AltaGas Stock Price, News & Analysis (TSE:ALA) C$27.72 +0.12 (+0.43%) (As of 12/1/2023 08:56 PM ET) Add Compare Share Share Today's RangeC$27.34▼C$27.7450-Day RangeC$24.86▼C$27.9552-Week RangeC$21.25▼C$28.10Volume403,700 shsAverage Volume763,144 shsMarket CapitalizationC$7.81 billionP/E Ratio13.52Dividend Yield4.04%Price TargetC$32.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades AltaGas MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside16.8% UpsideC$32.38 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling SharesC$1.95 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.05 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 8 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$32.38, AltaGas has a forecasted upside of 16.8% from its current price of C$27.72.Amount of Analyst CoverageAltaGas has only been the subject of 3 research reports in the past 90 days. 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 4.07%, 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 54.63%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALA. Previous Next 2.2 News and Social Media Coverage News SentimentAltaGas has a news sentiment score of 1.00. 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 0.40 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 1 news article for AltaGas this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 43.75% more of their company's stock than they have bought. Specifically, they have bought C$1,355,450.00 in company stock and sold C$1,948,451.00 in company stock.Percentage Held by InsidersOnly 0.64% of the stock of AltaGas is held by insiders.Percentage Held by InstitutionsOnly 34.92% of the stock of AltaGas is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of AltaGas is 13.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.86.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 13.52, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 111.69.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 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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 1.7 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 508 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based 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 HeadlinesNovember 21, 2023 | ca.finance.yahoo.comShould You Buy AltaGas Stock for its 4.1% Dividend Yield?November 21, 2023 | finance.yahoo.comALTAGAS ANNOUNCES INTENTION TO REDEEM ALL OUTSTANDING SERIES E PREFERRED SHARESDecember 4, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 21, 2023 | finance.yahoo.comThe 4.9% return this week takes AltaGas' (TSE:ALA) shareholders five-year gains to 142%November 15, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref A down on Monday (ALA-PR-A)November 14, 2023 | finance.yahoo.comRidley Island Energy Export Facility to Commence Site Clearing in November 2023November 10, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref Ser E flat on Thursday (ALA-PR-E)November 9, 2023 | morningstar.comAltaGas Ltd ALADecember 4, 2023 | Wealthpress (Ad)Trading Experts Call It “The Perfect Tesla Trade”Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.November 8, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H up on Wednesday (ALA-PR-H)November 7, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H up on Tuesday (ALA-PR-H)October 31, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref A up on Tuesday (ALA-PR-A)October 13, 2023 | finance.yahoo.comALTAGAS TO ISSUE THIRD QUARTER 2023 RESULTSOctober 10, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G up on Tuesday (ALA-PR-G)October 10, 2023 | msn.comDividend Investors: Top TSX Utility Stocks to Buy as Oil Prices RiseOctober 10, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G up on Friday (ALA-PR-G)October 4, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref Ser E flat on Wednesday (ALA-PR-E)September 26, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref Ser E up on Monday (ALA-PR-E)September 20, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G up on Wednesday (ALA-PR-G)September 20, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref G down on Tuesday (ALA-PR-G)September 8, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref A flat on Tuesday (ALA-PR-A)September 3, 2023 | msn.comAltaGas: Well-Deserved Outperformance, But Relative Valuation Becomes Less Appealing (Rating Downgrade)September 2, 2023 | reuters.comCanada's AltaGas to buy natural gas assets from Tidewater for C$650 millionAugust 31, 2023 | reuters.comCanada's AltaGas to buy natural gas assets from Tidewater for C$650 mlnAugust 31, 2023 | reuters.comCanada's Altagas to buy natural gas assets from Tidewater for $650 mlnAugust 31, 2023 | theglobeandmail.comAltagas to buy natural gas assets from Tidewater for US$650-millionAugust 30, 