|Bid||14.48 x 0|
|Ask||14.52 x 0|
|Day's Range||14.47 - 15.25|
|52 Week Range||13.11 - 29.34|
|Beta (3Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2019 - Mar 4, 2019|
|Forward Dividend & Yield||2.19 (15.39%)|
|1y Target Est||20.86|
Altagas Ltd (TSX:ALA) has been down in the dumps for a while, but this is not a stock you should count out just yet.
All you need to know about AltaGas Ltd.’s (TSX:ALA) dividend cut and plans for 2019.
The company's plan to sell the 55 percent stake follows the 35 percent stake sale in the facilities for C$922 million in June to fund its acquisition of U.S.-based WGL Holdings Inc. AltaGas, which cut its annual divided by 56 percent to 96 Canadian cents per common share, said it expects EBITDA to be in the range of C$1.2 billion-C$1.3 billion in 2019.
CALGARY, Dec. 13, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (TSX:ALA.TO - News) today announced the details of its balanced funding plan and outlook for 2019. The plan outlines measures to regain financial strength and flexibility to fund future growth opportunities aligned with the Company's focus on Midstream and U.S. Utilities. The Company's balanced funding plan has been designed to optimize per share cash flow and earnings growth by taking advantage of capital investment and growth opportunities in Midstream and U.S. Utilities, enhancing the value of its asset footprint and improving credit metrics.
CALGARY, Dec. 3, 2018 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX:ALA.TO - News) announced today reset dividend rates for the currently outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series E (the "Series E Shares") (TSX:ALA.PR.E) and the Cumulative Redeemable Floating Rate Preferred Shares, Series F (the "Series F Shares"). As previously announced by AltaGas on November 28, 2018, AltaGas does not intend to exercise its right to redeem its Series E Shares on December 31, 2018 (the "Conversion Date"). As a result, subject to certain conditions, the holders of the Series E Shares have the right to convert all or part of their Series E Shares on a one-for-one basis into Series F Shares on the Conversion Date. With respect to any Series E Shares that remain outstanding after the Conversion Date, holders shall be entitled to receive, as and when declared by the Board of Directors of AltaGas, fixed cumulative preferential cash dividends, payable quarterly.
At least one of Altagas Ltd. (TSX:ALA), Canoe EIT Income Fund (TSX:EIT.UN) and Slate Office REIT (TSX:SOT.UN) looks good to maintain its generous 10%+ yield. Income investors, take notice.
NEW YORK, NY / ACCESSWIRE / December 3, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
CALGARY , Nov. 29, 2018 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) announced today the timing of its financial and operational outlook conference call. To align the previously discussed "update ...
CALGARY, Nov. 28, 2018 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX:ALA.TO - News) announced today that it does not intend to exercise its right to redeem any or all of its currently outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series E (the "Series E Shares") (TSX:ALA.PR.E) on December 31, 2018 (the "Conversion Date"). As a result, subject to certain conditions, the holders of the Series E Shares have the right to convert all or part of their Series E Shares on a one-for-one basis into Cumulative Redeemable Floating Rate Preferred Shares, Series F (the "Series F Shares") on the Conversion Date.
Calgary-based utility AltaGas Ltd. is appointing Randy Crawford as CEO four months after the sudden resignation of ex-CEO David Harris following an unspecified "complaint" to its board. In a news release, it says Crawford will take the reins on Dec. 10 from interim co-CEOs David Cornhill and Phillip Knoll, its chairman and a member of the board, respectively. AltaGas says Crawford has 30 years of experience in the natural gas industry and was most recently the president of midstream and commercial with EQT Corp., a U.S. gas company, where he led a growth strategy in the Marcellus natural gas fields in the northeastern U.S.
AltaGas solidifies senior leadership team and readies to execute on opportunities in Gas and U.S. Utilities CALGARY , Nov. 20, 2018 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) today announced the appointment ...
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AltaGas Ltd. (TSX:ALA) stock gets killed after management suggests a dividend cut, reaffirming market's fears. But what is the long-term outlook?
NEW YORK, NY / ACCESSWIRE / October 31, 2018 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register ...
Investor distaste for buying equity means AltaGas Ltd.'s best option to fund future growth is selling assets, its founder and acting co-CEO said Tuesday. The Calgary-based gas and power company announced it will sell assets to raise between $1.5 billion and $2 billion by the end of March, despite recently exceeding its earlier target of $2 billion in sales to pay down bridge financing needed to complete its $9-billion purchase of U.S. utility company WGL Holdings. Changes in the market between when AltaGas announced it would buy WGL in January 2017 and when it was completed about four months ago are responsible for the new strategy, said David Cornhill, the company's founder, chairman and acting co-CEO.
If you want to know who really controls AltaGas Ltd (TSE:ALA), then you’ll have to look at the makeup of its share registry. Institutions will often hold stock in bigger Read More...