Atb Cap Markets Has Negative Outlook for AltaGas Q2 Earnings

Key Points

• Atb Cap Markets has reduced its Q2 2026 earnings estimate for AltaGas to $0.15 per share, down from $0.18, while the full-year earnings consensus is projected at $2.30 per share.
• Multiple analysts have raised their price targets for AltaGas, with the average target now at C$44.33 and a prevailing rating of "Moderate Buy."
• AltaGas will pay a quarterly dividend of $0.315 per share on September 29, 2023, translating to an annualized yield of 3.1%.

AltaGas Ltd. (TSE:ALA - Free Report) - Investment analysts at Atb Cap Markets lowered their Q2 2026 earnings per share estimates for AltaGas in a research report issued to clients and investors on Monday, August 4th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their previous forecast of $0.18. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas' Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $2.72 EPS.

Several other research firms also recently weighed in on ALA. ATB Capital lifted 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 Tuesday. TD Securities lifted their price objective on shares of AltaGas from C$45.00 to C$48.00 and gave the company a "buy" rating in a research note on Tuesday. Jefferies Financial Group raised their price target on AltaGas from C$40.00 to C$46.00 in a report on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price objective on AltaGas from C$39.00 to C$41.00 in a research note on Monday, April 21st. Finally, Veritas upgraded AltaGas to a "strong sell" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$44.33.

AltaGas Stock Performance

AltaGas stock traded up C$0.24 during midday trading on Wednesday, reaching C$41.54. The stock had a trading volume of 26,904 shares, compared to its average volume of 799,722. The firm has a market capitalization of C$12.37 billion, a PE ratio of 24.08, a P/E/G ratio of -4.97 and a beta of 1.23. AltaGas has a 12 month low of C$32.02 and a 12 month high of C$42.03. 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's 50-day moving average price is C$39.35 and its 200 day moving average price is C$37.95.

AltaGas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.0%. AltaGas's payout ratio is 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.