AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu Purchases 7,600 Shares

AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the stock in a transaction on Monday, November 4th. The stock was bought at an average price of C$33.12 per share, for a total transaction of C$251,719.60.

AltaGas Trading Down 0.2 %

ALA stock opened at C$33.12 on Wednesday. AltaGas Ltd. has a 12-month low of C$26.10 and a 12-month high of C$35.77. The business’s 50-day moving average is C$34.07 and its 200 day moving average is C$32.01. The company has a current ratio of 0.85, a quick ratio of 0.44 and a debt-to-equity ratio of 115.50. The stock has a market cap of C$9.85 billion, a price-to-earnings ratio of 22.84, a PEG ratio of -4.97 and a beta of 1.23.

AltaGas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Monday, December 16th. AltaGas’s dividend payout ratio is presently 82.07%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut shares of AltaGas from an “overweight” rating to a “neutral” rating and boosted their target price for the company from C$36.00 to C$37.00 in a research note on Wednesday, October 23rd. CIBC upped their price objective on shares of AltaGas from C$38.00 to C$40.00 in a research report on Monday, July 15th. Raymond James raised their target price on AltaGas from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on AltaGas from C$37.00 to C$40.00 in a research note on Thursday, September 5th. Finally, ATB Capital set a C$36.00 price target on AltaGas and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$38.10.

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.