2023 | theglobeandmail.comClosing Bell: Altagas Ltd Pref H flat on Monday (ALA-PR-H)See 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 Ex-Dividend for 9/29 Dividend9/14/2023Dividend Payable9/29/2023Last Earnings11/03/2023Today12/03/2023Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Next Earnings (Estimated)3/07/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas Midstream Sub-IndustryN/A SectorEnergy 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$32.38 High Stock Price TargetC$36.00 Low Stock Price TargetC$28.00 Potential Upside/Downside+16.8%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.05 Trailing P/E Ratio13.52 Forward P/E Ratio13.07 P/E Growth-4.97Net IncomeC$582 million Net Margins4.48% Pretax MarginN/A Return on Equity8.02% Return on Assets2.32% Debt Debt-to-Equity Ratio114.73 Current Ratio0.82 Quick Ratio0.44 Sales & Book Value Annual SalesC$13.61 billion Price / Sales0.57 Cash FlowC$0.53 per share Price / Cash Flow52.24 Book ValueC$25.38 per share Price / Book1.09Miscellaneous Outstanding Shares281,830,000Free FloatN/AMarket CapC$7.81 billion OptionableNot Optionable Beta1.18 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesMr. D. James Harbilas B.Com. (Age 53)C.A., CPA, Executive VP & CFO Comp: $1.14MMs. Corine Renne Knight Bushfield B.Comm (Age 48)CA, CPA, Executive VP & Chief Administrative Officer Comp: $878.96kMr. Randy W. Toone B.Sc.P.Eng, Executive VP & President of MidstreamMr. Donald M. Jenkins B.Sc. (Age 50)M.B.A., Executive VP and President of Utilities & Washington Gas Light Company Comp: $1.56MMr. Vern D. Yu (Age 56)President, CEO & Non-Independent Director Mr. Jon MorrisonSenior Vice President of Investor Relations & Corporate DevelopmentMr. Bradley B. Grant B.CommEsq., LLB, MBA, Executive VP, Chief Legal Officer & Corporate SecretaryMr. Kent E. StoutSenior Vice President of Organizational DevelopmentMs. Shaheen Amirali B.Sc.L.L.B., Executive VP, Chief External Affairs & Sustainability OfficerDavid AndersonSenior Vice President of Corporate Environmental Health & SafetyMore ExecutivesKey CompetitorsKeyeraTSE:KEYGibson EnergyTSE:GEITopaz EnergyTSE:TPZPembina PipelineTSE:PPLParklandTSE:PKIView All CompetitorsInsidersAaron BishopSold 13,148 sharesTotal: C$361,701.48 ($27.51/share)Donald Mark JenkinsSold 53,880 sharesTotal: C$1.45 M ($26.92/share)Angela S. LekatsasBought 1,000 shares on 11/10/2023Total: C$26,150.00 ($26.15/share)Vernon Dai-Chung YuBought 50,000 shares on 11/8/2023Total: C$1.33 M ($26.59/share)Bertram Grant BradleySold 5,000 sharesTotal: C$136,300.00 ($27.26/share)View All Insider Transactions ALA Stock Analysis - Frequently Asked Questions Should I buy or sell AltaGas stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALA shares. View ALA analyst ratings or view top-rated stocks. What is AltaGas' stock price target for 2024? 8 Wall Street analysts have issued 1 year target prices for AltaGas' stock. Their ALA share price targets range from C$28.00 to C$36.00. On average, they anticipate the company's share price to reach C$32.38 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View analysts price targets for ALA or view top-rated stocks among Wall Street analysts. How have ALA shares performed in 2023? AltaGas' stock was trading at C$23.38 at the beginning of 2023. Since then, ALA stock has increased by 18.6% and is now trading at C$27.72. View the best growth stocks for 2023 here. When is AltaGas' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024. View our ALA earnings forecast. How were AltaGas' earnings last quarter? AltaGas Ltd. (TSE:ALA) issued its earnings results on Friday, November, 3rd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm earned $3.03 billion during the quarter, compared to the consensus estimate of $3.08 billion. AltaGas had a net margin of 4.48% and a trailing twelve-month return on equity of 8.02%. How often does AltaGas pay dividends? What is the dividend yield for AltaGas? AltaGas declared a quarterly dividend on Thursday, December 14th. Investors of record on Friday, December 29th will be paid a dividend of 0.28 per share on Friday, December 29th. This represents a $1.12 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for ALA. Is AltaGas a good dividend stock? AltaGas (TSE:ALA) pays an annual dividend of C$1.12 per share and currently has a dividend yield of 4.07%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 54.63%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ALA. What other stocks do shareholders of AltaGas own? 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). 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. This page (TSE:ALA) was last updated on 12/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AltaGas Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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