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AltaGas Ltd T.ALA

Alternate Symbol(s):  AGASF | ATGAF | T.ALA.PR.A | T.ALA.PR.B | ATGFF | T.ALA.PR.G | T.ALA.PR.H | ATGPF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

Comment by Windyhillon Dec 12, 2020 11:16am
162 Views
Post# 32093121

RE:Many upgrades from the G&M

RE:Many upgrades from the G&M
bossu wrote: Long time we have seen so much interest in ALA about the same I have had for long time.
This the kind of comments we need !

Inside the Market’s roundup of some of today’s key analyst actions

Shares of AltaGas Ltd. (

ALA-T +3.75%increase
 
) rose 3.75 per cent on Thursday after the Calgary-based energy infrastructure company released an optimistic update to its 2021 business plan and raised its monthly dividend by 4 per cent (to $1 per share).

 

However, Industrial Alliance Securities’ analyst Elias Foscolos lowered his rating for its stock to “buy” from a “strong buy” recommendation on Friday, pointing to a 13 per cent since an Oct. 30 upgrade.

“ALA’s 2021 business plan update highlights its increasingly utility-like characteristics,” he said. “EBITDA for 2021 is forecasted at $1.45-billion plus or minus $0.05-billion. This was slightly below our prior estimate which has been revised downward, but our longer-term outlook is slightly strengthened as we model in a higher CAGR [compound annual growth rate] in ALA’s regulated asset base. The 4-per-cent dividend increase confirms the strengthened outlook.”

With that view, Mr. Foscolos raised his target for AltaGas shares to $23 from $22. The average target is $21.67.

 

Elsewhere, other analysts raising their targets included:

* Scotia Capital’s Robert Hope to $22 from $20 with a “sector outperform” rating.

* CIBC World Markets’ Robert Catellier to $22 from $21 with an “outperformer” rating.

* Credit Suisse’s Andrew Kuske to $24 from $20 with an “outperform” rating.

* TD Securities’ Linda Ezergailis to $22 from $20 with a “buy” rating.

 

STORY CONTINUES BELOW ADVERTISEMENT

 
 

* BMO Nesbitt Burns’ Ben Pham to $24 from $23 with an “outperform” rating.

ALTAGAS LTD

19.35+0.62 (3.34%)




Bossu, 
Thank you for Posting the Analyst ratings. 
I think it will be “Steady as she Goes” into 2021 as we collect the increased Dividends.
Out of the woods. We should all sleep better at night. Good Job to Randy and the ALTAGAS team!



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