AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer James Harbilas sold 15,200 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of C$38.40, for a total transaction of C$583,680.00.
AltaGas Trading Up 0.0 %
Shares of ALA stock opened at C$38.52 on Tuesday. The company has a market capitalization of C$11.47 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The business's 50 day moving average is C$35.46 and its two-hundred day moving average is C$34.44. AltaGas Ltd. has a twelve month low of C$28.76 and a twelve month high of C$38.75.
AltaGas (TSE:ALA - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts forecast that AltaGas Ltd. will post 2.3006093 EPS for the current year.
AltaGas Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a dividend of $0.315 per share. This is a boost from AltaGas's previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 3.27%. The ex-dividend date is Monday, March 17th. AltaGas's dividend payout ratio is currently 68.98%.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Scotiabank upped their target price on AltaGas from C$40.00 to C$42.00 in a research report on Monday, March 10th. CIBC increased their price objective on AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AltaGas currently has an average rating of "Moderate Buy" and a consensus price target of C$39.11.
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About AltaGas
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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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