TSE:ALA AltaGas (ALA) Stock Price, News & Analysis C$35.43 +0.28 (+0.80%) (As of 05:27 PM ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades About AltaGas Stock (TSE:ALA) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get AltaGas alerts:Sign Up Key Stats Today's RangeC$35.12▼C$35.5550-Day RangeC$32.34▼C$35.4352-Week RangeC$24.67▼C$35.55Volume802,645 shsAverage Volume896,105 shsMarket CapitalizationC$10.54 billionP/E Ratio24.43Dividend Yield3.36%Price TargetC$37.90Consensus RatingBuy Company OverviewAltaGas 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. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.Read More… Retire off just one stock ticker? (Ad)ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT make you rich. However, there is one stock that stands head and shoulders above everything else. It's currently trading for only $15...Click here for the ticker >>> AltaGas Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks47th Percentile Overall ScoreALA MarketRank™: AltaGas scored higher than 47% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.5 / 5Analyst RatingBuy Consensus RatingAltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageAltaGas has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about AltaGas' stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings GrowthN/A Price to Earnings Ratio vs. the MarketThe P/E ratio of AltaGas is 24.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 24.43, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.03.Price to Earnings Growth RatioDue to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.Price to Book Value per Share RatioAltaGas has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about AltaGas' valuation and earnings. Short InterestN/AShort Interest LevelN/A Short InterestThere is no current short interest data available for ALA. Dividend1.7 / 5Dividend StrengthWeak Dividend LeadershipAltaGas is a leading dividend payer. It pays a dividend yield of 3.51%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAltaGas does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of AltaGas is 82.07%. Payout ratios above 75% are not desirable because they may not be sustainable.Read more about AltaGas' dividend. Sustainability and ESGN/AEnvironmental ScoreN/A Short InterestThere is no current short interest data available for ALA. News and Social Media3.1 / 5News Sentiment0.55 News SentimentAltaGas has a news sentiment score of 0.55. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for AltaGas this week, compared to 2 articles on an average week.Search Interest2 people have searched for ALA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows2 people have added AltaGas to their MarketBeat watchlist in the last 30 days. Company Ownership0.8 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, AltaGas insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$1,125,051.00 in company stock.Percentage Held by InsidersOnly 0.58% of the stock of AltaGas is held by insiders.Percentage Held by InstitutionsOnly 35.25% of the stock of AltaGas is held by institutions.Read more about AltaGas' insider trading history. Receive ALA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AltaGas and its competitors with MarketBeat's FREE daily newsletter. Email Address ALA Stock News HeadlinesInsider Selling: AltaGas Ltd. (TSE:ALA) Senior Officer Sells 3,000 Shares of StockSeptember 17, 2024 | insidertrades.comAltaGas Ltd. (TSE:ALA) Receives C$37.90 Average Price Target from AnalystsOctober 14 at 2:11 AM | americanbankingnews.comI've got news for you… Today, I’m doing something I thought I’d never do… Especially since I’m not normally a “swing for the fences” type of trader. But I’ve been quietly testing a new type of trade for a while now… And the returns are too good not to share with you. Take a look… I can’t guarantee results or against losses, but if you want to discover how I’ll target the triple return before the end of the weekOctober 17, 2024 | DTI (Ad)AltaGas (TSE:ALA) Stock Crosses Above 200-Day Moving Average - Time to Sell?October 11, 2024 | americanbankingnews.comALTAGAS TO ISSUE THIRD QUARTER 2024 RESULTSOctober 4, 2024 | finance.yahoo.comAltaGas Ltd. Pfd. Series GOctober 3, 2024 | wsj.comALTAGAS ANNOUNCES CONVERSION OF SERIES H SHARESSeptember 30, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trading Halt - ALA.PR.HSeptember 30, 2024 | finance.yahoo.comSee More Headlines ALA Stock Analysis - Frequently Asked Questions How have ALA shares performed this year? AltaGas' stock was trading at C$27.82 at the start of the year. Since then, ALA stock has increased by 27.4% and is now trading at C$35.43. View the best growth stocks for 2024 here. How were AltaGas' earnings last quarter? AltaGas Ltd. (TSE:ALA) released its earnings results on Thursday, August, 1st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.54 billion. AltaGas had a net margin of 3.58% and a trailing twelve-month return on equity of 5.78%. How do I buy shares of AltaGas? Shares of ALA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What other stocks do shareholders of AltaGas own? Based on aggregate information from My MarketBeat watchlists, some other companies that AltaGas investors own include Enbridge (ENB), Algonquin Power & Utilities (AQN), Toronto-Dominion Bank (TD), BCE (BCE), Bank of Nova Scotia (BNS), Pembina Pipeline (PPL) and Suncor Energy (SU). Company Calendar Last Earnings8/01/2024Ex-Dividend for 9/27 Dividend9/16/2024Dividend Payable9/27/2024Today10/17/2024Next Earnings (Confirmed)10/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas Midstream Sub-IndustryN/A Current SymbolTSE:ALA CUSIPN/A CIKN/A Webwww.altagas.ca Phone+1-403-6917575FaxN/AEmployees3,045Year FoundedN/APrice Target and Rating Average Stock Price TargetC$37.90 High Stock Price TargetC$40.00 Low Stock Price TargetC$34.00 Potential Upside/Downside+7.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.45 Trailing P/E Ratio24.43 Forward P/E Ratio15.40 P/E Growth-4.97Net IncomeC$429 million Net Margins3.58% Pretax MarginN/A Return on Equity5.78% Return on Assets2.69% Debt Debt-to-Equity Ratio115.50 Current Ratio0.85 Quick Ratio0.44 Sales & Book Value Annual SalesC$12.75 billion Price / Sales0.83 Cash FlowC$0.68 per share Price / Cash Flow52.24 Book ValueC$26.51 per share Price / Book1.34Miscellaneous Outstanding Shares297,410,000Free FloatN/AMarket CapC$10.54 billion OptionableNot Optionable Beta1.23 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report This page (TSE:ALA) was last updated on 10/17/2024 by MarketBeat.com Staff From Our PartnersTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT abou...Timothy Sykes | SponsoredRetire off just one stock ticker?ONE AI Stock is All You Need... There are over 6,000 stocks listed in the market right now. They will NOT m...Behind the Markets | SponsoredNvidia is Pivoting to Solve Big Tech’s $1 Trillion ProblemTaiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored Is Starlink Set For The Largest IPO In History?He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. 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