Altagas (ALA) Declares Oct 13 Dividend of $0.13
Altagas (TSE:ALA) declared a oct 13 dividend on Thursday, October 10th, AnalystRatingsNetwork reports. Shareholders of record on Friday, October 25th will be given a dividend of $0.1275 per share on Friday, November 15th. The ex-dividend date of this dividend is Wednesday, October 23rd.
Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Altagas from C$40.00 to C$39.50 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. On a related note, analysts at Scotiabank cut their price target on shares of Altagas from C$36.00 to C$35.00 in a research note to investors on Wednesday, September 11th. Finally, analysts at National Bank Financial raised their price target on shares of Altagas from C$40.00 to C$41.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of C$39.25.
Altagas (TSE:ALA) opened at 35.47 on Thursday. Altagas has a 52-week low of $32.50 and a 52-week high of $40.80. The stock’s 50-day moving average is $36.06 and its 200-day moving average is $36.73. The company has a market cap of $4.199 billion and a P/E ratio of 32.71.
AltaGas Ltd. (TSE:ALA) is a diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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