AltaGas Ltd. (TSE:ALA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$33.93 and traded as high as C$35.50. AltaGas shares last traded at C$35.45, with a volume of 2,005,167 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. CIBC increased their price target on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a report on Thursday, January 9th. Scotiabank increased their target price 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 investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, AltaGas currently has a consensus rating of "Moderate Buy" and a consensus target price of C$38.40.
View Our Latest Stock Analysis on AltaGas
AltaGas Stock Performance
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 company has a market capitalization of C$10.84 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The stock's fifty day simple moving average is C$34.28 and its 200-day simple moving average is C$33.99.
AltaGas Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.298 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date was Monday, December 16th. AltaGas's dividend payout ratio is presently 68.98%.
Insider Buying and Selling
In other AltaGas news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$33.90, for a total value of C$418,732.80. Also, Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the company's stock in a transaction dated Friday, December 13th. The stock was 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.
AltaGas Company Profile
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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.
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