AltaGas Ltd. (TSE:ALA – Free Report) – National Bank Financial issued their Q3 2024 earnings estimates for shares of AltaGas in a research report issued to clients and investors on Wednesday, October 23rd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings per share of $0.08 for the quarter. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.
AltaGas (TSE:ALA – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.14 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of C$2.54 billion.
Check Out Our Latest Stock Analysis on AltaGas
AltaGas Price Performance
TSE ALA opened at C$33.71 on Friday. The stock has a market cap of C$10.03 billion, a price-to-earnings ratio of 23.25, a PEG ratio of -4.97 and a beta of 1.23. AltaGas has a 12 month low of C$24.67 and a 12 month high of C$35.77. The company’s 50 day moving average is C$34.04 and its two-hundred day 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.
Insider Activity
In other news, Senior Officer Randy Warren Toone sold 3,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$33.82, for a total transaction of C$101,460.00. In other AltaGas news, Senior Officer Bertram Grant Bradley sold 7,500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$33.61, for a total transaction of C$252,075.00. Also, Senior Officer Randy Warren Toone sold 3,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of C$33.82, for a total value of C$101,460.00. Over the last quarter, insiders sold 33,320 shares of company stock valued at $1,125,051. Corporate insiders own 0.58% of the company’s stock.
AltaGas Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 27th were paid a $0.298 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.54%. AltaGas’s payout ratio is 82.07%.
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.
Recommended Stories
- Five stocks we like better than AltaGas
- Ride Out The Recession With These Dividend KingsĀ
- Texas Roadhouse Stock Steering for New Highs This Year
- What is the Dow Jones Industrial Average (DJIA)?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Golden Cross Stocks: Pattern, Examples and Charts
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for AltaGas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AltaGas and related companies with MarketBeat.com's FREE daily email newsletter.