AltaGas Ltd. (TSE:ALA) Senior Officer James Harbilas Sells 15,200 Shares

AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer James Harbilas sold 15,200 shares of the stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$38.40, for a total value of C$583,680.00.

AltaGas Trading Up 0.6 %

ALA traded up C$0.24 on Friday, hitting C$38.91. The company had a trading volume of 141,871 shares, compared to its average volume of 897,542. AltaGas Ltd. has a 1 year low of C$28.76 and a 1 year high of C$39.28. The firm has a market cap of C$11.58 billion, a P/E ratio of 22.55, a PEG ratio of -4.97 and a beta of 1.23. The company's fifty day moving average price is C$35.77 and its 200 day moving average price is C$34.54. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26.

AltaGas (TSE:ALA - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.76 earnings per share for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. As a group, equities analysts expect that AltaGas Ltd. will post 2.3006093 earnings per share for the current year.

AltaGas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Monday, March 17th. This is an increase from AltaGas's previous quarterly dividend of $0.30. AltaGas's payout ratio is currently 68.98%.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on ALA shares. Scotiabank increased their target price on shares of AltaGas from C$40.00 to C$42.00 in a research report on Monday, March 10th. CIBC increased their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$39.11.

AltaGas Company Profile

AltaGas 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.