AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Randy Warren Toone sold 92,000 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of C$39.19, for a total transaction of C$3,605,480.00.
AltaGas Price Performance
TSE:ALA traded up C$0.98 during trading hours on Wednesday, reaching C$37.53. The stock had a trading volume of 1,274,264 shares, compared to its average volume of 936,666. The stock has a market capitalization of C$11.17 billion, a PE ratio of 21.75, a PEG ratio of -4.97 and a beta of 1.23. AltaGas Ltd. has a 52 week low of C$28.76 and a 52 week high of C$40.17. The company has a 50 day moving average price of C$36.45 and a two-hundred day moving average price of C$34.79. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.
AltaGas (TSE:ALA - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.76 earnings per share for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. As a group, sell-side analysts anticipate that AltaGas Ltd. will post 2.3006093 earnings per share for the current fiscal year.
AltaGas Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.36%. This is a positive change from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 17th. AltaGas's dividend payout ratio (DPR) is presently 68.98%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ALA. CIBC increased their price target on AltaGas from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Thursday, January 9th. Scotiabank lifted their target price on AltaGas from C$40.00 to C$42.00 in a research note on Monday, March 10th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$39.11.
Read Our Latest Analysis on AltaGas
AltaGas Company Profile
(
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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.
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