Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

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

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... see more

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TSX:ALA - Post Discussion

AltaGas Ltd > Scotia Capital

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Post by retiredcf on Oct 24, 2024 8:27am

Scotia Capital

Scotia Capital’s Robert Hope bumped his AltaGas Ltd. target to $39 from $38 with a “sector outperform” rating. The average is $38.44.

“Shares of the Canadian utility group moved higher in Q3, benefiting from the lower rate environment. However, we have not seen a meaningful shift in sentiment for the group, especially as they have underperformed their U.S. peers,” said Mr. Hope. “Looking at the quarter, we expect investors will be focused on storm costs for EMA, which we estimate to be $0.5-billion, as well as the utility earnings power of AQN. We like AltaGas and Emera in the group.”

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