AltaGas Ltd. (TSE:ALA - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$32.97 and traded as high as C$33.66. AltaGas shares last traded at C$33.48, with a volume of 381,382 shares changing hands.
Analyst Ratings Changes
A number of research analysts have commented on the stock. JPMorgan Chase & Co. cut shares of AltaGas from an "overweight" rating to a "neutral" rating and upped their target price for the company from C$36.00 to C$37.00 in a research report on Wednesday, October 23rd. BMO Capital Markets upped their price objective on shares of AltaGas from C$37.00 to C$40.00 in a report on Thursday, September 5th. Jefferies Financial Group boosted their target price on AltaGas from C$37.00 to C$39.00 and gave the company a "buy" rating in a research report on Monday, September 30th. Royal Bank of Canada raised their price target on AltaGas from C$37.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Finally, ATB Capital set a C$36.00 price objective on AltaGas and gave the company an "outperform" rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, AltaGas has an average rating of "Moderate Buy" and a consensus target price of C$38.10.
View Our Latest Analysis on AltaGas
AltaGas Trading Down 0.1 %
The company has a current ratio of 0.85, a quick ratio of 0.44 and a debt-to-equity ratio of 115.50. The company has a market cap of C$9.95 billion, a PE ratio of 23.06, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a fifty day simple moving average of C$33.67 and a two-hundred day simple moving average of C$32.99.
AltaGas Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 3.56%. The ex-dividend date was Monday, December 16th. AltaGas's dividend payout ratio (DPR) is presently 82.07%.
Insider Buying and Selling at AltaGas
In other AltaGas news, Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of C$32.97 per share, for a total transaction of C$250,549.20. Insiders own 0.58% of the company's stock.
About AltaGas
(
Get Free Report)
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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