Altagas Ltd (TSE:ALA) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the company, reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$36.00.

Several brokerages have recently issued reports on ALA. Raymond James Financial, Inc. reissued a “market perform” rating and issued a C$32.00 target price on shares of Altagas in a research report on Thursday, April 27th. Scotiabank reissued an “outperform” rating and issued a C$36.00 target price on shares of Altagas in a research report on Thursday, April 27th.

Shares of Altagas (TSE:ALA) traded down 0.76% during midday trading on Friday, reaching $29.24. The company’s stock had a trading volume of 267,920 shares. Altagas has a 52-week low of $28.95 and a 52-week high of $35.55. The stock has a 50-day moving average price of $29.77 and a 200-day moving average price of $30.94. The stock has a market cap of $4.96 billion and a price-to-earnings ratio of 36.05.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, July 25th will be given a dividend of $0.175 per share. This represents a $2.10 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Friday, July 21st. This is a positive change from Altagas’s previous monthly dividend of $0.16.

In related news, insider Kent Eugene Stout sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of C$31.60, for a total transaction of C$31,600.00.

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Altagas Company Profile

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.

Analyst Recommendations for Altagas (TSE:ALA)

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