Topic: How To Invest

Power Growth Investor Hotline – Friday, December 9, 2022

Article Excerpt

ALTAGAS LTD., $24.50, is still a buy. The company (symbol ALA on Toronto) 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, 2022, cash flow per share rose 1.7%, to $0.60 from $0.59 a year earlier. Meanwhile, due to its strong 2023 outlook, AltaGas is raising its quarterly dividend by 5.7% with the March 2023 payment, to $0.28 a share from $0.265. The stock now yields 4.6%. AltaGas is a buy. AltaGas recent coverage: Hotline for November 4, 2022 Hotline for July 29, 2022 PAGERDUTY INC., $23.77, is a buy. The company (symbol PD on New York) operates a platform that collects real-time data from software systems and devices and then notifies…