ALA-PE chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 44.99
Dividend & Yield1.35C$ (6.34%)
Beta 1.51
Market capitalization 6.48B
Operating cash flow 1.26B
ESG Scores unknown

Company description

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 578 MW of power in California and Colorado. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

Sector: Utilities - Industry: Utilities—Regulated Gas

Financial Ratios
Quick Ratio0.69
Working Capital-8.58
Return On Equity0.05
Debt To Equity1.31
Fixed Asset Ratio0.01
Fixed Interest Cover3.73

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 237.9M -280M -41M 92M
Total Cashflows From Investing Activities -6.69B 2.18B -1.21B -483M
Net Borrowings 2.92B -2.61B 940M 128M
Total Cash From Financing Activities 6.85B -2.87B 392M -245M
Change To Operating Activities -96.7M -118M -215M -64M
Issuance Of Stock 3.49B 69M 7M 14M
Net Income -435.1M 833M 552M 283M
Change In Cash 157.4M -79M -48M 10M
Effect Of Exchange Rate 7.3M -9M -2M
Total Cash From Operating Activities -78.6M 616M 773M 738M
Depreciation 406.3M 447M 431M 441M
Change To Account Receivables -526.9M 168M 21M -206M
Other Cashflows From Financing Activities 974.6M 35M -21M -31M
Change To Netincome 407M -444M -15M 419M
Capital Expenditures -990.4M -1.3B -825M -805M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax -716.9M 812M 699M 446M
Net Income -435.1M 833M 552M 283M
Selling General Administrative 865.1M 1.27B 1.21B 1.41B
Gross Profit 1.8B 2.27B 2.41B 2.87B
Ebit 531.4M 553M 781M 1.03B
Operating Income 531.4M 553M 781M 1.03B
Interest Expense -309M -346M -274M -275M
Income Tax Expense -263.2M -28M 127M 106M
Total Revenue 4.26B 5.5B 5.59B 10.57B
Cost Of Revenue 2.46B 3.23B 3.18B 7.71B
Total Other Income ExpenseNet -1.25B 259M -82M -580M
Net Income From Continuing Ops -453.7M 840M 572M 340M
Net Income Applicable To Common Shares -501.7M 769M 486M 230M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 15.85B 12.43B 13.87B 13.99B
Total Stockholder Equity 5.7B 5.94B 5.96B 5.87B
Other Current Liabilities 525.8M 398M 341M 349M
Total Assets 23.49B 19.8B 21.53B 21.59B
Common Stock 6.65B 6.72B 6.72B 6.74B
Other Current Assets 1.7B 156M 160M 172M
Retained Earnings -1.91B -1.4B -1.19B -1.24B
Treasury Stock 579M 245M 50M -7M
Cash 101.6M 57M 32M 63M
Total Current Liabilities 4.1B 3.12B 2.61B 2.66B
Other Stockholder Equity 579M 245M 50M -7M
Property, Plant, and Equipment 10.93B 10.29B 11.26B 11.63B
Total Current Assets 4.03B 2.2B 2.5B 2.62B
Net Tangible Assets 920.7M 1.4B 374M 532M
Net Receivables 1.59B 1.28B 1.47B 1.44B
Accounts Payable 1.45B 1.29B 1.55B 1.53B


Insider Transactions

Here are the insider transactions of stock shares related to ALA-PE:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ALA-PE. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ALA-PE

Here is the result of two systematic investment strategies applied to ALA-PE. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ALA-PE

The following chart shows the equity curve of the two systematic investment strategies applied to ALA-PE:

ALA-PE automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -3.91% on the backtest period.

Performance at glance

Performance

-3.91 %

Latent gain

-29.16 C$

Invested capital

745.26 C$

Annualized return

-3.05 %
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Momentum strategy results on ALA-PE

This is the result of two momentum investment strategies applied to ALA-PE. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ALA-PE

The following chart shows all the entries opened by the momentum investment system on ALA-PE:

ALA-PE momentum entries
  • The first momentum investment strategy would give -7.66% of return on ALA-PE. That represents -153.4C$ of latent gain with 2001.4C$ of employed capital.
  • The second momentum investment strategy would give -8.29% of return on ALA-PE. That represents -104.4C$ of latent gain with 1259.4C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-7.66 %

Latent gain

-153.4 C$

Invested capital

2001.4 C$

Annualized return

-0.0 %
Performance at glance (2Q Momentum)

Performance

-8.29 %

Latent gain

-104.4 C$

Invested capital

1259.4 C$

Annualized return

-10.36 %

Momentum equity curve on ALA-PE

The following chart shows the equity curve of the two momentum strategies applied to ALA-PE:

ALA-PE momentum equity

Note: the dividends potentially given by ALA-PE are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ALA-PE

The following chart shows the employed capital evolution of the two momentum strategies on ALA-PE since the beginning:

ALA-PE

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on ALA-PE

Buy the dip entry openings on ALA-PE

ALA-PE

The performance achieved by the robo-advisor on ALA-PE is 0%. That represents 0.0$ of latent gain with 0.0C$ of employed capital. The following chart shows ALA-PE stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ALA-PE, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 C$

Invested capital

0.0 C$

Annualized return

-0.0 %

Equity curve of the strategy applied to ALA-PE

The following chart shows the result of the investment strategy applied to ALA-PE:

ALA-PE

Note: the dividends potentially given by ALA-PE are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ALA-PE

The following chart shows the employed capital evolution since the beginning of the investment strategy on ALA-PE:

ALA-PE

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ALA-PE

In this section, I will compare the three previous investment strategies applied to ALA-PE.

Equity curve comparison on ALA-PE

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ALA-PE investment strategy comparison

Employed capital comparison on ALA-PE

ALA-PE investment comparison

Performance comparison on ALA-PE

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -3.91% -29.16C$ 745.26C$ -3.05%
Momentum 1 quarter -7.66% -153.4C$ 2001.4C$ -7.37%
Momentum 2 quarters -8.29% -104.4C$ 1259.4C$ -10.36%
Non-directional 0% 0.0C$ 0.0C$ -0.0%
Annualized return comparison

Automatic investment

-3.05 %

Momentum 1Q

-10.36 %

Momentum 2Q

-10.36 %

Non-directional

-0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ALA-PE:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between ALA-PE and the other stocks. There may be false positives or some missing correlated stocks. If the price of ALA-PE does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name ALA-PE
Country Canada
City Calgary
Address 355 - 4th Avenue SW
Phone
Website www.altagas.ca
FullTime employees 2926
Industry Utilities—Regulated Gas
Sector Utilities
Exchange XTSE
Ticker ALA-PE.XTSE
Market

ALA-PE ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown