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An update from AltaGas ( (TSE:ALA) ) is now available.
AltaGas Ltd., a company listed on the Toronto Stock Exchange, has announced its intention to redeem all outstanding Series A and Series B preferred shares by September 30, 2025. This redemption will involve a total payout of $200 million, with a final dividend payment scheduled for September 29, 2025. The move is part of AltaGas’s strategic financial management, potentially impacting its capital structure and shareholder value.
The most recent analyst rating on (TSE:ALA) stock is a Hold with a C$45.00 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 Outperform.
AltaGas’s overall stock score of 73 reflects a strong earnings call performance and positive technical indicators, which are the most significant factors. The company’s financial performance shows operational efficiency but is challenged by declining revenue and cash flow. The valuation is fair, supporting a stable investment outlook. Positive sentiment from strategic advancements and project progress further enhances the score.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
Average Trading Volume: 619,152
Technical Sentiment Signal: Buy
Current Market Cap: C$12.21B
Find detailed analytics on ALA stock on TipRanks’ Stock Analysis page.