Altagas (ALA) Posts Quarterly Earnings, Meets Expectations
Altagas (TSE:ALA) issued its quarterly earnings data on Friday. The company reported $0.22 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.22, StockRatingsNetwork.com reports.
Altagas (TSE:ALA) opened at 49.35 on Friday. Altagas has a 1-year low of $34.80 and a 1-year high of $50.40. The stock’s 50-day moving average is $49.05 and its 200-day moving average is $46.07. The company has a market cap of $6.067 billion and a price-to-earnings ratio of 34.64.
The company also recently announced a Monthly dividend, which is scheduled for Monday, September 15th. Investors of record on Monday, September 15th will be paid a dividend of $0.1475 per share. This represents a dividend yield of 3.59%. The ex-dividend date is Thursday, August 21st.
ALA has been the subject of a number of recent research reports. Analysts at CIBC raised their price target on shares of Altagas from C$48.00 to C$52.00 in a research note on Thursday, July 3rd. Analysts at FirstEnergy Capital raised their price target on shares of Altagas from C$44.00 to C$50.00 in a research note on Monday, May 5th. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$50.71.
AltaGas Ltd. Is a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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