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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:
- Midstream, which serves customers primarily in the Western Canada Sedimentary Basin.
- 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.
- 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.
- ALA-C. Cumulative Redeemable 5,Year Rate Reset Preferred Shares, Series C.
- 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: 2020Dec31. Dividend Payment Schedule: 2021MAR31 , 2020JUN30 , 2020SEP30 , 2020DEC31
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 Corporate | S&P Preferreds | DBRS Long Term | DBRS Preferred's | S&P Global Corporate | S&P Global Preferreds | Moody's LongTerm | Fitch Long Term | Fitch Short Term | BBB | BBB(low) | Pfd-3L | BBB- | P-3 |
|---|
AltaGas Common Share Metrics
| Symbol: ALA | Currency: CAD | Market Cap: $5,231,350,608 | Price: $18.72 | P/E: 15.70 | P/B: 0.75 | Dividend: $0.240 | Yield: 5.13% | Beta: 1.09 |
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.
| Preferred issues: 5 | Lowest Current Yield: ALA-K @ 5.12% | Highest Current Yield: ALA-E @ 7.08% | Average Current Yield: 5.74% | 5 Year Reset issues: 4 | 5YR Reset Lowest Reset Yield: ALA-E @ 4.67% | 5YR Reset Highest Reset Yield: ALA-A @ 5.42% | 5YR Reset Average Reset Yield: 4.99% | Lowest Rate Increase Percent: ALA-K @ 2.00% | Highest Rate Increase Percent: ALA-B @ 88.00% | Average Rate Increase Percent: 47.20% | Market Cap at Market Value: 700,454,312 | Market Cap at Face Value: 900,000,000 | Discount Amount: 199,545,688 | Discount Percent: 22.17% | Percent of Total Market Cap at Market Value: 1.06% | Percent of Total Market Cap at Face Value: 1.12% |
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
| Symbol | Price | 52W High | 52W 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/D | Rate Increase percent | Rate Increase to value | New Spread Increase | New Spread value | Short Position | Additional Features | Years To Double Initial Investment | Outstanding Float | Name |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ALA-A ALA.PR.A CA0213612090 | $14.07 | $16.04 | $7.51 | 5YR + 2.66% | 05.44% | $0.77 | 05.42% | $0.76 | 05.46% | $0.76 | 2025SEP30 | 077% | 5.42% | 043% | 3.82% | 9,208 | Cumulative | 13.08 | 5,511,220 | AltaGas Ltd. 3.38% Series A |
| ALA-K ALA.PR.K CA0213618378 | $24.47 | $24.60 | $12.40 | 5YR MIN 5% + 3.80% | 05.12% | $1.25 | 05.10% | $1.25 | 05.10% | $1.25 | 2022MAR31 | 002% | 4.28% | 002% | 3.88% | 115,384 | Cumulative | 13.88 | 12,000,000 | AltaGas Ltd. 5% Series K |
| ALA-G ALA.PR.G CA0213618865 | $17.99 | $18.07 | $8.51 | 5YR + 3.06% | 05.89% | $1.06 | 04.80% | $0.86 | 05.55% | $1.0 | 2024SEP30 | 038% | 4.79% | 028% | 3.91% | 30,189 | Cumulative | 12.11 | 8,000,000 | AltaGas Ltd. 4.75% Series G |
| ALA-E ALA.PR.E CA0213618030 | $19.05 | $20.18 | $10.30 | 5YR + 3.17% | 07.08% | $1.35 | 04.67% | $0.89 | 06.00% | $1.14 | 2023DEC31 | 031% | 4.67% | 023% | 3.92% | 85,656 | Cumulative | 10.13 | 8,000,000 | AltaGas Ltd. 5% Series E |
| ALA-B ALA.PR.B CA0213613080 | $13.24 | $16.01 | $7.52 | 3MTH + 2.66% | 05.17% | $0.68 | 05.17% | $0.69 | N/A | FLOATING | 088% | 5.76% | 047% | 3.91% | 1,574 | Cumulative | N/A | 2,488,780 | AltaGas Ltd. cumulative redeemable floating rate preferred shares Series B |
Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates
- Scenario 1: 5YR GOC Rate is set at -0.5%
- Scenario 2: 5YR GOC Rate is set at 0.01%
- Scenario 3: 5YR GOC Rate is set at 0.4%
- Scenario 4: 5YR GOC Rate is set at 0.8%
- Scenario 5: 5YR GOC Rate is set at 1.2%
- Scenario 6: 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
| Credit Rating | Symbol | Reset Date Y/M/D | Fixed Rate Base | Current (Yield | Dividend) | 5Yr @ -0.5%. Reset (Yield | Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ -0.5%. | 5Yr @ -0.5%. Blended (Yield | Dividend) | 5Yr @ -0.5%. Rate Increase (percent | to value ) | 5Yr @ 0.01%. Reset (Yield | Dividend)Scenario: 2 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: 3 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: 4 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: 5 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: 6 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 ) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pfd3L | ALA-A ALA.PR.A CA0213612090 | 2025SEP30 | 5YR + 2.66% | 05.44% | $0.77 | 3.84% | $0.54 | 05.30% | $0.74 | 077% | 3.84% | 4.74% | $0.66 | 05.40% | $0.75 | 077% | 4.74% | 5.44% | $0.76 | 05.46% | $0.76 | 077% | 5.44% | 6.15% | $0.86 | 05.54% | $0.77 | 077% | 6.15% | 6.86% | $0.96 | 05.61% | $0.78 | 077% | 6.86% | 7.57% | $1.07 | 05.68% | $0.8 | 077% | 7.57% |
| Pfd3L | ALA-K ALA.PR.K CA0213618378 | 2022MAR31 | 5YR MIN 5% + 3.80% | 05.12% | $1.25 | 5.11% | $1.25 | 05.10% | $1.25 | 002% | 5.11% | 5.11% | $1.25 | 05.10% | $1.25 | 002% | 5.11% | 5.11% | $1.25 | 05.10% | $1.25 | 002% | 5.11% | 5.11% | $1.25 | 05.10% | $1.25 | 002% | 5.11% | 5.11% | $1.25 | 05.10% | $1.25 | 002% | 5.11% | 5.52% | $1.35 | 05.43% | $1.33 | 002% | 5.52% |
| Pfd3L | ALA-G ALA.PR.G CA0213618865 | 2024SEP30 | 5YR + 3.06% | 05.89% | $1.06 | 3.56% | $0.64 | 05.19% | $0.93 | 039% | 3.56% | 4.27% | $0.76 | 05.40% | $0.97 | 039% | 4.27% | 4.81% | $0.86 | 05.56% | $1.00 | 039% | 4.81% | 5.36% | $0.96 | 05.73% | $1.03 | 038% | 5.36% | 5.92% | $1.07 | 05.90% | $1.06 | 039% | 5.92% | 6.48% | $1.17 | 06.07% | $1.09 | 039% | 6.48% |
| Pfd3L | ALA-E ALA.PR.E CA0213618030 | 2023DEC31 | 5YR + 3.17% | 07.08% | $1.35 | 3.50% | $0.66 | 05.47% | $1.04 | 031% | 3.50% | 4.17% | $0.79 | 05.77% | $1.10 | 031% | 4.17% | 4.69% | $0.89 | 06.00% | $1.14 | 031% | 4.69% | 5.21% | $0.99 | 06.24% | $1.18 | 031% | 5.21% | 5.73% | $1.09 | 06.47% | $1.23 | 031% | 5.73% | 6.26% | $1.19 | 06.70% | $1.27 | 031% | 6.26% |
Current yields over time
The graph below shows the current yield of each AltaGas preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
- For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.
Reset yields over time
The graph below shows the projected reset yield of each AltaGas preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
- This is a what if scenario. If the preferred was to reset today this would be the new yield.
Altagas Preferreds Consolidated Short Position Report
Here is a set of graphs, one for each Altagas preferred share. The graph illustrates the progress of the short position over time. The data is updated once every two weeks.
