RE:RE:Guidance and year endHi there: I was just using a quick and dirty calcualtion re ALA but in general its P/E has been much higher in many different kind of markets, Even today many are showing it has a PE of over 16 which must be a trailing number. I think they went 6% vs 4% increase in the dividend when 4% was their guidance to take account of inflation.
Becasue I still see ALA as underpriced against many metrics I do think that the $28 figure is quite reasonable - Most of the analysts are higher and closer to $30 at the moment,
Some large institutions can only buy when credit risk is lower and as ALA lowers its debt it not only becomes more attractive to larger institutions but increases the amount availablel for dividends as well. I won;t change my 28 target unless inflation looks set to really take off but even then it will stay attractiv eon a defensive basis.
I like to mix of Midstream exports paired with the utility and the various growth factors they have but I do think a split into two parts would probably csuse further value to be unlocked. All in all I still really like ALA for an investment and see 2022 upside under most scenarios.