Q1 Earnings Estimate for AltaGas Issued By Atb Cap Markets

AltaGas Ltd. (TSE:ALA) – Research analysts at Atb Cap Markets cut their Q1 2025 EPS estimates for shares of AltaGas in a note issued to investors on Sunday, March 9th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $1.12 per share for the quarter, down from their prior forecast of $1.14. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $1.15 EPS and FY2026 earnings at $2.36 EPS.

AltaGas (TSE:ALA) last released its quarterly earnings results 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%.

A number of other research firms also recently issued reports on ALA. Scotiabank boosted their target price on shares of AltaGas from C$40.00 to C$42.00 in a research report on Monday. CIBC boosted their price target on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, AltaGas currently has a consensus rating of “Moderate Buy” and an average price target of C$39.11.

AltaGas Trading Down 0.5 %

TSE:ALA opened at C$38.17 on Wednesday. AltaGas has a 52 week low of C$28.63 and a 52 week high of C$38.61. The firm’s fifty day moving average is C$34.77 and its 200-day moving average is C$34.18. The firm has a market cap of C$11.36 billion, a P/E ratio of 22.12, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.

Insider Buying and Selling at AltaGas

In related news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$33.90, for a total value of C$418,732.80. Also, Director Peter James Ledig sold 25,200 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00. Corporate insiders own 0.58% of the company’s stock.

AltaGas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.298 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.12%. AltaGas’s dividend payout ratio (DPR) is presently 68.98%.

About AltaGas

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.