Altagas Plans Dividend of C$0.12 (ALA)
Altagas (TSE:ALA) announced a dividend on Friday, January 10th, American Banking News reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.1172 per share on Tuesday, February 18th. The ex-dividend date is Thursday, January 23rd.
ALA has been the subject of a number of recent research reports. Analysts at CIBC reiterated a “sector outperform” rating on shares of Altagas in a research note to investors on Monday, November 18th. They now have a C$41.00 price target on the stock. On a related note, analysts at RBC Capital reiterated a “sector perform” rating on shares of Altagas in a research note to investors on Friday, November 15th. They now have a C$40.00 price target on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Altagas from C$41.00 to C$42.00 in a research note to investors on Friday, November 1st. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Altagas has an average rating of “Buy” and an average target price of C$40.83.
Shares of Altagas (TSE:ALA) opened at 40.94 on Friday. Altagas has a 52 week low of $33.90 and a 52 week high of $41.19. The stock’s 50-day moving average is $39. and its 200-day moving average is $37.58. The company has a market cap of $4.869 billion and a P/E ratio of 29.40.
AltaGas Ltd. (TSE:ALA) is a diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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