Updating AltaGas, AltaGas Canada, and Uni-Select

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ALTAGAS LTD. $16 (Toronto symbol ALA; Shares outstanding: 270.5 million; Market cap: $4.3 billion; Dividend yield: 13.9%; Takeover Target Rating: Medium; www.altagas.com) processes, transports, stores and markets natural gas for producers. The company also operates natural gas utilities; and it is a power generator, with gas-fired, coal-fired, wind, biomass and hydroelectric plants. The company recently bundled some of its Canadian utility and renewable energy assets into a separate company called ALTAGAS CANADA INC. $15 (Toronto symbol ACI; Shares outstanding: 27.5 million; Market cap: $412.5 million; Dividend yield: 4.8%; Takeover Target Rating: Medium; www.altagascanada.ca). On October 25, 2018, AltaGas sold 16.5 million shares of this new company to the public at $14.50 a share. It has held onto 45% of AltaGas Canada’s shares. The cash from the share offering will help AltaGas pay down debt it took on with its $8.4 billion purchase of Washington, D.C.-based utility WGL Holdings. It completed that purchase in July 2018. AltaGas and AltaGas Canada are okay to hold. UNI-SELECT INC. $22 (Toronto symbol UNS; Consumer sector;…