AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu Buys 7,600 Shares

AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the business's stock in a transaction dated Monday, November 4th. The shares were bought at an average cost of C$33.12 per share, for a total transaction of C$251,719.60.

AltaGas Stock Performance

ALA traded down C$0.06 during trading on Tuesday, hitting C$33.12. 641,882 shares of the company traded hands, compared to its average volume of 892,187. AltaGas Ltd. has a one year low of C$26.10 and a one year high of C$35.77. The stock's fifty day moving average is C$34.07 and its 200 day moving average is C$32.01. 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 firm has a market cap of C$9.85 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23.

AltaGas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.298 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.19 annualized dividend and a yield of 3.60%. AltaGas's payout ratio is 82.07%.

Analyst Upgrades and Downgrades

ALA has been the topic of a number of recent research reports. National Bankshares increased their target price on AltaGas from C$36.00 to C$39.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. ATB Capital set a C$36.00 price objective on shares of AltaGas and gave the company an "outperform" rating in a research note on Tuesday, September 24th. Royal Bank of Canada boosted their target price on shares of AltaGas from C$37.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. Scotiabank raised their price target on shares of AltaGas from C$38.00 to C$39.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered AltaGas from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from C$36.00 to C$37.00 in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, AltaGas presently has an average rating of "Moderate Buy" and a consensus target price of C$38.10.

About AltaGas

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.