AltaGas Ltd. (TSE:ALA) Senior Officer Corine Renae Knight Bushfield Sells 144,064 Shares

AltaGas Ltd. (TSE:ALA) Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total transaction of C$5,474,432.00.

AltaGas Price Performance

Shares of TSE ALA traded down C$0.19 during midday trading on Thursday, reaching C$37.98. The company’s stock had a trading volume of 92,838 shares, compared to its average volume of 872,547. The company has a market cap of C$11.31 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. AltaGas Ltd. has a one year low of C$28.63 and a one year high of C$38.61. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The company has a 50 day moving average price of C$34.77 and a 200 day moving average price of C$34.18.

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 return on equity of 6.36% and a net margin of 4.04%. On average, equities research analysts expect that AltaGas Ltd. will post 2.3006093 EPS for the current year.

AltaGas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a $0.298 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.14%. AltaGas’s dividend payout ratio is currently 68.98%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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 report on Thursday, January 9th. Scotiabank lifted their target price on AltaGas from C$40.00 to C$42.00 in a research note on Monday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.