Scotiabank Has Negative Outlook for AltaGas FY2025 Earnings

AltaGas Ltd. (TSE:ALA) – Research analysts at Scotiabank lowered their FY2025 EPS estimates for AltaGas in a report released on Wednesday, March 19th. Scotiabank analyst R. Hope now expects that the company will post earnings of $2.22 per share for the year, down from their previous estimate of $2.24. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas’ FY2026 earnings at $2.49 EPS.

AltaGas (TSE:ALA) last posted its quarterly earnings results 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%.

Separately, CIBC lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.11.

AltaGas Price Performance

Shares of TSE:ALA opened at C$39.05 on Monday. The firm has a market capitalization of C$11.62 billion, a PE ratio of 22.63, 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 has a 50-day moving average price of C$35.57 and a two-hundred day moving average price of C$34.47. AltaGas has a twelve month low of C$28.76 and a twelve month high of C$39.28.

Insiders Place Their Bets

In related news, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$38.00, for a total value of C$5,474,432.00. Also, Senior Officer Donald Mark Jenkins sold 12,352 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$33.90, for a total value of C$418,732.80. Insiders have sold 305,405 shares of company stock worth $11,580,506 in the last ninety days. 0.58% of the stock is currently owned by insiders.

AltaGas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a yield of 3.23%. This is a boost from AltaGas’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, March 17th. AltaGas’s payout ratio is presently 68.98%.

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.