AltaGas Ltd. (TSE:ALA – Get Free Report) Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total value of C$5,474,432.00.
AltaGas Trading Down 0.7 %
TSE:ALA opened at C$38.03 on Friday. The stock has a market cap of C$11.32 billion, a price-to-earnings ratio of 22.04, a PEG ratio of -4.97 and a beta of 1.23. 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 company’s 50 day moving average price is C$34.96 and its 200-day moving average price is C$34.25. AltaGas Ltd. has a 52 week low of C$28.76 and a 52 week high of C$38.61.
AltaGas (TSE:ALA – Get Free Report) last issued its earnings results on Friday, March 7th. The company reported C$0.76 EPS for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%. On average, equities research analysts forecast that AltaGas Ltd. will post 2.3006093 earnings per share for the current fiscal year.
AltaGas Increases Dividend
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on ALA shares. Scotiabank lifted their price target on AltaGas from C$40.00 to C$42.00 in a research report on Monday, March 10th. CIBC lifted 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 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$39.11.
View Our Latest Stock Report on ALA
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.
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