AltaGas Ltd. (TSE:ALA - Get Free Report) Director Derek Watson Evans purchased 19,239 shares of the company's stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average cost of C$38.98 per share, for a total transaction of C$749,936.22.
AltaGas Stock Down 0.8 %
ALA stock opened at C$38.67 on Friday. 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 firm has a market cap of C$11.51 billion, a PE ratio of 22.41, a PEG ratio of -4.97 and a beta of 1.23. AltaGas Ltd. has a 1 year low of C$28.76 and a 1 year high of C$39.28. The company has a fifty day simple moving average of C$35.77 and a 200 day simple moving average of C$34.54.
AltaGas (TSE:ALA - Get Free Report) last released its quarterly earnings results on Friday, March 7th. The company reported C$0.76 earnings per share (EPS) for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%. Sell-side analysts anticipate that AltaGas Ltd. will post 2.3006093 EPS for the current fiscal year.
AltaGas Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.315 dividend. This is a positive change from AltaGas's previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.26%. AltaGas's dividend payout ratio (DPR) is currently 68.98%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ALA. CIBC upped their target price on AltaGas from C$40.00 to C$42.00 and gave the company an "outperform" rating in a report on Thursday, January 9th. Scotiabank lifted their target price on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday, March 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$39.11.
View Our Latest 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.
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