AltaGas Ltd. (TSE:ALA - Get Free Report) Senior Officer Randy Warren Toone sold 40,000 shares of the company's stock in a transaction on Thursday, April 4th. The stock was sold at an average price of C$29.18, for a total transaction of C$1,167,200.00.
Randy Warren Toone also recently made the following trade(s):
- On Tuesday, March 26th, Randy Warren Toone sold 16,000 shares of AltaGas stock. The stock was sold at an average price of C$29.58, for a total transaction of C$473,200.00.
- On Friday, January 12th, Randy Warren Toone sold 5,036 shares of AltaGas stock. The shares were sold at an average price of C$28.30, for a total transaction of C$142,518.80.
AltaGas Price Performance
ALA opened at C$29.27 on Friday. The firm has a market cap of C$8.64 billion, a P/E ratio of 12.95, a PEG ratio of -4.97 and a beta of 1.22. The firm has a 50-day moving average of C$28.72 and a 200 day moving average of C$27.66. The company has a debt-to-equity ratio of 125.64, a quick ratio of 0.44 and a current ratio of 0.89. AltaGas Ltd. has a fifty-two week low of C$22.28 and a fifty-two week high of C$29.95.
AltaGas (TSE:ALA - Get Free Report) last posted its quarterly earnings results on Friday, March 8th. The company reported C$0.75 earnings per share for the quarter, meeting the consensus estimate of C$0.75. The company had revenue of C$3.29 billion during the quarter, compared to analyst estimates of C$4.11 billion. AltaGas had a net margin of 5.18% and a return on equity of 8.90%. On average, research analysts expect that AltaGas Ltd. will post 2.1540677 EPS for the current year.
AltaGas Increases Dividend
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The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a $0.298 dividend. This is an increase from AltaGas's previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 14th. This represents a $1.19 annualized dividend and a dividend yield of 4.07%. AltaGas's dividend payout ratio (DPR) is presently 52.65%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on ALA. TD Securities increased their target price on shares of AltaGas from C$32.00 to C$34.00 and gave the company a "buy" rating in a report on Monday, March 11th. National Bankshares increased their target price on shares of AltaGas from C$31.00 to C$33.00 and gave the company an "outperform" rating in a report on Tuesday, January 30th. Scotiabank increased their target price on shares of AltaGas from C$31.00 to C$33.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Jefferies Financial Group set a C$34.00 target price on shares of AltaGas and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, CIBC increased their target price on shares of AltaGas from C$34.00 to C$36.00 and gave the company an "outperform" rating in a report on Friday, December 29th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$33.75.
Check Out Our Latest Stock Report on AltaGas
About AltaGas
(
Get Free Report)
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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