Brokers Issue Forecasts for AltaGas Q1 Earnings

AltaGas Ltd. (TSE:ALA - Free Report) - Analysts at National Bank Financial issued their Q1 2025 EPS estimates for AltaGas in a note issued to investors on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the company will earn $1.12 per share for the quarter. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share. National Bank Financial also issued estimates for AltaGas' FY2025 earnings at $2.20 EPS.

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

Several other research firms also recently weighed in on ALA. JPMorgan Chase & Co. increased their price objective on AltaGas from C$39.00 to C$41.00 in a report on Monday, April 21st. CIBC raised their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an "outperform" rating in a research report on Thursday, January 9th. Finally, Scotiabank upped their target price on shares of AltaGas from C$40.00 to C$42.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$39.56.

AltaGas Stock Performance

Shares of TSE ALA traded up C$0.26 during trading hours on Thursday, reaching C$40.67. The stock had a trading volume of 196,569 shares, compared to its average volume of 893,408. The firm has a 50-day moving average of C$37.89 and a 200-day moving average of C$35.35. The firm has a market cap of C$12.11 billion, a price-to-earnings ratio of 23.57, a PEG ratio of -4.97 and a beta of 1.23. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. AltaGas has a fifty-two week low of C$29.51 and a fifty-two week high of C$40.93.

Insider Transactions at AltaGas

In other AltaGas news, Senior Officer Randy Warren Toone sold 92,000 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of C$39.19, for a total transaction of C$3,605,480.00. Also, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$38.00, for a total value of C$5,474,432.00. In the last three months, insiders sold 398,414 shares of company stock valued at $15,302,227. Corporate insiders own 0.58% of the company's stock.

AltaGas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.315 per share. This is a boost from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 17th. This represents a $1.26 annualized dividend and a yield of 3.10%. AltaGas's payout ratio is presently 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.