AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$38.00, for a total transaction of C$5,474,432.00.
AltaGas Stock Performance
TSE:ALA opened at C$38.30 on Friday. The firm has a market capitalization of C$11.40 billion, a PE ratio of 22.20, a PEG ratio of -4.97 and a beta of 1.23. The stock's fifty day moving average is C$34.87 and its 200 day moving average is C$34.21. AltaGas Ltd. has a fifty-two week low of C$28.63 and a fifty-two week high of C$38.61. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.
AltaGas (TSE:ALA - Get Free Report) last released its earnings results on Friday, March 7th. The company reported C$0.76 earnings per share (EPS) for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. On average, sell-side analysts anticipate that AltaGas Ltd. will post 2.3006093 earnings per share for the current year.
AltaGas Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.298 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.11%. AltaGas's dividend payout ratio is 68.98%.
Wall Street Analyst Weigh In
A number of research firms recently commented on ALA. Scotiabank boosted their target price on AltaGas from C$40.00 to C$42.00 in a research report on Monday. CIBC increased their target price on 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 investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, AltaGas presently has a consensus rating of "Moderate Buy" and a consensus price target of C$39.11.
Read Our Latest Research Report on AltaGas
About AltaGas
(
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.
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