AltaGas (ALA) Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALA shares.
View ALA analyst ratings or view top-rated stocks.

10 analysts have issued twelve-month target prices for AltaGas' stock. Their ALA share price forecasts range from C$28.00 to C$36.00. On average, they expect the company's stock price to reach C$32.15 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts price targets for ALA or view top-rated stocks among Wall Street analysts.

AltaGas' stock was trading at C$23.38 at the beginning of the year. Since then, ALA shares have increased by 15.6% and is now trading at C$27.02.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our ALA earnings forecast.

AltaGas Ltd. (TSE:ALA) posted its quarterly earnings data on Friday, July, 28th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by $0.03. The company earned $2.63 billion during the quarter, compared to analysts' expectations of $3.27 billion. AltaGas had a net margin of 5.05% and a trailing twelve-month return on equity of 9.08%.

AltaGas declared a quarterly dividend on Thursday, September 14th. Shareholders of record on Friday, September 29th will be given a dividend of 0.28 per share on Friday, September 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for ALA.

AltaGas (TSE:ALA) pays an annual dividend of C$1.09 per share and currently has a dividend yield of 4.02%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ALA.

Based on aggregate information from My MarketBeat watchlists, some companies that other AltaGas investors own include Enbridge (ENB), Inter Pipeline (IPL), Algonquin Power & Utilities (AQN), Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL), BCE (BCE), Bank of Nova Scotia (BNS), Whitecap Resources (WCP) and Vermilion Energy (VET).

AltaGas trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ALA."

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.
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One share of ALA stock can currently be purchased for approximately C$27.02.

AltaGas (TSE:ALA) has a market capitalization of C$7.61 billion and generates C$13.63 billion in revenue each year. The company earns C$584 million in net income (profit) each year or C$2.06 on an earnings per share basis.

The company employs 3,045 workers across the globe.

AltaGas' mailing address is 1700-355 4 Ave SW, CALGARY, AB T2P 0J1, Canada. The official website for the company is www.altagas.ca. The company can be reached via phone at +1-403-6917575.