AltaGas Ltd. (TSE:ALA - Get Free Report) Director Peter James Ledig sold 25,200 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$38.35, for a total transaction of C$966,420.00.
AltaGas Trading Down 0.5 %
Shares of TSE ALA opened at C$38.17 on Thursday. AltaGas Ltd. has a twelve month low of C$28.63 and a twelve month high of C$38.61. The stock has a market cap of C$11.36 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The company's fifty day moving average is C$34.77 and its 200-day moving average is C$34.18.
AltaGas (TSE:ALA - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. Equities research analysts predict that AltaGas Ltd. will post 2.3006093 EPS for the current year.
AltaGas Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, December 16th. AltaGas's dividend payout ratio is presently 68.98%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on ALA shares. Scotiabank increased their target price on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday. CIBC boosted their price target on shares of AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$39.11.
Check Out Our Latest Research Report on ALA
AltaGas Company Profile
(
Get Free Report)
AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
