AltaGas (ALA) has notable insider buying

AltaGas (T:ALA) has notable insider buying

AltaGas Ltd. (ALA) has a high amount of executive buying compared to its mid-cap peers over the past three months. Pentti Olavi Karkkainen, a Director, acquired 5,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $18.550 through the public market on March 9th, 2020. This represents a $92,750 investment into the company's shares and an account share holdings change of 50.0%.

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.