Peter James Ledig Sells 13,361 Shares of AltaGas Ltd. (TSE:ALA) Stock

AltaGas Ltd. (TSE:ALA - Get Free Report) Director Peter James Ledig sold 13,361 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of C$40.04, for a total value of C$534,974.44.

Peter James Ledig also recently made the following trade(s):

• On Tuesday, March 11th, Peter James Ledig sold 25,200 shares of AltaGas stock. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00.

AltaGas Trading Up 0.9 %

TSE:ALA traded up C$0.34 on Wednesday, reaching C$36.89. The company's stock had a trading volume of 333,388 shares, compared to its average volume of 922,416. 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 business's 50-day moving average price is C$36.45 and its two-hundred day moving average price is C$34.79. AltaGas Ltd. has a 1-year low of C$28.76 and a 1-year high of C$40.17. The firm has a market cap of C$10.98 billion, a PE ratio of 21.38, a PEG ratio of -4.97 and a beta of 1.23.

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 net margin of 4.04% and a return on equity of 6.36%. Equities research analysts anticipate that AltaGas Ltd. will post 2.3006093 earnings per share for the current fiscal year.

AltaGas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a $0.315 dividend. This is a boost from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 17th. This represents a $1.26 annualized dividend and a yield of 3.42%. AltaGas's payout ratio is presently 68.98%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank lifted their target price on shares of AltaGas from C$40.00 to C$42.00 in a report on Monday, March 10th. CIBC raised their price target on AltaGas from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a research 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$39.11.

About AltaGas

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.