AltaGas Ltd. (TSE:ALA – Free Report) – Equities researchers at Scotiabank boosted their FY2026 earnings per share estimates for AltaGas in a research report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now anticipates that the company will earn $2.53 per share for the year, up from their previous forecast of $2.48. Scotiabank has a “Sector Outperform” rating and a $62.00 price objective on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.
Several other analysts have also weighed in on the stock. ATB Cormark Capital Markets raised their price objective on shares of AltaGas from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Canadian Imperial Bank of Commerce downgraded AltaGas from an “outperformer” rating to a “hold” rating and set a C$58.00 target price on the stock. in a report on Thursday, October 22nd. Royal Bank Of Canada boosted their target price on AltaGas from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, BMO Capital Markets increased their price target on AltaGas from C$54.00 to C$59.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, AltaGas presently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.44.
Check Out Our Latest Stock Report on ALA
AltaGas Price Performance
TSE:ALA opened at C$55.99 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 112.99. The firm has a market cap of C$17.47 billion, a PE ratio of 28.28, a price-to-earnings-growth ratio of -4.97 and a beta of 0.32. AltaGas has a 12 month low of C$39.45 and a 12 month high of C$57.52. The company’s 50-day moving average price is C$53.74 and its two-hundred day moving average price is C$50.71.
AltaGas (TSE:ALA – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. AltaGas had a net margin of 4.59% and a return on equity of 7.00%. The firm had revenue of C$3.80 billion during the quarter.
AltaGas Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.3340 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, September 16th. AltaGas’s dividend payout ratio is presently 65.56%.
About AltaGas
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.
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