Altagas Ltd (TSE:ALA) declared a monthly dividend on Monday, February 12th, Zacks reports. Investors of record on Monday, February 26th will be paid a dividend of 0.183 per share on Thursday, March 15th. This represents a $2.20 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date is Friday, February 23rd.
Shares of Altagas (TSE:ALA) traded down C$0.29 during trading on Tuesday, reaching C$25.96. 572,521 shares of the company were exchanged, compared to its average volume of 595,361. The company has a market cap of $4,530.00, a PE ratio of 55.23 and a beta of 0.38. Altagas has a 52 week low of C$25.42 and a 52 week high of C$31.70.
Several equities analysts have issued reports on ALA shares. Scotiabank lowered their target price on shares of Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. National Bank Financial cut shares of Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 28th. BMO Capital Markets lowered their target price on shares of Altagas from C$32.00 to C$30.00 in a research note on Tuesday, February 6th. Raymond James Financial lowered their target price on shares of Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Monday, October 23rd. Finally, CIBC lowered their target price on shares of Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$32.17.
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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.
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