Q2 Earnings Estimate for AltaGas Issued By Atb Cap Markets

AltaGas Ltd. (TSE:ALA - Free Report) - Stock analysts at Atb Cap Markets cut their Q2 2025 earnings per share estimates for shares of AltaGas in a research report issued to clients and investors on Thursday, May 1st. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas' Q4 2025 earnings at $0.83 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.87 EPS and FY2027 earnings at $2.66 EPS.

A number of other equities analysts have also recently issued reports on ALA. Scotiabank raised their target price on AltaGas from C$42.00 to C$45.00 and gave the stock an "outperform" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of AltaGas from C$40.00 to C$43.00 in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of AltaGas from C$39.00 to C$41.00 in a research report on Monday, April 21st. CIBC 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 report on Friday. Finally, National Bankshares lifted their target price on AltaGas from C$41.00 to C$44.00 and gave the stock an "outperform" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, AltaGas currently has an average rating of "Moderate Buy" and a consensus price target of C$41.33.

AltaGas Trading Down 0.6 %

AltaGas stock traded down C$0.25 during trading hours on Monday, reaching C$38.74. 1,411,085 shares of the company's stock traded hands, compared to its average volume of 909,066. The firm's 50 day moving average is C$38.43 and its 200-day moving average is C$35.55. AltaGas has a fifty-two week low of C$29.67 and a fifty-two week high of C$40.98. The firm has a market capitalization of C$11.53 billion, a price-to-earnings ratio of 22.45, a PEG ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.

AltaGas (TSE:ALA - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%.

Insider Activity at AltaGas

In related news, Director Peter James Ledig sold 13,361 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of C$40.04, for a total transaction of C$534,974.44. Also, Senior Officer James Harbilas sold 15,200 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$38.40, for a total value of C$583,680.00. Over the last three months, insiders sold 398,414 shares of company stock valued at $15,302,227. 0.58% of the stock is owned by corporate insiders.

AltaGas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.315 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase from AltaGas's previous quarterly dividend of $0.30. AltaGas's payout ratio is currently 68.98%.

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.