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.

ALA.PR.I a minimum rate reset preferred was redeemed by AltaGas on December 31 2020.

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

Next Dividend Pay Date: 2024Dec30. Dividend Payment Schedule: 2024MAR31 , 2024JUN30 , 2024SEP30 , 2024DEC31

Next Ex-Dividend Date: 2025Mar14. Ex Dividend Date Schedule: 2025MAR14 , 2025JUN13 , 2025SEP13 , 2025DEC12

 

AltaGas Preferred share Credit Ratings

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

A.M. Best FITCH S&P DBRS S&P Global Moody's
BB+PFD-3H

AltaGas Common Share Metrics

Symbol: ALACurrency: CADMarket Cap: $9,700,837,615Price: $32.57
P/E: 19.64P/B: PriceDividend: $0.280Yield: 3.44%
Beta: 1.31

AltaGas Overall Preferred Share Metrics

I have reviewed the full set of AltaGas preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "AltaGas". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.


# of Preferred issues: 3Lowest Current Yield: ALA-A @ 3.79%Highest Current Yield: ALA-B @ 6.59%Average Current Yield: 5.61%
# of 5YR Reset issues: 25YR Reset Lowest Reset Yield: ALA-G @ 6.57%5YR Reset Highest Reset Yield: ALA-A @ 7.07%5YR Reset Average Reset Yield: 6.82%
Lowest Rate Change Percent: ALA-G @ 7.00%Highest Rate Change Percent: ALA-A @ 23.00%Average Rate Change Percent: 14.33%
Market Cap at Market Value: 323,951,362Market Cap at Face Value: 372,145,575Discount Amount: 48,194,213Discount Percent: 12.95%
Percent of Total Market Cap at Market Value: 0.60%Percent of Total Market Cap at Face Value: 0.59%



 
 

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

NOTE: Dividend dates are not fixed. The dates shown here are estimated and most likely a few days off. Do not make trades based on these dates. Always check with the issuer for the correct dates.


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend).
  4. Rate Change Percent. Reflects the effect or the current price on the issue rate of the preferred. Here you see the effective new rate of the share due to its drop or rise of its share value
  5. Rate Change To Value.
  6. New Spread Change.
  7. New Spread Value.
  8. Short Position. If there is a short position on the preferred this shows the size of the short position
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float.
  12. Market Cap In Bilions. The company Market Cap.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield.
(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:09
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
ALA-A ALA.PR.A CA0213612090 $20.20$20.20$16.055YR + 2.66%03.79% $0.7650AltaGas_Ltd._3.38%_Series_A
ALA-G ALA.PR.G CA0213618865 $23.25$24.58$21.305YR + 3.06%06.47% $1.5043AltaGas_Ltd._4.75%_Series_G
ALA-B ALA.PR.B CA0213613080 $22.00$23.02$18.553MTH FLOATING + 2.66%06.59% $1.45AltaGas_Ltd._cumulative_redeemable_floating_rate_preferred_shares_Series_B
 
 

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A limited number of rows is included with the full metrics. This is a sample only. See link at footer for information on subscription to the premium version


(EST: UTC-05:00)Last Updated: Market Data 2024-Dec-20 16:41, Model Metrics 2024-Dec-20 17:09
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
Yield To CallReset Date Y/M/DPay Div DateEx Div DateRate Change percentRate Change to valueNew Spread valueShort PositionAdditional FeaturesConverts ToYears To Double Initial InvestmentOutstanding FloatName
ALA-A ALA.PR.A CA0213612090 $20.20$20.20$16.055YR + 2.66%03.79% $0.765007.07% | $1.428506.41% $1.29 4@cy+16@ryN/A2025-09-302024-12-302025-03-14023%7.07%3.29%4,255 CumulativeALA-B18.636,746,679AltaGas_Ltd._3.38%_Series_A
ALA-G ALA.PR.G CA0213618865 $23.25$24.58$21.305YR + 3.06%06.47% $1.504306.57% | $1.528506.47% $1.50 20@cy+0@ry7.76%2029-09-302024-12-302025-03-14007%6.57%3.29%5,704 CumulativeALA-H11.066,885,823AltaGas_Ltd._4.75%_Series_G

Additional Information

Continue to Rank AltaGas Preferreds  page 2 of 4 where you can find

  1. What if “Yield Scenarios” for 5 year resets.
  2. Graph of all preferred share yields
  3. Propsectus Information