AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were acquired at an average cost of C$33.12 per share, with a total value of C$251,719.60.
AltaGas Stock Down 0.2 %
Shares of TSE:ALA opened at C$33.12 on Wednesday. The company has a market capitalization of C$9.85 billion, a price-to-earnings ratio of 22.84, a PEG ratio of -4.97 and a beta of 1.23. AltaGas Ltd. has a 12-month low of C$26.10 and a 12-month high of C$35.77. The business has a 50-day moving average price of C$34.07 and a 200 day moving average price of C$32.01. The company has a current ratio of 0.85, a quick ratio of 0.44 and a debt-to-equity ratio of 115.50.
AltaGas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.298 per share. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, December 16th. AltaGas's dividend payout ratio is presently 82.07%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on ALA shares. Royal Bank of Canada boosted their target price on AltaGas from C$37.00 to C$40.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. CIBC boosted their price objective on AltaGas from C$38.00 to C$40.00 in a research note on Monday, July 15th. BMO Capital Markets raised their target price on AltaGas from C$37.00 to C$40.00 in a research note on Thursday, September 5th. National Bankshares boosted their price target on shares of AltaGas from C$36.00 to C$39.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Finally, Raymond James upped their price objective on shares of AltaGas from C$35.00 to C$37.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$38.10.
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AltaGas Company Profile
(
Get Free Report)
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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