TSE:ALA AltaGas (ALA) Stock Price, News & Analysis C$32.90 +0.34 (+1.04%) (As of 07/26/2024 ET) Add Compare Share Share Today's RangeC$32.48▼C$33.0750-Day RangeC$29.89▼C$32.5752-Week RangeC$24.10▼C$33.07Volume551,384 shsAverage Volume846,910 shsMarket CapitalizationC$9.74 billionP/E Ratio15.97Dividend Yield3.62%Price TargetC$35.60 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get AltaGas alerts: Email Address AltaGas MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside8.2% UpsideC$35.60 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.59Based on 15 Articles This WeekInsider TradingSelling SharesC$5.26 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.35 out of 5 stars 2.5 Analyst's Opinion Consensus RatingAltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 10 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageAltaGas has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about AltaGas' stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for ALA. Previous Next 2.5 Dividend Strength Dividend LeadershipAltaGas is a leading dividend payer. It pays a dividend yield of 3.88%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAltaGas does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of AltaGas is 57.77%. This payout ratio is at a healthy, sustainable level, below 75%.Read more about AltaGas' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALA. Previous Next 2.5 News and Social Media Coverage News SentimentAltaGas has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 15 news articles for AltaGas this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AltaGas insiders have sold 737.39% more of their company's stock than they have bought. Specifically, they have bought C$627,795.00 in company stock and sold C$5,257,062.00 in company stock.Percentage Held by InsidersOnly 0.57% of the stock of AltaGas is held by insiders.Percentage Held by InstitutionsOnly 34.07% of the stock of AltaGas is held by institutions.Read more about AltaGas' insider trading history. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of AltaGas is 15.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.44.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 15.97, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 205.50.Price to Earnings Growth RatioDue to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.Price to Book Value per Share RatioAltaGas has a P/B Ratio of 1.24. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about AltaGas' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad American Hartford Gold GroupDave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.GET THE FREE GUIDE About AltaGas Stock (TSE:ALA)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. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering, processing, and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. It serves residential, commercial, and industrial customers. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.Read More ALA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALA Stock News HeadlinesJune 27, 2024 | insidertrades.comRandy Warren Toone Sells 20,000 Shares of AltaGas Ltd. (TSE:ALA) StockJune 27, 2024 | insidertrades.comInsider Selling: AltaGas Ltd. (TSE:ALA) Senior Officer Sells 15,000 Shares of StockJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 26 at 7:47 AM | americanbankingnews.comQ2 2024 Earnings Forecast for AltaGas Ltd. (TSE:ALA) Issued By National Bank FinancialJuly 26 at 7:46 AM | americanbankingnews.comRaymond James Comments on AltaGas Ltd.'s Q2 2024 Earnings (TSE:ALA)July 25 at 8:30 AM | americanbankingnews.comQ2 2024 EPS Estimates for AltaGas Ltd. Raised by Analyst (TSE:ALA)July 25 at 7:54 AM | theglobeandmail.comAltaGas: Top 10 Undervalued Energy Sector Stocks on TSX (ALA)July 25 at 2:52 AM | americanbankingnews.comAltaGas (ALA) Set to Announce Quarterly Earnings on ThursdayJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 21, 2024 | americanbankingnews.comAltaGas (TSE:ALA) Hits New 12-Month High on Analyst UpgradeJuly 20, 2024 | americanbankingnews.comAltaGas (TSE:ALA) Price Target Increased to C$36.00 by Analysts at JPMorgan Chase & Co.July 16, 2024 | americanbankingnews.comAltaGas (TSE:ALA) Price Target Increased to C$40.00 by Analysts at CIBCMay 25, 2024 | theglobeandmail.comClosing Bell: AltaGas Ltd flat on Friday (ALA)May 13, 2024 | msn.comFairfax, Falco, IPCO at 52-Week Highs on NewsMay 6, 2024 | baystreet.caPower Nickel at 52-Week High on NewsMay 3, 2024 | finance.yahoo.comAltaGas First Quarter 2024 Earnings: EPS Beats Expectations, Revenues LagMay 3, 2024 | finance.yahoo.comALTAGAS ANNOUNCES ELECTION OF DIRECTORSMay 2, 2024 | msn.comATGFF Stock Earnings: AltaGas Reported Results for Q1 2024See More Headlines Receive ALA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AltaGas and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/02/2024Ex-Dividend for 6/28 Dividend6/14/2024Dividend Payable6/28/2024Today7/26/2024Next Earnings (Confirmed)8/01/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas Midstream Sub-IndustryN/A Current SymbolTSE:ALA CUSIPN/A CIKN/A Webwww.altagas.ca Phone+1-403-6917575FaxN/AEmployees3,045Year FoundedN/APrice Target and Rating Average Stock Price TargetC$35.60 High Stock Price TargetC$40.00 Low Stock Price TargetC$34.00 Potential Upside/Downside+8.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.06 Trailing P/E Ratio15.98 Forward P/E Ratio15.39 P/E Growth-4.97Net IncomeC$604 million Net Margins5.03% Pretax MarginN/A Return on Equity7.93% Return on Assets3.16% Debt Debt-to-Equity Ratio117.56 Current Ratio1.01 Quick Ratio0.44 Sales & Book Value Annual SalesC$12.60 billion Price / Sales0.77 Cash FlowC$0.63 per share Price / Cash Flow52.24 Book ValueC$26.63 per share Price / Book1.24Miscellaneous Outstanding Shares296,190,000Free FloatN/AMarket CapC$9.75 billion OptionableNot Optionable Beta1.22 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Vernon D. Yu (Age 57)President, CEO & Non-Independent Director Comp: $3.37MMr. D. James Harbilas B.Com. (Age 54)C.A., CPA, Executive VP & CFO Comp: $1.2MMs. Corine Renne Knight Bushfield B.Comm (Age 49)CA, CPA, Executive VP & Chief Administrative Officer Comp: $1.06MMr. Randy W. Toone B.Sc.P.Eng, Executive VP & President of MidstreamMr. Donald M. Jenkins B.Sc. (Age 51)M.B.A., Executive VP & President of Utilities Comp: $1.5MMr. Jon MorrisonSenior Vice President of Investor Relations & Corporate DevelopmentMr. Bradley B. Grant B.CommEsq., LLB, MBA, Executive VP & Chief Legal OfficerMr. Kent E. StoutSenior Vice President of Organizational DevelopmentDavid AndersonSenior Vice President of Corporate Environmental Health & SafetyMs. Jimmi DuceCorporate SecretaryMore ExecutivesKey CompetitorsPembina PipelineTSE:PPLKeyeraTSE:KEYGibson EnergyTSE:GEITopaz EnergyTSE:TPZKinder Morgan Canada Limited (KML.TO)TSE:KMLView All CompetitorsInsidersBertram Grant BradleySold 15,000 sharesTotal: C$458,850.00 ($30.59/share)Randy Warren TooneSold 20,000 sharesTotal: C$597,006.00 ($29.85/share)Angela S. LekatsasBought 2,000 shares on 6/17/2024Total: C$59,920.00 ($29.96/share)Angela S. LekatsasBought 2,000 shares on 6/13/2024Total: C$61,160.00 ($30.58/share)Vernon Dai-Chung YuBought 16,500 shares on 6/11/2024Total: C$506,715.00 ($30.71/share)View All Insider Transactions ALA Stock Analysis - Frequently Asked Questions How have ALA shares performed this year? AltaGas' stock was trading at C$27.82 at the start of the year. Since then, ALA shares have increased by 18.3% and is now trading at C$32.90. View the best growth stocks for 2024 here. How were AltaGas' earnings last quarter? AltaGas Ltd. (TSE:ALA) released its quarterly earnings results on Thursday, May, 2nd. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $4.13 billion. AltaGas had a net margin of 5.03% and a trailing twelve-month return on equity of 7.93%. How do I buy shares of AltaGas? Shares of ALA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What other stocks do shareholders of AltaGas own? Based on aggregate information from My MarketBeat watchlists, some other companies that AltaGas investors own include Enbridge (ENB), Inter Pipeline (IPL), Algonquin Power & Utilities (AQN), Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL) and BCE (BCE). This page (TSE:ALA) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. 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