Q: in my non reg account I seek growth and income over the next 3 years which do you prefer between between KEY and ALA and your reasons why thanks Richard
5i Research Answer:
While each investor has unique risk preferences, for an investor focused on growth and income over three years, we would prefer ALA over KEY - but both are decent names and the decision is close.
ALA's edge comes from its business mix and growth visibility. AltaGas guided for roughly 8% EBITDA growth and 6% EPS growth in 2026, and backed that with a 6% dividend increase. We feel the combination of regulated US utilities - which provide stable, rate-case-driven earnings - and its midstream LPG export business gives ALA a more diversified and durable earnings base than KEY.