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 large-cap peers over the past three months. Allan Leslie Edgeworth, a Director, acquired 3,000 Common Shares on a direct ownership basis at prices ranging from $18.630 and $18.840 through the public market on December 16th, 2020. This represents a $56,160 investment into the company's shares and an account share holdings change of 7.2%.

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.