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AltaGas ( (TSE:ALA) ) just unveiled an update.
AltaGas announced a six percent increase in its common share dividend and provided its 2026 guidance, highlighting an 8 percent growth in normalized EBITDA and a 6 percent growth in normalized EPS. The company plans a $1.6 billion capital program for 2026, with significant investments in utilities and midstream projects, aiming to enhance operational efficiency and expand its service offerings. AltaGas remains committed to maintaining a strong investment-grade balance sheet, with positive credit outlooks from Fitch and S&P, reflecting its stable utility cash flows and strategic growth initiatives.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$46.00 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 is driven by a positive earnings call and fair valuation, which are offset by mixed financial performance and bearish technical indicators. The company’s strategic investments and growth projects provide a positive outlook, but challenges in revenue and cash flow need to be addressed to improve financial health.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas Ltd. is a company operating in the energy sector, primarily focusing on utilities and midstream services. The company is involved in providing natural gas and related services, with a market focus on expanding its footprint and enhancing the safety and reliability of its utilities network.
Average Trading Volume: 902,694
Technical Sentiment Signal: Buy
Current Market Cap: C$12.98B
Learn more about ALA stock on TipRanks’ Stock Analysis page.