FY2025 Earnings Forecast for AltaGas Issued By Scotiabank

AltaGas Ltd. (TSE:ALA) – Research analysts at Scotiabank cut their FY2025 earnings estimates for shares of AltaGas in a note issued to investors on Wednesday, March 19th. Scotiabank analyst R. Hope now anticipates that the company will post earnings of $2.22 per share for the year, down from their previous estimate of $2.24. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas’ FY2026 earnings at $2.49 EPS.

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

Separately, CIBC lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AltaGas has a consensus rating of “Moderate Buy” and an average price target of C$39.11.

AltaGas Price Performance

AltaGas stock opened at C$38.51 on Monday. The stock has a market cap of C$11.46 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a fifty day simple moving average of C$35.37 and a 200-day simple moving average of C$34.41. AltaGas has a 12-month low of C$28.76 and a 12-month 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.

Insider Activity

In other news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of C$33.90, for a total value of C$418,732.80. Also, Senior Officer Corine Renae Knight Bushfield sold 108,589 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of C$38.10, for a total transaction of C$4,137,240.90. Over the last three months, insiders sold 290,205 shares of company stock valued at $10,996,826. Insiders own 0.58% of the company’s stock.

AltaGas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a $0.315 dividend. The ex-dividend date is Monday, March 17th. This is a boost from AltaGas’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 3.27%. AltaGas’s payout ratio is 68.98%.

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.