AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Corine Renae Knight Bushfield sold 108,589 shares of the company's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of C$38.10, for a total transaction of C$4,137,240.90.
Corine Renae Knight Bushfield also recently made the following trade(s):
- On Wednesday, March 12th, Corine Renae Knight Bushfield sold 144,064 shares of AltaGas stock. The stock was sold at an average price of C$38.00, for a total transaction of C$5,474,432.00.
AltaGas Stock Performance
ALA traded up C$0.07 during midday trading on Friday, hitting C$38.44. 180,109 shares of the company traded hands, compared to its average volume of 904,088. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The firm has a market capitalization of C$11.44 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company's 50-day moving average is C$35.28 and its 200 day moving average is C$34.36. AltaGas Ltd. has a 52 week low of C$28.76 and a 52 week high of C$38.61.
AltaGas (TSE:ALA - Get Free Report) last posted its earnings results on Friday, March 7th. The company reported C$0.76 earnings per share (EPS) for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. On average, research analysts expect that AltaGas Ltd. will post 2.3006093 EPS for the current year.
AltaGas Increases Dividend
The firm 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 is an increase from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.28%. AltaGas's dividend payout ratio (DPR) is presently 68.98%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the stock. Scotiabank upped their price target on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday, March 10th. 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$39.11.
Check Out Our Latest Research Report on AltaGas
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.
Featured Stories
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.
