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QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
What to Expect from the Markets in a Recession
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
TSE:ALA

AltaGas - ALA Stock Forecast, Price & News

C$28.25
-0.15 (-0.53%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$27.90
C$28.35
50-Day Range
C$25.18
C$30.54
52-Week Range
C$24.16
C$31.16
Volume
508,127 shs
Average Volume
834,623 shs
Market Capitalization
C$7.94 billion
P/E Ratio
32.10
Dividend Yield
3.75%
Price Target
C$33.92

AltaGas MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
20.1% Upside
C$33.92 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.12mentions of AltaGas in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
C$5.78 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.12 out of 5 stars

ALA stock logo

About AltaGas (TSE:ALA) Stock

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 rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering 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; natural gas gathering and extraction business; 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 578 MW of power in California and Colorado. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALA. JPMorgan Chase & Co. increased their target price on AltaGas from C$31.00 to C$34.00 in a research note on Tuesday, April 19th. Royal Bank of Canada lifted their target price on AltaGas from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Friday, May 27th. Haywood Securities decreased their target price on AltaGas to C$32.50 and set an "underperform" rating for the company in a research note on Friday, July 22nd. CSFB cut their target price on AltaGas from C$35.00 to C$32.50 in a research report on Friday, July 22nd. Finally, National Bankshares boosted their price target on shares of AltaGas from C$32.00 to C$33.00 and gave the company an "outperform" rating in a report on Friday, May 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$33.79.

AltaGas Stock Performance

TSE:ALA traded down C$0.15 during mid-day trading on Friday, reaching C$28.25. The company's stock had a trading volume of 508,127 shares, compared to its average volume of 834,623. AltaGas has a 12-month low of C$24.16 and a 12-month high of C$31.16. The stock has a market cap of C$7.94 billion and a P/E ratio of 32.10. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 105.98. The firm's fifty day moving average price is C$27.89 and its two-hundred day moving average price is C$28.24.

AltaGas (TSE:ALA - Get Rating) last released its earnings results on Thursday, July 28th. The company reported C$0.08 earnings per share for the quarter, missing analysts' consensus estimates of C$0.13 by C($0.05). The business had revenue of C$3.24 billion during the quarter, compared to analyst estimates of C$2.06 billion. On average, equities analysts forecast that AltaGas will post 2.0099999 EPS for the current fiscal year.

AltaGas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Friday, September 16th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.06 annualized dividend and a dividend yield of 3.75%. AltaGas's dividend payout ratio is presently 120.45%.

Insider Transactions at AltaGas

In other news, Senior Officer Donald Mark Jenkins sold 80,062 shares of the stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of C$30.43, for a total transaction of C$2,436,286.66. Following the completion of the transaction, the insider now directly owns 25,364 shares of the company's stock, valued at approximately C$771,826.52. In other AltaGas news, Director Aaron Bishop sold 10,500 shares of the business's stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of C$30.28, for a total transaction of C$317,948.40. Following the sale, the director now directly owns 764 shares of the company's stock, valued at approximately C$23,134.53. Also, Senior Officer Donald Mark Jenkins sold 80,062 shares of the company's stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of C$30.43, for a total transaction of C$2,436,286.66. Following the sale, the insider now owns 25,364 shares of the company's stock, valued at C$771,826.52. In the last ninety days, insiders sold 190,562 shares of company stock valued at $5,779,949.

