AltaGas Ltd. (TSE:ALA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$35.81 and last traded at C$35.71, with a volume of 60395 shares traded. The stock had previously closed at C$35.45.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on ALA shares. CIBC upped their price target on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Scotiabank upped their price target on shares of AltaGas from C$39.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$38.40.
Check Out Our Latest Research Report on AltaGas
AltaGas Stock Up 1.3 %
The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The firm has a market cap of C$10.69 billion, a P/E ratio of 20.81, a PEG ratio of -4.97 and a beta of 1.23. The company's 50 day simple moving average is C$34.19 and its 200-day simple moving average is C$33.95.
AltaGas Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend was Monday, December 16th. AltaGas's dividend payout ratio is currently 68.98%.
Insider Buying and Selling at AltaGas
In other AltaGas news, Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of AltaGas stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$32.97 per share, with a total value of C$250,549.20. Also, Senior Officer Donald Mark Jenkins sold 12,352 shares of the company's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$33.90, for a total transaction of C$418,732.80. Company insiders own 0.58% of the company's stock.
AltaGas Company Profile
(
Get Free Report)
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.
See Also
Before you consider AltaGas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AltaGas wasn't on the list.
While AltaGas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
