Atb Cap Markets Has Weak Outlook for AltaGas FY2025 Earnings

AltaGas Ltd. (TSE:ALA) – Equities researchers at Atb Cap Markets reduced their FY2025 earnings per share (EPS) estimates for AltaGas in a note issued to investors on Thursday, October 30th. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $2.19 per share for the year, down from their previous estimate of $2.22. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q4 2025 earnings at $0.74 EPS, Q2 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.13 EPS, FY2026 earnings at $2.28 EPS and FY2027 earnings at $2.58 EPS.

A number of other research firms also recently issued reports on ALA. Jefferies Financial Group lifted their price target on AltaGas from C$47.00 to C$48.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. ATB Capital raised their target price on AltaGas from C$42.00 to C$43.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Scotiabank raised their target price on AltaGas from C$46.00 to C$48.00 and gave the company an “outperform” rating in a report on Monday, October 6th. TD Securities raised their target price on AltaGas from C$45.00 to C$48.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their target price on AltaGas from C$44.00 to C$48.00 in a report on Friday, October 31st. Seven analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.67.

AltaGas Stock Down 1.8%

Shares of TSE:ALA opened at C$40.27 on Monday. The business’s 50 day simple moving average is C$42.05 and its two-hundred day simple moving average is C$40.38. The firm has a market cap of C$12.06 billion, a P/E ratio of 16.17, a PEG ratio of -4.97 and a beta of 0.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. AltaGas has a 52-week low of C$32.02 and a 52-week high of C$43.81.

AltaGas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were issued a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, September 16th. AltaGas’s dividend payout ratio (DPR) is 49.90%.

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.