AltaGas Ltd. (TSE:ALA) Director Sells C$966,420.00 in Stock

AltaGas Ltd. (TSE:ALA) Director Peter James Ledig sold 25,200 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$38.35, for a total transaction of C$966,420.00.

AltaGas Trading Down 0.5 %

Shares of TSE ALA opened at C$38.17 on Thursday. AltaGas Ltd. has a twelve month low of C$28.63 and a twelve month high of C$38.61. The stock has a market cap of C$11.36 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The company’s fifty day moving average is C$34.77 and its 200-day moving average is C$34.18.

AltaGas (TSE:ALA) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. Equities research analysts predict that AltaGas Ltd. will post 2.3006093 EPS for the current year.

AltaGas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, December 16th. AltaGas’s dividend payout ratio is presently 68.98%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ALA shares. Scotiabank increased their target price on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday. CIBC boosted their price target on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$39.11.

AltaGas Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.