Rank AltaGas Preferreds

This compare tool allows you to Rank AltaGas Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the AltaGas preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

AltaGas Brief Overview

Visit the AltaGas company website to see the preferred share prospectus, news and other information.

Sector: Energy transportation and distribution company.

Core businesses and operations:

  1. Midstream, which serves customers primarily in the Western Canada Sedimentary Basin.
  2. Utilities, which serves approximately 1.6 million customers1 with a rate base of approximately $3.7 billion through ownership of regulated natural gas distribution utilities in the District of Columbia, Virginia, Maryland, Michigan and Alaska.
  3. Power, which is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Colorado, Michigan, and North Carolina.
Issues Not tracked by our system The following Altagas issues are US$ based and not included in our system.
  1. ALA-C. Cumulative Redeemable 5,Year Rate Reset Preferred Shares, Series C.
  2. ALA-G. Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series G.

The latest information and statistics on their common stock ALA, can be easily accessed using websites like TMX Money.

Next Dividend Pay Date: 2020Jun30. Dividend Payment Schedule: 2021MAR31 , 2020JUN30 , 2020SEP30 , 2020DEC31

Next Ex-Dividend Date: 2020Jun13. Ex Dividend Date Schedule: 2021MAR14 , 2020JUN13 , 2020SEP13 , 2020DEC12

 

AltaGas Credit Rating

The latest credit rating for AltaGas are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
BBBBBB(low)Pfd-3LBBB-P-3

AltaGas Common Share Metrics

Symbol: ALACurrency: CADMarket Cap: $4,538,186,736Price: $16.24
P/E: 10.71P/B: 0.65Dividend: $0.240Yield: 5.91%
Beta: 1.06



Rank AltaGas Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


Last Updated: Market Data Jun-05 16:52, Model Metrics Jun-05 16:55
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield | Dividend)
Reset (Yield | Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield | Dividend)follow link passed the end of the table to see definition
Reset Date Y/M/DRate Increase (percent | to value )New Spread (%Increase | value)Years To Double Initial InvestmentName
ALA-A ALA.PR.A $11.15$16.04$7.515YR + 2.66%07.66% | $0.8507.12% | $0.7907.08% | $0.792020SEP30124% | 7.13%055% | 4.13%9.382AltaGas Ltd. 3.38% Series A
ALA-K ALA.PR.K $19.77$23.31$12.405YR MIN 5% + 3.80%06.33% | $1.2506.32% | $1.2506.32% | $1.252022MAR31026% | 5.46%020% | 4.59%11.29AltaGas Ltd. 5% Series K
ALA-G ALA.PR.G $13.35$18.05$8.515YR + 3.06%07.94% | $1.0606.70% | $0.8907.68% | $1.022024SEP30087% | 6.70%046% | 4.48%9.070AltaGas Ltd. 4.75% Series G
ALA-E ALA.PR.E $15.27$20.18$10.305YR + 3.17%08.83% | $1.3506.04% | $0.9207.85% | $1.192023DEC31063% | 6.04%038% | 4.40%8.185AltaGas Ltd. 5% Series E
ALA-I ALA.PR.I $21.50$24.70$12.005YR MIN 5.25% + 4.19%06.10% | $1.3106.10% | $1.3106.09% | $1.312020DEC31016% | 5.48%014% | 4.77%11.70AltaGas Ltd. 5.25% Series I
ALA-B ALA.PR.B $11.00$16.01$7.523MTH + 2.66%06.45% | $0.71N/AN/AFLOATING127% | 7.23%056% | 4.15%N/AAltaGas Ltd. cumulative redeemable floating rate preferred shares Series B


Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates

The following table presents 5 scenarios, of the issues resetting based on different 5 Year Bond rates. Each scenario consists of 3 columns and grouped by color. The rates assumed for the reset are as follows:
  • Scenario 1: 5YR GOC Rate is set at 0.01%
  • Scenario 2: 5YR GOC Rate is set at 0.4%
  • Scenario 3: 5YR GOC Rate is set at 0.8%
  • Scenario 4: 5YR GOC Rate is set at 1.2%
  • Scenario 5: 5YR GOC Rate is set at 1.6%

For more information please review our video and/or post. Links available at the bottom of the page


