AltaGas Ltd. (TSE:ALA – Get Rating) Director Jeremy Jason Weatherhead sold 1,230 shares of AltaGas stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of C$28.80, for a total transaction of C$35,424.00. Following the completion of the transaction, the director now directly owns 9,591 shares in the company, valued at approximately C$276,220.80.

AltaGas Stock Performance

TSE ALA opened at C$29.14 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.53 and a debt-to-equity ratio of 105.98. The firm's fifty day moving average price is C$27.70 and its two-hundred day moving average price is C$28.37. AltaGas Ltd. has a 1 year low of C$24.16 and a 1 year high of C$31.16. The firm has a market capitalization of C$8.19 billion and a P/E ratio of 33.11.

AltaGas (TSE:ALA – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.13 by C($0.05). The business had revenue of C$3.24 billion for the quarter, compared to analysts' expectations of C$2.06 billion. As a group, research analysts anticipate that AltaGas Ltd. will post 2.0299999 EPS for the current year.

AltaGas Dividend Announcement

Wall Street Analysts Forecast Growth

ALA has been the topic of a number of research reports. CSFB cut their price target on shares of AltaGas from C$35.00 to C$32.50 in a research note on Friday, July 22nd. Canaccord Genuity Group lifted their price target on shares of AltaGas from C$35.00 to C$36.00 in a research note on Friday, May 27th. Royal Bank of Canada boosted their price objective 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. National Bankshares boosted their price objective on shares of AltaGas from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Friday, May 27th. Finally, ATB Capital boosted their price objective on shares of AltaGas from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$33.79.

About AltaGas

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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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