AltaGas Ltd. (TSE:ALA) Senior Officer Sells C$458,850.00 in Stock

AltaGas Ltd. (TSE:ALA) Senior Officer Bertram Grant Bradley sold 15,000 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$30.59, for a total value of C$458,850.00.

Bertram Grant Bradley also recently made the following trade(s):

• On Monday, June 3rd, Bertram Grant Bradley sold 10,000 shares of AltaGas stock. The stock was sold at an average price of C$30.96, for a total value of C$309,600.00.

AltaGas Price Performance

Shares of ALA stock opened at C$30.91 on Friday. AltaGas Ltd. has a 1-year low of C$23.15 and a 1-year high of C$31.50. The stock’s 50-day moving average is C$30.49 and its 200 day moving average is C$29.17. The company has a market cap of C$9.16 billion, a P/E ratio of 15.00, a PEG ratio of -4.97 and a beta of 1.22. The company has a debt-to-equity ratio of 117.56, a current ratio of 1.01 and a quick ratio of 0.44.

AltaGas (TSE:ALA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$1.14 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.09. AltaGas had a return on equity of 7.93% and a net margin of 5.03%. The company had revenue of C$3.66 billion for the quarter, compared to the consensus estimate of C$4.13 billion. Research analysts predict that AltaGas Ltd. will post 2.1388695 earnings per share for the current fiscal year.

AltaGas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were given a dividend of $0.298 per share. This represents a $1.19 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, June 14th. AltaGas’s payout ratio is currently 57.77%.

Analyst Upgrades and Downgrades

ALA has been the topic of a number of recent analyst reports. Scotiabank increased their target price on AltaGas from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Raymond James increased their target price on AltaGas from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. BMO Capital Markets increased their target price on AltaGas from C$36.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. TD Securities increased their price target on AltaGas from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research report on Monday, March 11th. Finally, CIBC increased their price target on AltaGas from C$36.00 to C$38.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$35.00.

AltaGas Company Profile

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.