Bertram Grant Bradley Sells 15,000 Shares of AltaGas Ltd. (TSE:ALA) Stock

AltaGas Ltd. (TSE:ALA) Senior Officer Bertram Grant Bradley sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of C$30.59, for a total transaction of C$458,850.00.

Bertram Grant Bradley also recently made the following trade(s):

• On Monday, June 3rd, Bertram Grant Bradley sold 10,000 shares of AltaGas stock. The stock was sold at an average price of C$30.96, for a total transaction of C$309,600.00.

AltaGas Stock Performance

Shares of AltaGas stock opened at C$30.65 on Friday. The company has a market cap of C$9.08 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of -4.97 and a beta of 1.22. The company has a quick ratio of 0.44, a current ratio of 1.01 and a debt-to-equity ratio of 117.56. AltaGas Ltd. has a 52 week low of C$23.11 and a 52 week high of C$31.50. The business has a 50 day moving average price of C$30.47 and a 200-day moving average price of C$29.15.

AltaGas (TSE:ALA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.09. The firm had revenue of C$3.66 billion for the quarter, compared to the consensus estimate of C$4.13 billion. AltaGas had a net margin of 5.03% and a return on equity of 7.93%. Equities analysts anticipate that AltaGas Ltd. will post 2.1388695 earnings per share for the current fiscal year.

AltaGas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 28th will be issued a $0.298 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.89%. AltaGas’s dividend payout ratio (DPR) is presently 57.77%.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James lifted their target price on AltaGas from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. ATB Capital lifted their target price on shares of AltaGas from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. National Bankshares increased their price target on AltaGas from C$33.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. TD Securities boosted their price objective on AltaGas from C$32.00 to C$34.00 and gave the company a “buy” rating in a research note on Monday, March 11th. Finally, Scotiabank lifted their price objective on shares of AltaGas from C$33.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, AltaGas presently has a consensus rating of “Buy” and a consensus target price of C$35.00.

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.