Brokers Offer Predictions for AltaGas' Q2 Earnings (TSE:ALA)

AltaGas Ltd. (TSE:ALA - Free Report) - Atb Cap Markets lowered their Q2 2025 earnings per share estimates for shares of AltaGas in a research report issued on Thursday, May 1st. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.18 per share for the quarter, down from their prior 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 research analysts have also recently commented on the stock. National Bankshares lifted their price target on shares of AltaGas from C$41.00 to C$44.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. CIBC upped their target price on shares of AltaGas from C$42.00 to C$43.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Jefferies Financial Group lifted their price target on AltaGas from C$38.00 to C$40.00 in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price target on shares of AltaGas from C$40.00 to C$43.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their target price on AltaGas from C$39.00 to C$41.00 in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$41.33.

AltaGas Stock Down 2.2 %

Shares of TSE:ALA traded down C$0.84 during midday trading on Monday, hitting C$37.90. 228,265 shares of the company's stock were exchanged, compared to its average volume of 901,044. The company has a market cap of C$11.28 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The stock has a 50 day moving average price of C$38.64 and a 200-day moving average price of C$35.63. AltaGas has a 12 month low of C$29.67 and a 12 month high of C$40.98. The company has a debt-to-equity ratio of 135.26, a current ratio of 1.03 and a quick ratio of 0.44.

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

Insider Transactions at AltaGas

In other news, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total transaction of C$5,474,432.00. Also, Senior Officer Donald Mark Jenkins sold 1,800 shares of the stock in a transaction that occurred 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. In the last three months, insiders have sold 400,214 shares of company stock valued at $15,372,463. 0.58% of the stock is owned by corporate insiders.

AltaGas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.315 dividend. This is an increase from AltaGas's previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 3.32%. The ex-dividend date was Monday, March 17th. AltaGas's payout ratio is currently 68.98%.

About AltaGas

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.