Analysts Set Expectations for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Stock analysts at National Bank Financial upped their FY2026 earnings per share estimates for AltaGas in a research note issued to investors on Sunday, March 9th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.49 per share for the year, up from their previous forecast of $2.48. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

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

AltaGas Trading Up 0.3 %

TSE ALA opened at C$38.30 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The stock’s 50 day moving average is C$34.87 and its 200 day moving average is C$34.21. AltaGas has a twelve month low of C$28.63 and a twelve month high of C$38.61. The firm has a market capitalization of C$11.40 billion, a PE ratio of 22.20, a P/E/G ratio of -4.97 and a beta of 1.23.

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

Insider Transactions at AltaGas

In related news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$33.90, for a total transaction of C$418,732.80. Also, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of C$38.00, for a total value of C$5,474,432.00. Insiders sold 181,616 shares of company stock worth $6,859,585 over the last quarter. 0.58% of the stock is currently owned by insiders.

AltaGas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Monday, December 16th. AltaGas’s dividend payout ratio is currently 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.