Altagas traded at 55.15 this Monday June 15th, decreasing 0.05 or 0.09 percent since the previous trading session. Looking back, over the last four weeks, Altagas lost 2.38 percent. Over the last 12 months, its price rose by 43.73 percent. Looking ahead, we forecast Altagas to be priced at 54.00 by the end of this quarter and at 50.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
AltaGas Ltd is a Canada-based diversified energy infrastructure company. It operates through three segments: Midstream Power and Utilities. Its Midstream transacts more than 1.5 billion cubic feet per day (Bcf/d) of natural gas. Its Midstream business includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. Its Power segment is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Michigan, and North Carolina. Its Power segment includes 695 megawatt (MW) of operational gross power generation capacity from gas-fired, solar, biomass, and energy storage. The Utilities segment serves customers through ownership of regulated natural gas distribution utilities. The Utilities business also includes storage facilities and contracts to interstate natural gas transportation and storage services.