Scotiabank Has Negative Opinion of AltaGas FY2026 Earnings

Posted by on Oct 7th, 2026

AltaGas Ltd. (TSE:ALA – Free Report) – Scotiabank cut their FY2026 EPS estimates for AltaGas in a research report issued on Thursday, October 1st. Scotiabank analyst R. Hope now anticipates that the company will earn $2.48 per share for the year, down from their previous estimate of $2.49. Scotiabank has a “Sector Outperform” rating and a $62.00 price target on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Scotiabank also issued estimates for AltaGas’ FY2027 earnings at $2.62 EPS.

AltaGas (TSE:ALA – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.31 EPS for the quarter. The business had revenue of C$3.80 billion for the quarter. AltaGas had a net margin of 4.59% and a return on equity of 7.00%.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of AltaGas from C$54.00 to C$59.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. ATB Cormark Capital Markets increased their price objective on AltaGas from C$60.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada raised their target price on AltaGas from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$56.56.

View Our Latest Research Report on AltaGas

AltaGas Stock Up 1.7%

AltaGas stock opened at C$54.52 on Monday. The firm has a 50 day moving average price of C$53.30 and a 200-day moving average price of C$52.61. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 112.99. AltaGas has a twelve month low of C$39.45 and a twelve month high of C$57.52. The company has a market capitalization of C$17.01 billion, a P/E ratio of 27.54, a P/E/G ratio of -4.97 and a beta of 0.32.

AltaGas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.3340 per share. The ex-dividend date was Wednesday, September 16th. This represents a $1.34 annualized dividend and a dividend yield of 2.5%. AltaGas’s dividend payout ratio is currently 65.56%.

AltaGas Company Profile

(Get Free Report)

AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.

Read More

Earnings History and Estimates for AltaGas (TSE:ALA)

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.