Here are two PGI buys for standout gains

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments that promise to brighten your prospects. Here are two buys that stand out this month: ALTAGAS LTD. $24.22 (Toronto symbol ALA; TSINetwork Rating: Extra Risk) (www.altagas.ca; Shares outstanding: 279.7 million; Market cap: $6.8 billion; Dividend yield: 4.1%) now has almost all of its assets in the U.S. That in part reflects its July 2018 purchase of Washington, D.C.-based utility WGL Holdings Inc. for $4 billion. AltaGas continues to sell off non-core operations to focus on its main businesses and to pay down debt. And now, it’s taking advantage of the recent strong results from its U.S. Transportation and Storage unit in the wake of significant weather-driven natural gas price volatility. The company has sold that U.S. Transportation and Storage business for $344 million. This unit was a smaller component of overall operations and included a number of natural gas transportation and storage contracts. Meanwhile,…