#1 picks to power your 2022 gains

Article Excerpt

With the start of a new year, we have singled out three growth stocks with exceptionally strong prospects for 2022. Each of the three has successfully weathered the pandemic so far and is poised for further gains as the global economy continues its recovery. ALTAGAS LTD., $26.88, is a #1 Power Buy for 2022. The utility (Toronto symbol ALA; TSINetwork Rating: Extra Risk)(www.altagas.ca; Shares o/s: 280.2 million; Market cap: $7.5 billion; Dividend yield: 3.9%) processes, transports, stores and markets natural gas for producers. It also operates natural gas utilities and is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants. Almost all of AltaGas’ assets are now in the U.S. That in part reflects its July 2018 purchase of Washington, D.C.-based utility WGL Holdings Inc. for $4 billion. For the quarter ended September 30, 2021, AltaGas’s cash flow per share jumped 52.5%, to $0.61 from $0.40. The gain resulted from improved performance across all the company’s operations, as well as an increased contribution from its Petrogas holding. In…