Altagas Ltd Pref Preferred Stock Today

ALA-PG Preferred Stock  CAD 22.88  0.03  0.13%   

Performance

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Odds Of Distress

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Altagas is trading at 22.88 as of the 23rd of November 2024, a 0.13 percent increase since the beginning of the trading day. The preferred stock's open price was 22.85. Altagas has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Altagas Ltd Pref are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. ALTAGAS LTD operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. The company has 270.52 M outstanding shares of which 138.3 K shares are presently shorted by private and institutional investors with about 4.97 days to cover all short positions. More on Altagas Ltd Pref

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Follow Valuation Odds of Bankruptcy
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Altagas Preferred Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Altagas' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Altagas or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentVernon Yu
Business ConcentrationEnergy, Oil, Gas & Consumable Fuels, Oil & Gas Midstream, Energy (View all Sectors)
Altagas Ltd Pref (ALA-PG) is traded on Toronto Exchange in Canada and employs 13 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Altagas's market, we take the total number of its shares issued and multiply it by Altagas's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Altagas Pref operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 270.52 M outstanding shares of which 138.3 K shares are presently shorted by private and institutional investors with about 4.97 days to cover all short positions. Altagas Ltd Pref has accumulated about 46.3 M in cash with 1.12 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.17.
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Ownership Allocation
Altagas holds a total of 270.52 Million outstanding shares. Almost 70.6 percent of Altagas outstanding shares are held by general public with 29.4 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Altagas Pref Risk Profiles

Although Altagas' alpha and beta are two of the key measurements used to evaluate Altagas' performance over the market, the standard measures of volatility play an important role as well.

Altagas Stock Against Markets

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Altagas Corporate Management

Elected by the shareholders, the Altagas' board of directors comprises two types of representatives: Altagas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altagas. The board's role is to monitor Altagas' management team and ensure that shareholders' interests are well served. Altagas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altagas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Other Information on Investing in Altagas Preferred Stock

Altagas financial ratios help investors to determine whether Altagas Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altagas with respect to the benefits of owning Altagas security.