Shares of AltaGas Ltd. (TSE:ALA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$38.19 and traded as high as C$41.94. AltaGas shares last traded at C$41.91, with a volume of 356,897 shares traded.
Analyst Ratings Changes
Several research firms have issued reports on ALA. Veritas upgraded shares of AltaGas to a "strong sell" rating in a research note on Friday, May 2nd. TD Securities upped their price objective on shares of AltaGas from C$45.00 to C$48.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. National Bankshares upped their price objective on shares of AltaGas from C$44.00 to C$45.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on shares of AltaGas from C$43.00 to C$44.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, ATB Capital upped their price objective on shares of AltaGas from C$42.00 to C$43.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$44.33.
Check Out Our Latest Research Report on ALA
AltaGas Stock Performance
The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The stock has a fifty day moving average of C$39.66 and a 200-day moving average of C$38.19. The stock has a market cap of C$12.48 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23.
AltaGas Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 16th will be issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.0%. AltaGas's dividend payout ratio is currently 68.98%.
About AltaGas
(
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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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