Rank Preferreds - Compare Reset Scenarios

Last Updated: Market Data Jun-05 16:52, Model Metrics Jun-05 16:55
Credit RatingSymbolReset Date Y/M/DCurrent (Yield | Dividend)
5Yr @ 0.01%. Reset (Yield | Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.01%.
5Yr @ 0.01%. Blended (Yield | Dividend)5Yr @ 0.01%. Rate Increase (percent | to value )
5Yr @ 0.4%. Reset (Yield | Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.4%.
5Yr @ 0.4%. Blended (Yield | Dividend)5Yr @ 0.4%. Rate Increase (percent | to value )
5Yr @ 0.8%. Reset (Yield | Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.8%.
5Yr @ 0.8%. Blended (Yield | Dividend)5Yr @ 0.8%. Rate Increase (percent | to value )
5Yr @ 1.2%. Reset (Yield | Dividend)Scenario: 4 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.2%.
5Yr @ 1.2%. Blended (Yield | Dividend)5Yr @ 1.2%. Rate Increase (percent | to value )
5Yr @ 1.6%. Reset (Yield | Dividend)Scenario: 5 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.6%.
5Yr @ 1.6%. Blended (Yield | Dividend)5Yr @ 1.6%. Rate Increase (percent | to value )
Pfd3LALA-A ALA.PR.A 2020SEP3007.66% | $0.855.99% | $0.6605.99% | $0.66124% | 5.99%6.86% | $0.7606.86% | $0.76124% | 6.86%7.76% | $0.8607.75% | $0.86124% | 7.76%8.65% | $0.9608.65% | $0.96124% | 8.65%9.55% | $1.0709.59% | $1.07124% | 9.55%
Pfd3LALA-K ALA.PR.K 2022MAR3106.33% | $1.256.32% | $1.2506.32% | $1.25026% | 6.32%6.32% | $1.2506.32% | $1.25026% | 6.32%6.32% | $1.2506.32% | $1.25026% | 6.32%6.32% | $1.2506.32% | $1.25026% | 6.32%6.83% | $1.3506.67% | $1.32026% | 6.83%
Pfd3LALA-G ALA.PR.G 2024SEP3007.94% | $1.065.75% | $0.7607.50% | $1.00087% | 5.75%6.48% | $0.8607.64% | $1.02087% | 6.48%7.23% | $0.9607.79% | $1.04087% | 7.23%7.98% | $1.0707.95% | $1.06087% | 7.98%8.73% | $1.1708.10% | $1.08087% | 8.73%
Pfd3LALA-E ALA.PR.E 2023DEC3108.83% | $1.355.21% | $0.7907.56% | $1.15063% | 5.21%5.84% | $0.8907.79% | $1.19063% | 5.84%6.50% | $0.9908.02% | $1.22063% | 6.50%7.15% | $1.0908.24% | $1.25063% | 7.15%7.81% | $1.1908.47% | $1.29063% | 7.81%
Pfd3LALA-I ALA.PR.I 2020DEC3106.10% | $1.316.10% | $1.3106.09% | $1.31016% | 6.10%6.10% | $1.3106.09% | $1.31016% | 6.10%6.10% | $1.3106.09% | $1.31016% | 6.10%6.27% | $1.3506.26% | $1.34016% | 6.27%6.73% | $1.4506.71% | $1.44016% | 6.73%

AltaGas Preferreds – Prospectus Information

Prospectus Information for each of the AltaGas Preferreds is available in the links below. Going over the main parts of the prospectus will ensure you are looking at the right preferred.

  1. Series A:  ALA-A,  ALA.PR.A
  2. Series B:  ALA-B,  ALA.PR.B Conversion From Series A
  3. Series E:  ALA-E,  ALA.PR.E
  4. Series F:  ALA-F,  ALA.PR.F Conversion From Series E
  5. Series G:  ALA-G,  ALA.PR.G
  6. Series H:  ALA-H,  ALA.PR.H Conversion from Series G
  7. Series I:  ALA-I,  ALA.PR.I
  8. Series J:  ALA-J,  ALA.PR.J Conversion from Series I
  9. Series K:  ALA-K,  ALA.PR.K
  10. Series L:  ALA-L,  ALA.PR.L Conversion from Series K