AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer James Harbilas sold 26,100 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of C$30.50, for a total value of C$796,050.00.
AltaGas Stock Down 0.3 %
ALA traded down C$0.10 during trading on Tuesday, hitting C$30.10. The stock had a trading volume of 850,927 shares, compared to its average volume of 782,299. The stock has a 50 day simple moving average of C$29.50 and a two-hundred day simple moving average of C$28.19. The company has a debt-to-equity ratio of 125.64, a quick ratio of 0.44 and a current ratio of 0.89. AltaGas Ltd. has a twelve month low of C$22.57 and a twelve month high of C$30.58. The company has a market capitalization of C$8.89 billion, a PE ratio of 13.40, a PEG ratio of -4.97 and a beta of 1.22.
AltaGas (TSE:ALA - Get Free Report) last released its quarterly earnings results on Friday, March 8th. The company reported C$0.75 EPS for the quarter, meeting analysts' consensus estimates of C$0.75. AltaGas had a return on equity of 8.90% and a net margin of 5.18%. The company had revenue of C$3.29 billion during the quarter, compared to analysts' expectations of C$4.11 billion. On average, research analysts predict that AltaGas Ltd. will post 2.1549815 earnings per share for the current year.
AltaGas Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were paid a $0.298 dividend. This is a positive change from AltaGas's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.19 dividend on an annualized basis and a yield of 3.96%. AltaGas's dividend payout ratio (DPR) is 52.65%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on ALA shares. Scotiabank raised their target price on shares of AltaGas from C$33.00 to C$35.00 and gave the company an "outperform" rating in a research note on Friday. National Bankshares increased their price target on AltaGas from C$31.00 to C$33.00 and gave the company an "outperform" rating in a research note on Tuesday, January 30th. Royal Bank of Canada upped their price objective on AltaGas from C$32.00 to C$34.00 and gave the stock an "outperform" rating in a report on Friday. Jefferies Financial Group set a C$34.00 target price on shares of AltaGas and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, TD Securities boosted their price target on shares of AltaGas from C$32.00 to C$34.00 and gave the stock a "buy" rating in a research report on Monday, March 11th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$34.15.
Get Our Latest Analysis on ALA
About AltaGas
(
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AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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