AltaGas (TSE:ALA – Free Report) had its price target boosted by National Bankshares from C$35.00 to C$36.00 in a research report sent to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other analysts have also recently weighed in on the stock. Scotiabank increased their price target on shares of AltaGas from C$33.00 to C$35.00 and gave the stock an outperform rating in a research note on Friday, May 3rd. Royal Bank of Canada raised their price target on AltaGas from C$32.00 to C$34.00 and gave the stock an outperform rating in a report on Friday, May 3rd. Jefferies Financial Group upped their price objective on AltaGas from C$34.00 to C$37.00 and gave the company a buy rating in a research note on Monday, July 29th. BMO Capital Markets lifted their target price on AltaGas from C$36.00 to C$37.00 and gave the company an outperform rating in a research note on Thursday, May 30th. Finally, ATB Capital boosted their target price on AltaGas from C$35.00 to C$36.00 and gave the company an outperform rating in a report on Thursday, May 30th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and an average target price of C$36.60.
View Our Latest Analysis on AltaGas
AltaGas Trading Down 2.1 %
AltaGas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a dividend yield of 3.62%. The ex-dividend date is Monday, September 16th. AltaGas’s dividend payout ratio is 57.77%.
Insider Transactions at AltaGas
In related news, Senior Officer James Harbilas sold 100,000 shares of AltaGas stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of C$30.45, for a total transaction of C$3,045,000.00. In related news, Senior Officer James Harbilas sold 100,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$30.45, for a total transaction of C$3,045,000.00. Also, Director Deborah Susan Stein sold 1,650 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of C$30.64, for a total value of C$50,556.00. In the last ninety days, insiders acquired 20,500 shares of company stock valued at $627,795 and sold 146,650 shares valued at $4,461,012. Company insiders own 0.57% of the company’s stock.
AltaGas Company Profile
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.
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