AltaGas Ltd. (TSE:ALA – Free Report) – Stock analysts at National Bank Financial issued their Q2 2024 earnings estimates for shares of AltaGas in a research note issued to investors on Wednesday, July 24th. National Bank Financial analyst P. Kenny expects that the company will earn $0.09 per share for the quarter. The consensus estimate for AltaGas’ current full-year earnings is $2.14 per share.
AltaGas (TSE:ALA – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C$1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.05 by C$0.09. AltaGas had a net margin of 5.03% and a return on equity of 7.93%. The company had revenue of C$3.66 billion during the quarter, compared to analyst estimates of C$4.13 billion.
View Our Latest Analysis on AltaGas
AltaGas Price Performance
ALA opened at C$32.90 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.44 and a debt-to-equity ratio of 117.56. The stock has a market capitalization of C$9.74 billion, a P/E ratio of 15.97, a PEG ratio of -4.97 and a beta of 1.22. The stock has a 50-day moving average price of C$30.88 and a 200-day moving average price of C$29.70. AltaGas has a 12-month low of C$24.10 and a 12-month high of C$33.07.
Insider Activity
In other AltaGas news, Director Angela S. Lekatsas purchased 2,000 shares of AltaGas stock in a transaction that occurred on Thursday, June 13th. The shares were bought at an average price of C$30.58 per share, for a total transaction of C$61,160.00. In other AltaGas news, Senior Officer James Harbilas sold 26,100 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of C$30.50, for a total value of C$796,050.00. Also, Director Angela S. Lekatsas bought 2,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of C$30.58 per share, with a total value of C$61,160.00. Over the last ninety days, insiders bought 20,500 shares of company stock valued at $627,795 and sold 172,750 shares valued at $5,257,062. Insiders own 0.57% of the company’s stock.
AltaGas Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, June 14th. AltaGas’s payout ratio is 57.77%.
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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