(ALA) AltaGas - Ratings and Ratios

AltaGas Ltd. (TO:ALA) is a leading North American energy infrastructure company with a diversified portfolio spanning utilities and midstream operations. Its Utilities segment includes regulated natural gas distribution and storage utilities serving approximately 1.6 million customers across Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia. This segment also provides interstate natural gas transportation and storage services, enhancing its role in the regional energy supply chain. Additionally, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatts in California, further diversifying its energy offerings.

The Midstream segment focuses on natural gas gathering, processing, and extraction, with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and 1.2 Bcf/d of raw field gas processing capacity. It also engages in fractionation, liquids handling, and natural gas liquids marketing. AltaGas is a key player in LPG exports and distribution, supported by an extensive network of logistics, trucking, rail terminals, and liquid storage facilities. This integrated midstream platform positions the company as a critical link between upstream production and downstream markets.

Based on the provided and , here is a 3-month forecast: - Month 1: Expect price consolidation near the SMA 20 (38.80) and SMA 50 (37.23) levels, with ATR (0.86) indicating moderate volatility. - Month 2: Potential upside breakout above 39.75, driven by improving fundamentals such as a forward P/E of 17.83 and a P/B ratio of 1.41, which suggests undervaluation relative to book value. - Month 3: Price action likely to stabilize around the SMA 200 (34.09) as a long-term support level, with market cap (11,844.43M CAD) and P/S (0.95) indicating reasonable valuation metrics.