AltaGas Ltd. (TSE:ALA - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.06 and traded as high as C$39.23. AltaGas shares last traded at C$39.20, with a volume of 540,594 shares changing hands.
Analysts Set New Price Targets
A number of research firms have weighed in on ALA. Royal Bank Of Canada upped their target price on AltaGas from C$40.00 to C$43.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Veritas raised AltaGas to a "strong sell" rating in a research report on Friday, May 2nd. Jefferies Financial Group boosted their price target on AltaGas from C$38.00 to C$40.00 in a research report on Wednesday, April 30th. TD Securities raised AltaGas to a "strong-buy" rating and set a C$45.00 price objective for the company in a research report on Friday, June 27th. Finally, BMO Capital Markets lifted their price objective on AltaGas from C$40.00 to C$43.00 in a research note on Friday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$41.70.
Read Our Latest Report on ALA
AltaGas Trading Up 0.4%
The stock has a fifty day simple moving average of C$38.36 and a 200 day simple moving average of C$37.06. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. The firm has a market cap of C$11.67 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23.
AltaGas Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Monday, June 16th. AltaGas's dividend payout ratio (DPR) is 68.98%.
Insider Transactions at AltaGas
In other news, Senior Officer Donald Mark Jenkins sold 1,800 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$39.02, for a total transaction of C$70,236.00. Corporate insiders own 0.58% of the company's stock.
AltaGas Company Profile
(
Get Free Report)
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.
See Also
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