AltaGas Ltd. (TSE:ALA – Free Report) – Investment analysts at Atb Cap Markets raised their FY2024 earnings per share estimates for shares of AltaGas in a report issued on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $2.12 for the year, up from their previous estimate of $2.10. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.
AltaGas (TSE:ALA – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.14 earnings per share for the quarter, beating the consensus estimate of C$0.12 by C$0.02. AltaGas had a return on equity of 5.78% and a net margin of 3.58%. The business had revenue of C$2.78 billion for the quarter, compared to analysts’ expectations of C$2.54 billion.
View Our Latest Stock Report on AltaGas
AltaGas Price Performance
Shares of TSE:ALA opened at C$33.71 on Friday. The stock’s fifty day simple moving average is C$34.04 and its two-hundred day simple moving average is C$31.79. The company has a current ratio of 0.85, a quick ratio of 0.44 and a debt-to-equity ratio of 115.50. The stock has a market cap of C$10.03 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. AltaGas has a 1-year low of C$24.67 and a 1-year high of C$35.77.
AltaGas Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, September 16th. AltaGas’s dividend payout ratio (DPR) is presently 82.07%.
Insider Buying and Selling at AltaGas
In other news, Director Aaron Bishop sold 19,820 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$33.58, for a total value of C$665,555.60. In other news, Director Aaron Bishop sold 19,820 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$33.58, for a total value of C$665,555.60. Also, Senior Officer Bertram Grant Bradley sold 7,500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of C$33.61, for a total transaction of C$252,075.00. Insiders have sold a total of 33,320 shares of company stock valued at $1,125,051 over the last three months. 0.58% of the stock is currently owned by insiders.
About AltaGas
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers.
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