AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of the stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of C$32.97 per share, for a total transaction of C$250,549.20.
Vernon Dai-Chung Yu also recently made the following trade(s):
- On Monday, November 4th, Vernon Dai-Chung Yu acquired 7,600 shares of AltaGas stock. The shares were acquired at an average price of C$33.12 per share, with a total value of C$251,719.60.
AltaGas Stock Performance
Shares of TSE:ALA traded up C$0.10 during trading on Friday, hitting C$32.83. 2,862,971 shares of the stock traded hands, compared to its average volume of 901,125. The company has a quick ratio of 0.44, a current ratio of 0.85 and a debt-to-equity ratio of 115.50. The company has a fifty day moving average price of C$34.02 and a two-hundred day moving average price of C$32.74. AltaGas Ltd. has a 52-week low of C$26.87 and a 52-week high of C$35.77. The company has a market cap of C$9.76 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of -4.97 and a beta of 1.23.
AltaGas Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.298 per share. The ex-dividend date is Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.63%. AltaGas's dividend payout ratio is currently 82.07%.
Analyst Ratings Changes
ALA has been the topic of several recent analyst reports. National Bankshares upped their target price on AltaGas from C$36.00 to C$39.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Jefferies Financial Group upped their price objective on shares of AltaGas from C$37.00 to C$39.00 and gave the company a "buy" rating in a report on Monday, September 30th. JPMorgan Chase & Co. cut shares of AltaGas from an "overweight" rating to a "neutral" rating and lifted their target price for the stock from C$36.00 to C$37.00 in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price target on shares of AltaGas from C$37.00 to C$40.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Finally, ATB Capital set a C$36.00 price target on shares of AltaGas and gave the stock an "outperform" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$38.10.
Check Out Our Latest Stock Report on ALA
About AltaGas
(
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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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