TSE:ALA AltaGas (ALA) Stock Price, News & Analysis C$33.45 +0.35 (+1.06%) (As of 12/24/2024 01:21 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$32.97▼C$33.5950-Day RangeC$32.15▼C$35.7052-Week RangeC$26.91▼C$35.77Volume294,542 shsAverage Volume920,888 shsMarket CapitalizationC$9.95 billionP/E Ratio23.07Dividend Yield3.56%Price TargetC$38.10Consensus RatingModerate Buy 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… AltaGas Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks31st Percentile Overall ScoreALA MarketRank™: AltaGas scored higher than 31% 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 RatingModerate Buy Consensus RatingAltaGas has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageAltaGas has only been the subject of 4 research reports in the past 90 days.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 23.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.10.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 23.07, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 95.94.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 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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 Media0.6 / 5News SentimentN/A News Coverage This WeekMarketBeat has tracked 1 news article for AltaGas this week, compared to 2 articles on an average week.Search Interest3 people have searched for ALA on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingAcquiring Shares Insider Buying vs. Insider SellingIn the past three months, AltaGas insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$502,269.00 in company stock and sold C$0.00 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 HeadlinesAltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu Purchases 7,600 SharesDecember 14, 2024 | insidertrades.comAltaGas Provides Year-end Update on Global Exports Tolling and Commercial ContractingDecember 23 at 11:15 PM | stockhouse.comA brand new opportunity in the stock market revealedToday, I want to unlock a brand new opportunity in the stock market… One that has been able to pay out around 100% in 5 days or less so far on REAL money… It’s all thanks to a hidden force that drives some of the BIGGEST & most repetitive moves in stocks… I call it a Gamma Pocket…December 25, 2024 | DTI (Ad)This Dividend Stock is Set to Beat the TSX Again and AgainDecember 17, 2024 | msn.comALTAGAS ANNOUNCES 2025 GUIDANCE, SIX PERCENT DIVIDEND INCREASE, AND CONTINUED PROGRESS ON STRATEGIC PRIORITIESDecember 4, 2024 | finance.yahoo.comALTAGAS ANNOUNCES PRICING OF CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIESNovember 19, 2024 | finance.yahoo.comALTAGAS ANNOUNCES EXPIRATION OF CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIESNovember 19, 2024 | finance.yahoo.comAltaGas Announces Debt Tender Offer PricingNovember 19, 2024 | markets.businessinsider.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 beginning of the year. Since then, ALA stock has increased by 20.2% and is now trading at C$33.45. View the best growth stocks for 2024 here. How were AltaGas' earnings last quarter? AltaGas Ltd. (TSE:ALA) issued its earnings results on Thursday, July, 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm had revenue of $539 million for the quarter, compared to analysts' expectations of $633.11 million. AltaGas had a trailing twelve-month return on equity of 5.78% and a net margin of 3.58%. 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 Earnings7/27/2017Ex-Dividend for 9/27 Dividend9/16/2024Dividend Payable9/27/2024Ex-Dividend for 12/31 Dividend12/16/2024Today12/24/2024Dividend Payable12/31/2024Get 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$38.10 High Stock Price TargetC$40.00 Low Stock Price TargetC$34.00 Potential Upside/Downside+13.9%Consensus RatingModerate Buy Rating Score (0-4)2.90 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$1.45 Trailing P/E Ratio23.07 Forward P/E Ratio14.54 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 / Sales0.78 Cash FlowC$0.64 per share Price / Cash Flow52.24 Book ValueC$26.51 per share Price / Book1.26Miscellaneous Outstanding Shares297,410,000Free FloatN/AMarket CapC$9.95 billion OptionableNot Optionable Beta1.23 A Beginner's Guide to Investing in CannabisUnlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.Get This Free Report This page (TSE:ALA) was last updated on 12/25/2024 by MarketBeat.com Staff From Our PartnersAmazon coin set to soar 25X – starting December 16th?This tiny 3-cent crypto just partnered with one of the biggest companies in the world… Amazon. And one team...True Market Insiders | SponsoredDid You See Trump’s Bombshell Exec. Order 001?Biden broke it... Now Trump is going to fix it. Starting with "Exec. Order 001."Banyan Hill Publishing | Sponsored$2 Trillion Disappears Because of Fed's Secretive New Move$2 trillion has disappeared from the US government's books. 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