AltaGas Ltd. (TSE:ALA) Senior Officer Donald Mark Jenkins Sells 1,800 Shares of Stock

AltaGas Ltd. (TSE:ALA) Senior Officer Donald Mark Jenkins sold 1,800 shares of AltaGas stock in a transaction on Monday, May 5th. The stock was sold at an average price of C$39.02, for a total transaction of C$70,236.00.

AltaGas Stock Down 2.0 %

Shares of TSE:ALA opened at C$37.96 on Friday. The company’s fifty day moving average is C$38.69 and its two-hundred day moving average is C$35.65. 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 Ltd. has a 1-year low of C$29.67 and a 1-year high of C$40.98. The stock has a market capitalization of C$11.30 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23.

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

AltaGas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.315 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a yield of 3.32%. This is a positive change from AltaGas’s previous quarterly dividend of $0.30. AltaGas’s payout ratio is currently 68.98%.

Analyst Upgrades and Downgrades

ALA has been the subject of several recent analyst reports. Veritas upgraded AltaGas to a “strong sell” rating in a research note on Friday, May 2nd. CIBC raised their price objective on AltaGas from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Jefferies Financial Group increased their target price on AltaGas from C$38.00 to C$40.00 in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their price target on shares of AltaGas from C$40.00 to C$43.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Finally, National Bankshares increased their price objective on shares of AltaGas from C$41.00 to C$44.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.33.

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.