AltaGas Ltd. (TSE:ALA – Get Free Report) has received a consensus rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$35.00.
Several research firms have issued reports on ALA. Raymond James lifted their price objective on AltaGas from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. BMO Capital Markets lifted their price objective on AltaGas from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. ATB Capital lifted their price objective on AltaGas from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. CIBC lifted their price objective on AltaGas from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Finally, National Bankshares lifted their price objective on AltaGas from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th.
View Our Latest Stock Report on ALA
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AltaGas Stock Performance
AltaGas stock opened at C$30.74 on Wednesday. The stock’s 50 day moving average price is C$30.60 and its 200 day moving average price is C$29.38. The firm has a market capitalization of C$9.10 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of -4.97 and a beta of 1.22. The company has a debt-to-equity ratio of 117.56, a quick ratio of 0.44 and a current ratio of 1.01. AltaGas has a one year low of C$23.38 and a one year high of C$31.50.
AltaGas (TSE:ALA – Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$1.14 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.09. The firm had revenue of C$3.66 billion for the quarter, compared to analyst estimates of C$4.13 billion. AltaGas had a return on equity of 7.93% and a net margin of 5.03%. As a group, sell-side analysts expect that AltaGas will post 2.1388695 EPS for the current fiscal year.
AltaGas Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a dividend of $0.298 per share. The ex-dividend date was Friday, June 14th. This represents a $1.19 dividend on an annualized basis and a yield of 3.88%. AltaGas’s payout ratio is currently 57.77%.
AltaGas Company Profile
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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