Kent Eugene Stout Sells 1,000 Shares of Altagas Ltd (ALA) Stock
Altagas Ltd (TSE:ALA) insider Kent Eugene Stout sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of C$31.60, for a total value of C$31,600.00.
Kent Eugene Stout also recently made the following trade(s):
- On Tuesday, May 2nd, Kent Eugene Stout sold 1,000 shares of Altagas stock. The shares were sold at an average price of C$30.50, for a total value of C$30,500.00.
Altagas Ltd (TSE:ALA) traded down 1.30% during mid-day trading on Tuesday, hitting $31.24. The stock had a trading volume of 323,995 shares. Altagas Ltd has a 1-year low of $29.08 and a 1-year high of $35.55. The stock has a market cap of $5.30 billion and a PE ratio of 38.52. The firm’s 50-day moving average price is $30.96 and its 200-day moving average price is $32.01.
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A number of research analysts have weighed in on ALA shares. Royal Bank of Canada restated a “sector perform” rating and issued a C$35.00 price target on shares of Altagas in a research note on Monday, March 20th. Scotiabank upgraded Altagas from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$35.00 to C$36.00 in a research note on Monday, February 6th. Raymond James Financial, Inc. restated a “market perform” rating and issued a C$34.00 price target on shares of Altagas in a research note on Tuesday, January 24th. AltaCorp Capital restated a “sector perform” rating on shares of Altagas in a research note on Friday, February 3rd. Finally, CIBC raised their price target on Altagas from C$37.00 to C$39.00 in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Altagas has a consensus rating of “Buy” and an average target price of C$35.89.
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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