Use the graph to identify possible trends across the full set of Altagas preferreds.
ALA.PR.A Short Position over time
The graph below shows the short position for ALA.PR.A preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.A is 5,511,220 and the latest short position is 4,255. Thus the current short position is 0.0800% of the outstanding float.
ALA.PR.E Short Position over time
The graph below shows the short position for ALA.PR.E preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.E is 8,000,000 and the latest short position is 288,568. Thus the current short position is 3.6100% of the outstanding float.
ALA.PR.I Short Position over time
The graph below shows the short position for ALA.PR.I preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.I is 0 and the latest short position is 0. Thus the current short position is N/A of the outstanding float.
ALA.PR.B Short Position over time
The graph below shows the short position for ALA.PR.B preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.B is 2,488,780 and the latest short position is 3,414. Thus the current short position is 0.1400% of the outstanding float.
ALA.PR.G Short Position over time
The graph below shows the short position for ALA.PR.G preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.G is 6,885,823 and the latest short position is 5,704. Thus the current short position is 0.0800% of the outstanding float.
ALA.PR.K Short Position over time
The graph below shows the short position for ALA.PR.K preferred share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA.PR.K is 0 and the latest short position is 0. Thus the current short position is N/A of the outstanding float.
AltaGas Common Stock Dividend Growth over time
In this section I present information to help you decide if buying the common instead of the preferred is a better choice. There are times in the market cycle when the yield offered by the common is greater than that of the preferred. In addition the dividend of the common is usually increased on a yearly basis while for the majority of the preferreds it remains fixed for life or the 5 year period. Of course other factors should also be taken into account when making the final decision.
AltaGas common shares are currenlty yielding 5.1200% and have a Compound Annual Growth Rate of 0.0001% based on historical data starting with year 2010 to the latest year 2020. Current quarterly dividend is $0.239. Unfortunately the dividend has been not been consistently increasing over the last 11 years.
Case A. Based on the 11 year Compound Annual Growth Rate of the AltaGas dividend I calculate the future dividend for the next 5 years to be $0.240, $0.240, $0.240, $0.240, $0.240. Assuming the Stock price remains the same $18.74 over the next 5 years, the corresponding yields will be 5.12273%, 5.12274%, 5.12274%, 5.12275%, 5.12275%. The average yield over the next 5 years is expected to be 5.12275% . Use this yield when comparing to the corresponding preferred yield.
Case B. Based on the last 10 year Compound Annual Growth Rate of 0.0001% for the AltaGas dividend I calculate the future dividend for the next 5 years to be $0.240, $0.240, $0.240, $0.240, $0.240. Assuming the Stock price remains the same $18.74 over the next 5 years, the corresponding yields will be 5.12273%, 5.12274%, 5.12274%, 5.12275%, 5.12275%. The average yield over the next 5 years is expected to be 5.12275% . Use this yield when comparing to the corresponding preferred yield.
Case C. Based on the last 5 year Compound Annual Growth Rate of 0.0001% for the AltaGas dividend I calculate the future dividend for the next 5 years to be $0.240, $0.240, $0.240, $0.240, $0.240. Assuming the Stock price remains the same $18.74 over the next 5 years, the corresponding yields will be 5.12273%, 5.12274%, 5.12274%, 5.12275%, 5.12275%. The average yield over the next 5 years is expected to be 5.12275% . Use this yield when comparing to the corresponding preferred yield.
You now have an additional metric. Compare the projected common share yields to the current and projected yields of the preferreds to see if a preferred or common is better for you.
The graph below shows the dividend growth of AltaGas common stock over time. Place the mouse cursor over the graph to reveal data (date, quarterly dividend amount).
ALA Common Stock Short Position over time
The graph below shows the short position for ALA common share over time. Place the mouse cursor over the graph to reveal data like (date, short position detail).Currently the outstanding float for ALA is 279,452,583 and the latest short position is 5,799,381. Thus the current short position is 2.0800% of the outstanding float.