National Bank Financial Weighs in on AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA - Free Report) - Equities researchers at National Bank Financial increased their FY2026 earnings estimates for shares of AltaGas in a report issued on Sunday, March 9th. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $2.49 per share for the year, up from their previous forecast of $2.48. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share.

ALA has been the subject of a number of other research reports. Scotiabank increased their target price on shares of AltaGas from C$40.00 to C$42.00 in a research report on Monday, March 10th. CIBC increased their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$39.11.

AltaGas Stock Down 0.7 %

Shares of ALA traded down C$0.27 during mid-day trading on Wednesday, hitting C$38.03. The company's stock had a trading volume of 938,640 shares, compared to its average volume of 891,926. The company's 50-day moving average is C$34.96 and its 200-day moving average is C$34.25. AltaGas has a 52-week low of C$28.76 and a 52-week high of C$38.61. The firm has a market capitalization of C$11.32 billion, a price-to-earnings ratio of 22.04, a PEG ratio of -4.97 and a beta of 1.23. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26.

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

AltaGas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a $0.315 dividend. 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 3.31%. This is a boost from AltaGas's previous quarterly dividend of $0.30. AltaGas's dividend payout ratio (DPR) is currently 68.98%.

Insiders Place Their Bets

In related news, Director Peter James Ledig sold 25,200 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$38.35, for a total transaction of C$966,420.00. Also, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$38.00, for a total transaction of C$5,474,432.00. Over the last quarter, insiders sold 181,616 shares of company stock valued at $6,859,585. Insiders own 0.58% of the company's stock.

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.