AltaGas Ltd. (TSE:ALA – Get Rating) Director Jeremy Jason Weatherhead sold 1,230 shares of AltaGas stock in a transaction dated 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 of the company's stock, valued at approximately C$276,220.80.
AltaGas Price Performance
Shares of AltaGas stock opened at C$28.84 on Tuesday. AltaGas Ltd. has a twelve month low of C$24.16 and a twelve month high of C$31.16. The company has a quick ratio of 0.53, a current ratio of 1.07 and a debt-to-equity ratio of 105.98. The company has a 50-day simple moving average of C$27.72 and a two-hundred day simple moving average of C$28.37. The stock has a market capitalization of C$8.10 billion and a price-to-earnings ratio of 32.77.
Get AltaGas alerts:AltaGas (TSE:ALA – Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$0.08 earnings per share 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 analyst estimates of C$2.06 billion. Analysts forecast that AltaGas Ltd. will post 2.0099999 EPS for the current year.
AltaGas Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Friday, September 16th will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, September 15th. AltaGas's payout ratio is presently 115.31%.Wall Street Analyst Weigh In
A number of brokerages have recently commented on ALA. CSFB decreased their price objective on shares of AltaGas from C$35.00 to C$32.50 in a research report on Friday, July 22nd. Haywood Securities decreased their price objective on shares of AltaGas to C$32.50 and set an "underperform" rating for the company in a research report on Friday, July 22nd. BMO Capital Markets lifted their price objective on shares of AltaGas from C$36.00 to C$37.00 in a research report on Wednesday, July 6th. Royal Bank of Canada raised 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 note on Friday, May 27th. Finally, Raymond James raised their target price on shares of AltaGas from C$34.50 to C$35.50 and gave the stock an "outperform" rating in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$33.79.
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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