What is Scotiabank's Estimate for AltaGas FY2025 Earnings?

AltaGas Ltd. (TSE:ALA - Free Report) - Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of AltaGas in a report issued on Wednesday, March 19th. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.22 per share for the year, down from their previous estimate of $2.24. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas' FY2026 earnings at $2.49 EPS.

AltaGas (TSE:ALA - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%.

Separately, 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 research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$39.11.

AltaGas Price Performance

Shares of TSE ALA traded down C$0.31 during mid-day trading on Monday, reaching C$38.67. The company's stock had a trading volume of 932,344 shares, compared to its average volume of 910,375. The stock has a 50-day moving average of C$35.68 and a two-hundred day moving average of C$34.50. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. The stock has a market capitalization of C$11.51 billion, a P/E ratio of 22.41, a P/E/G ratio of -4.97 and a beta of 1.23. AltaGas has a 1-year low of C$28.76 and a 1-year high of C$39.28.

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AltaGas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.26%. This is an increase from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, March 17th. AltaGas's payout ratio is 68.98%.

Insider Transactions at AltaGas

In other news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the 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. Also, Director Peter James Ledig sold 25,200 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00. In the last three months, insiders have sold 305,405 shares of company stock worth $11,580,506. 0.58% of the stock is currently owned by insiders.

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.