AltaGas Ltd. (TSE:ALA – Get Free Report) Senior Officer Randy Warren Toone sold 3,000 shares of AltaGas stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$35.32, for a total value of C$105,960.00.
Randy Warren Toone also recently made the following trade(s):
- On Thursday, August 29th, Randy Warren Toone sold 3,000 shares of AltaGas stock. The stock was sold at an average price of C$33.82, for a total transaction of C$101,460.00.
- On Friday, June 21st, Randy Warren Toone sold 20,000 shares of AltaGas stock. The shares were sold at an average price of C$29.85, for a total transaction of C$597,006.00.
AltaGas Price Performance
The company has a market cap of C$10.50 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of -4.97 and a beta of 1.24. The company has a quick ratio of 0.44, a current ratio of 0.85 and a debt-to-equity ratio of 115.50. AltaGas Ltd. has a 52 week low of C$24.67 and a 52 week high of C$35.49. The company’s 50 day moving average is C$32.92 and its two-hundred day moving average is C$30.99.
AltaGas Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a $0.298 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.19 dividend on an annualized basis and a dividend yield of ∞. AltaGas’s dividend payout ratio (DPR) is 82.07%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. BMO Capital Markets lifted their target price on shares of AltaGas from C$37.00 to C$40.00 in a report on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on shares of AltaGas from C$33.00 to C$36.00 in a research report on Friday, July 19th. Scotiabank increased their price target on AltaGas from C$36.00 to C$38.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th. ATB Capital increased their price objective on shares of AltaGas from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Finally, Jefferies Financial Group boosted their target price on shares of AltaGas from C$34.00 to C$37.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, AltaGas currently has a consensus rating of “Buy” and an average price target of C$37.40.
Get Our Latest Analysis on AltaGas
AltaGas Company Profile
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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