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ALA Stock News Headlines

Is AltaGas Ltd.'s (TSE:ALA) ROE Of 5.0% Concerning?
Altagas Ltd stock gained on Thursday.
ALTAGAS ANNOUNCES $250 MILLION HYBRID NOTE OFFERING
Altagas Ltd stock raised on Friday.
Brokerages Set AltaGas Ltd. (TSE:ALA) Price Target at C$33.53
ALTAGAS ANNOUNCES SECOND QUARTER 2022 RESULTS
AltaGas (ALA) Set to Announce Earnings on Thursday
Stocks Remain Buoyant by Noon - Baystreet.ca
CSFB Cuts AltaGas (TSE:ALA) Price Target to C$32.50
AltaGas (TSE:ALA) PT Lowered to C$32.00 at CIBC
See More Headlines
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ALA Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Last Earnings
7/28/2022
Today
8/07/2022
Ex-Dividend for 9/29 Dividend
9/15/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/27/2022

Industry, Sector and Symbol

Industry
Oil & Gas Pipelines
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,926
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$33.92
High Stock Price Forecast
C$37.00
Low Stock Price Forecast
C$32.00
Forecasted Upside/Downside
+20.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$12.61 billion
Cash Flow
C$0.81 per share
Book Value
C$22.36 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.94 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Randall L. Crawford (Age 59)
    Pres, CEO & Non-Independent Director
    Comp: $3.41M
  • Mr. D. James Harbilas B.Com. (Age 52)
    C.A., CPA, CA, Exec. VP & CFO
    Comp: $1.33M
  • Ms. Corine Renne Knight Bushfield (Age 47)
    Exec. VP & Chief Admin. Officer
    Comp: $1.03M
  • Mr. Randy W. Toone B.Sc.
    P.Eng, Exec. VP & Pres of Midstream
  • Mr. Donald M. Jenkins B.Sc. (Age 49)
    M.B.A., Exec. VP and Pres of Utilities & Washington Gas Light Company
    Comp: $1.82M
  • Mr. Jon Morrison
    Sr. VP of Investor Relations & Corp. Devel.
  • Mr. Bradley B. Grant Esq.
    B.Comm, LLB, MBA, Exec. VP & Chief Legal Officer
  • Mr. Kent E. Stout
    Sr. VP of Organizational Devel.
  • Mr. Joy Sumanan Thakur
    Sr. VP of Commercial & Bus. Operations
  • Mr. James Shelford (Age 38)
    Sr. VP of Commercial













ALA Stock - Frequently Asked Questions

Should I buy or sell AltaGas stock right now?

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

What is AltaGas' stock price forecast for 2022?

10 Wall Street research analysts have issued 1 year price targets for AltaGas' shares. Their ALA stock forecasts range from C$32.00 to C$37.00. On average, they predict AltaGas' share price to reach C$33.92 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
View analysts' price targets for AltaGas
or view top-rated stocks among Wall Street analysts.

How has AltaGas' stock performed in 2022?

AltaGas' stock was trading at C$27.31 at the beginning of the year. Since then, ALA stock has increased by 3.4% and is now trading at C$28.25.
View the best growth stocks for 2022 here
.

When is AltaGas' next earnings date?

AltaGas is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for AltaGas
.

How were AltaGas' earnings last quarter?

AltaGas Ltd. (TSE:ALA) posted its quarterly earnings results on Thursday, July, 28th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by $0.05. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $2.06 billion.

How often does AltaGas pay dividends? What is the dividend yield for AltaGas?

AltaGas announced a quarterly dividend on Thursday, July 28th. Investors of record on Friday, September 16th will be given a dividend of 0.265 per share on Thursday, September 29th. This represents a $1.06 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, September 15th.
View AltaGas' dividend history
.

Is AltaGas a good dividend stock?

AltaGas(TSE:ALA) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 3.75%. The dividend payout ratio of AltaGas is 115.31%. Payout ratios above 75% are not desirable because they may not be sustainable.
View AltaGas' dividend history.

What other stocks do shareholders of AltaGas own?

What is AltaGas' stock symbol?

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

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 is AltaGas' stock price today?

One share of ALA stock can currently be purchased for approximately C$28.25.

How much money does AltaGas make?

AltaGas (TSE:ALA) has a market capitalization of C$7.94 billion and generates C$12.61 billion in revenue each year.

How many employees does AltaGas have?

AltaGas employs 2,926 workers across the globe.

How can I contact AltaGas?

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

This page (TSE:ALA) was last updated on 8/8/2022 by MarketBeat.com Staff

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