Shares of AltaGas Ltd. (TSE:ALA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$39.11.
A number of analysts recently commented on the stock. Scotiabank lifted their target price on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday. CIBC lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th.
Read Our Latest Report on AltaGas
AltaGas Stock Performance
ALA stock traded down C$0.19 during trading on Monday, reaching C$38.17. The company had a trading volume of 1,662,871 shares, compared to its average volume of 889,757. The firm has a 50-day simple moving average of C$34.77 and a 200-day simple moving average of C$34.18. The company has a market cap of C$11.36 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. AltaGas has a twelve month low of C$28.63 and a twelve month high of C$38.61.
AltaGas (TSE:ALA - Get Free Report) last released its earnings results on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. As a group, sell-side analysts expect that AltaGas will post 2.3006093 earnings per share for the current year.
AltaGas Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Monday, December 16th. AltaGas's dividend payout ratio (DPR) is 68.98%.
Insider Activity
In related news, Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of the business's stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of C$32.97 per share, with a total value of C$250,549.20. Also, Director Peter James Ledig sold 25,200 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00. Insiders own 0.58% of the company's stock.
AltaGas Company Profile
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Get Free ReportAltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.
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