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AltaGas ( (TSE:ALA) ) has shared an announcement.
AltaGas Ltd. announced a $200 million offering of 5.375% Fixed-to-Fixed Rate Junior Subordinated Notes, Series 4, due in 2055. The proceeds from this offering will be used to redeem or repurchase existing preferred shares, enhancing the company’s financial structure and potentially impacting its market positioning positively.
The most recent analyst rating on (TSE:ALA) stock is a Hold with a C$44.00 price target. To see the full list of analyst forecasts on AltaGas stock, see the TSE:ALA Stock Forecast page.
Spark’s Take on TSE:ALA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALA is a Neutral.
AltaGas’s overall stock score reflects a balanced view of its financial performance, technical indicators, valuation, and earnings call insights. The strong earnings call performance and fair valuation are significant positives, while mixed financial performance and neutral technical indicators present challenges. The company’s strategic focus on growth and operational efficiency supports its long-term potential.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas Ltd. is a Canadian company operating in the energy infrastructure sector. It primarily focuses on natural gas distribution and processing, as well as power generation and utilities, serving markets across North America.
Average Trading Volume: 604,920
Technical Sentiment Signal: Buy
Current Market Cap: C$12.18B
See more insights into ALA stock on TipRanks’ Stock Analysis page.