|Bid||20.77 x 0|
|Ask||20.78 x 0|
|Day's Range||20.46 - 20.88|
|52 Week Range||13.25 - 20.88|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||5.48|
|Earnings Date||Feb 25, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||0.96 (4.69%)|
|Ex-Dividend Date||Jan 23, 2020|
|1y Target Est||22.29|
CALGARY , Jan. 8, 2020 /CNW/ - AltaGas Ltd. (AltaGas) (ALA.TO) announces the appointment of two new Independent Directors – Linda Sullivan and Nancy Tower to its Board of Directors effective today. In addition, AltaGas announces the retirement of Daryl Gilbert from the Board to be effective following the conclusion of AltaGas' next annual meeting of shareholders to be held in May this year. Following Mr. Gilbert's planned retirement, AltaGas' Board will once again be comprised of 11 directors with complementary expertise to support AltaGas' business.
CALGARY , Jan. 2, 2020 /CNW/ - AltaGas Ltd. (AltaGas) (ALA.TO) advises that AltaGas Idemitsu Joint Venture Limited Partnership (AIJV) has received notice (the Put Notice) from SAM Holdings Ltd. (SAM) of its exercise of a put option (the Put Option) with respect to SAM's approximately 1/3 interest in Petrogas Energy Corp. (Petrogas). AIJV, a limited partnership owned 50 percent by AltaGas and 50 percent by Idemitsu Kosan Co., Ltd. (Idemitsu), owns the other approximately 2/3 of the outstanding common shares of Petrogas.
AltaGas Announces 2020 Guidance, Suspension of its Dividend Reinvestment Program, and Provides an Update on its 2020 Strategic Plan
CALGARY , Dec. 16, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (ALA.TO) today announced that it has completed its aggregate issue of $500 million of senior unsecured medium term notes (the "Notes") with a coupon rate of 2.609 percent, maturing on December 16, 2022 (the "Offering"). The net proceeds resulting from the Offering will be used to pay down existing indebtedness under AltaGas' credit facility and for general corporate purposes. As a result, AltaGas expects that the Offering will be leverage neutral.
CALGARY , Dec. 12, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (ALA.TO) today announced that it has agreed to issue $500 million of senior unsecured medium-term notes (the "Notes") with a coupon rate of 2.609 percent, maturing on December 16, 2022 (the "Offering"). The Offering is expected to close on or about December 16, 2019 . The net proceeds resulting from the Offering will be used to pay down existing indebtedness under AltaGas' credit facility and for general corporate purposes.
CALGARY , Dec. 11, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (ALA.TO) today released its inaugural Environmental, Social & Governance (ESG) Report, highlighting the company's 2018 performance in several key areas relevant to the long-term sustainability of its business, and demonstrating its ongoing commitment to transparency. "Through investment, innovation and strong partnerships, we are delivering affordable and efficient energy solutions that help address the world's complex energy challenges," said Randy Crawford , President and Chief Executive Officer, AltaGas.
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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of SEMCO Energy, Inc. New York, November 05, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of SEMCO Energy, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
AltaGas' Third Quarter Results Saw Strong Performance from the Midstream Business Driven by RIPET and the Advancement of its Energy Export Strategy
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CALGARY , Sept. 30, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (ALA.TO) announced today that 1,114,177 of its 8,000,000 Cumulative Redeemable Five-Year Fixed Rate Reset Preferred Shares, Series G (the "Series G Preferred Shares") (ALA-PG.TO) were tendered for conversion into Cumulative Floating Rate Preferred Shares, Series H (the "Series H Preferred Shares"). As a result of the conversion AltaGas has 6,885,823 Series G Preferred Shares and 1,114,177 Series H Preferred Shares issued and outstanding. The Series G Preferred Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol ALA.PR.G. The Series H Preferred Shares will begin trading on the TSX today under the symbol ALA.PR.H.
CALGARY , Sept. 30, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (ALA.TO) announced today that it has entered into a definitive agreement for the sale of its indirect, non-operating interest in the Central Penn Pipeline (Central Penn) held by its subsidiary WGL Midstream, Inc. (WGL Midstream) to Meade Pipeline Investment, LLC, a subsidiary of NextEra Energy Partners, LP. Total gross proceeds for WGL Midstream's interest is approximately $870 million ( US$657 million ). AltaGas' estimated 2019 cash flow and normalized EBITDA for the Central Penn Pipeline is approximately US$49 million and US$39 million , respectively.
AltaGas previously guided to $1.5 billion to $2 billion of asset sales in 2019 and it has already achieved or announced $1.3 billion worth of sales, Pham wrote in the upgrade note. It is now more likely total asset sales for 2019 will come in near or above the $2 billion mark. The case for turning bullish on the Calgary-based energy infrastructure company is based on expectations for leverage to notably decline, the analyst wrote.