AltaGas Ltd. (TSE:ALA – Get Free Report) Senior Officer James Harbilas sold 26,100 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of C$30.50, for a total transaction of C$796,050.00.
AltaGas Stock Performance
AltaGas stock opened at C$30.10 on Wednesday. The firm’s fifty day moving average price is C$29.54 and its 200-day moving average price is C$28.23. The company has a debt-to-equity ratio of 125.64, a quick ratio of 0.44 and a current ratio of 0.89. The stock has a market cap of C$8.89 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of -4.97 and a beta of 1.22. AltaGas Ltd. has a fifty-two week low of C$22.57 and a fifty-two week high of C$30.58.
AltaGas (TSE:ALA – Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The company reported C$0.75 earnings per share for the quarter, meeting the consensus estimate of C$0.75. The firm had revenue of C$3.29 billion for the quarter, compared to analysts’ expectations of C$4.11 billion. AltaGas had a net margin of 5.18% and a return on equity of 8.90%. On average, equities research analysts expect that AltaGas Ltd. will post 2.1549815 earnings per share for the current fiscal year.
AltaGas Increases Dividend
Analyst Ratings Changes
ALA has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on shares of AltaGas from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. National Bankshares increased their target price on shares of AltaGas from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. TD Securities increased their target price on shares of AltaGas from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Scotiabank increased their target price on shares of AltaGas from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group set a C$34.00 target price on shares of AltaGas and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, AltaGas has a consensus rating of “Buy” and an average price target of C$34.15.
About AltaGas
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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