Analysts Issue Forecasts for AltaGas’ Q1 Earnings (TSE:ALA)

AltaGas Ltd. (TSE:ALA) – Atb Cap Markets upped their Q1 2025 earnings per share estimates for shares of AltaGas in a research report issued to clients and investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $1.13 for the quarter, up from their previous estimate of $1.12. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

AltaGas (TSE:ALA) last issued its 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%.

Several other equities research analysts have also weighed in on ALA. Scotiabank raised their target price on AltaGas from C$40.00 to C$42.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. increased their price objective on AltaGas from C$39.00 to C$41.00 in a report on Monday, April 21st. Finally, CIBC lifted their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$39.56.

AltaGas Price Performance

Shares of TSE ALA opened at C$40.69 on Monday. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. AltaGas has a fifty-two week low of C$29.51 and a fifty-two week high of C$40.93. The firm has a market capitalization of C$12.11 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The stock’s 50-day simple moving average is C$38.01 and its 200-day simple moving average is C$35.38.

AltaGas Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a $0.315 dividend. This represents a $1.26 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Monday, March 17th. This is a boost from AltaGas’s previous quarterly dividend of $0.30. AltaGas’s dividend payout ratio (DPR) is 68.98%.

Insider Transactions at AltaGas

In other news, Senior Officer Randy Warren Toone sold 92,000 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of C$39.19, for a total value of C$3,605,480.00. Also, Director Peter James Ledig sold 25,200 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00. In the last quarter, insiders sold 398,414 shares of company stock worth $15,302,227. Company insiders own 0.58% of the company’s stock.

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.