National Bank Financial Predicts AltaGas Q2 Earnings

AltaGas Ltd. (TSE:ALA - Free Report) - Analysts at National Bank Financial issued their Q2 2025 EPS estimates for shares of AltaGas in a research report issued to clients and investors on Monday, July 21st. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.23 per share for the quarter. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share.

ALA has been the topic of several other reports. Royal Bank Of Canada boosted their price objective on shares of AltaGas from C$40.00 to C$43.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. TD Securities raised shares of AltaGas to a "strong-buy" rating and set a C$45.00 price objective for the company in a research note on Friday, June 27th. National Bankshares increased their target price on shares of AltaGas from C$41.00 to C$44.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Jefferies Financial Group increased their target price on shares of AltaGas from C$40.00 to C$46.00 in a research report on Wednesday. Finally, Scotiabank increased their price objective on shares of AltaGas from C$42.00 to C$45.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$42.30.

AltaGas Price Performance

Shares of AltaGas stock traded down C$0.04 on Wednesday, hitting C$40.22. The company's stock had a trading volume of 383,401 shares, compared to its average volume of 815,708. AltaGas has a 52-week low of C$31.67 and a 52-week high of C$41.13. 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 firm has a fifty day moving average price of C$38.81 and a 200-day moving average price of C$37.53. The company has a market capitalization of C$11.97 billion, a P/E ratio of 23.31, 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 was paid on Monday, June 30th. Investors of record on Monday, June 30th were paid a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Monday, June 16th. AltaGas's dividend payout ratio (DPR) is presently 68.98%.

Insider Transactions at AltaGas

In related news, Senior Officer Donald Mark Jenkins sold 1,800 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$39.02, for a total transaction of C$70,236.00. 0.58% of the stock is owned by company insiders.

AltaGas Company Profile

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.