Shares of AltaGas Ltd. (TSE:ALA – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$33.79.

A number of equities research analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of AltaGas from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Friday, May 27th. CIBC dropped their price target on shares of AltaGas from C$34.00 to C$32.00 in a research note on Thursday, July 21st. TD Securities lifted their price target on shares of AltaGas from C$33.00 to C$34.00 and gave the stock a "buy" rating in a research note on Friday, May 27th. Credit Suisse Group dropped their price target on shares of AltaGas from C$35.00 to C$32.50 in a research note on Friday, July 22nd. Finally, Scotiabank lifted their price target on shares of AltaGas from C$32.00 to C$33.00 in a research note on Friday, July 29th.

AltaGas Trading Down 0.1 %

TSE:ALA opened at C$28.49 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.69 and a debt-to-equity ratio of 114.82. AltaGas has a 12 month low of C$24.16 and a 12 month high of C$31.16. The company has a market cap of C$8.01 billion and a PE ratio of 32.38. The company has a 50 day simple moving average of C$28.00 and a two-hundred day simple moving average of C$28.20.

AltaGas Dividend Announcement

Insider Activity at AltaGas

In related news, Senior Officer Donald Mark Jenkins sold 80,062 shares of AltaGas stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of C$30.43, for a total transaction of C$2,436,286.66. Following the transaction, the insider now owns 25,364 shares in the company, valued at approximately C$771,826.52. In other AltaGas news, Director David Wallace Cornhill sold 80,000 shares of the business's stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of C$30.25, for a total value of C$2,419,768.00. Following the sale, the director now owns 1,428,727 shares in the company, valued at approximately C$43,214,848.44. Also, Senior Officer Donald Mark Jenkins sold 80,062 shares of the business's stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of C$30.43, for a total transaction of C$2,436,286.66. Following the completion of the sale, the insider now owns 25,364 shares in the company, valued at approximately C$771,826.52. In the last quarter, insiders have sold 190,562 shares of company stock worth $5,779,949.

AltaGas Company Profile

(Get Rating)

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 rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.

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