million in Q1 2021 compared to $499 million in Q1 2020, representing a 35% year-over-year increase and reflected solid performance across the platform.
  • r
    reza
    Here is my comment from 2 months ago:
    "With high dividend and decent growth potential, this is one of the TSX stocks. My modeling shows, including the $0.96 div, in 52w, you will end up at $16.6 - $25.5 with midpoint of $22.4"

    It seems that this stock is on track to reach my price target.
  • Y
    YOH
    This is just the beginning. 24 per share could be in the future. Load up. 6.6% +growth in price.
  • p
    patrick
    The stocks ALWAYS start low it’s crazy annoying could people STOP selling their stocks at market open???? PLEASE? Ffs buy at market open instead!!!
  • s
    stephanie
    A couple of days ago I spoke to the Investor Relations department at Altagas. The representative made a couple of important points:

    i) The spin-off of Canadian assets is only a partial spin-off. It is not a complete split of Canadian from American assets. Only certain Canadian assets are being spun-off.

    ii) The commitment to increase the dividend was removed in the last quarterly update. They no longer predict the dividend growth of 6-8% that they did previously. That being said, there are no plans to cut the current dividend and the representative specifically said "The CEO has no intention of offering a dividend which is not sustainable - it is not our policy to do so". When I asked if this means the current dividend will be maintained she stated "We have no indication that the dividend will be cut and this will be mentioned in the next quarterly update".

    With the earnings growth that the WGL acquisition offers, it would appear that ALA is trading at a significant discount because of the perceived unknowns in the spin-off. However, the information on the spinoff is already posted on Sedar and the Investor Relations contact that I spoke to is a bit surprised with how much misinformation is out there and affecting the current stock price.
  • U
    UncleRemus
    I think my cost average is $30 in this for the long haul I think this is a good company
  • s
    stephanie
    Wow, excellent quarterly report. Arguably "blowout" numbers, in fact.

    This reaffirms my belief that fair value on an Altagas Share right now is closer to C$40 with plenty of room to increase dividend too.

    A cornerstone investment if there ever was one.
  • B
    Bunny
    With the rate reset of perferred shares, Altagas would have retain more cash from their payout. This will improve the balance sheet further with such low costs of capital now. The utility business still generate and generate granteed decent return. I expect free cash flow will rise
  • V
    Vader
    company has reinterduced the premium drip plan give a 3% discount to the average share price.
  • r
    reza
    With high dividend and decent growth potential, this is one of the TSX stocks. My modeling shows, including the $0.96 div, in 52w, you will end up at $16.6 - $25.5 with midpoint of $22.4
  • A
    Adrian
    People need to chill out. Just hold onto it. It can't drop that much further. You might as well hold for at least a year to attempt to recover any losses.
  • k
    kghague
    I listened to the conference call. The Board will make a decision on the 2019 dividend in the next few weeks. The anticipated increase in the FFO as a result of the WGL transaction (and everything else) has been cut back from 15/25% to 10%. The FFO for 2017 was $3.60/share based on 175 million shares and a declared dividend of $2.12/share. There are currently 270 million shares so a 10% increase in FFO equates to something like $2.56/share.
  • k
    kghague
    Of interest is the fact that Terry McAllister, the former CEO of WGL and current board member, bought 44k shares of Altagas on September 21, one week after the first IPO news release. That demonstrates some degree of confidence in the ongoing venture.