Altagas Ltd (TSE:ALA) Director David Wallace Cornhill sold 2,000 shares of Altagas stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of C$29.20, for a total value of C$58,400.00.

Shares of Altagas Ltd (ALA) traded up 0.48% during trading on Tuesday, reaching $29.38. The company’s stock had a trading volume of 357,318 shares. The stock has a 50-day moving average of $28.46 and a 200-day moving average of $29.28. Altagas Ltd has a 52-week low of $26.87 and a 52-week high of $35.15. The stock has a market cap of $5.04 billion and a P/E ratio of 45.55.

The business also recently declared a monthly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, September 25th were issued a $0.175 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date was Friday, September 22nd.

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Several research analysts have recently commented on the company. Raymond James Financial, Inc. reduced their target price on Altagas from C$32.00 to C$30.00 and set a “market perform” rating for the company in a research note on Monday, October 23rd. Scotiabank reduced their target price on Altagas from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research note on Friday, October 20th. CIBC reduced their target price on Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. BMO Capital Markets reiterated a “market perform” rating and set a C$32.00 target price on shares of Altagas in a research note on Friday, October 20th. Finally, Beacon Securities reiterated a “buy” rating on shares of Altagas in a research note on Thursday, September 21st. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Altagas currently has an average rating of “Buy” and an average price target of C$33.75.

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.

Insider Buying and Selling by Quarter for Altagas (TSE:ALA)

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