AltaGas Ltd. (TSE:ALA – Free Report) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for AltaGas in a note issued to investors on Thursday, October 22nd. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $2.53 per share for the year, up from their prior 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.
AltaGas (TSE:ALA – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.31 earnings per share for the quarter. AltaGas had a net margin of 4.59% and a return on equity of 7.00%. The company had revenue of C$3.80 billion during the quarter.
A number of other equities research analysts have also commented on ALA. 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. Canadian Imperial Bank of Commerce downgraded AltaGas from an “outperformer” rating to a “hold” rating and set a C$58.00 price objective for the company. in a research report on Thursday, October 22nd. ATB Cormark Capital Markets boosted their price objective on AltaGas from C$60.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on AltaGas from C$55.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, AltaGas 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 Stock Down 0.2%
Shares of ALA opened at C$55.87 on Monday. The company has a market capitalization of C$17.43 billion, a P/E ratio of 28.22, a PEG ratio of -4.97 and a beta of 0.32. The company has a debt-to-equity ratio of 112.99, a current ratio of 0.86 and a quick ratio of 0.43. AltaGas has a one year low of C$39.45 and a one year high of C$57.52. The business’s 50 day simple moving average is C$53.80 and its 200-day simple moving average is C$50.78.
AltaGas Announces Dividend
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.
Featured Articles
- Five stocks we like better than AltaGas
- Coca-Cola Stock Is Everything AI Isn’t—And That’s Its Biggest Strength
- Apple’s Foldable iPhone Sold Out in Minutes, But Wall Street Has Questions
- Netflix Is Making Big Changes, But Can It Fix What’s Really Hurting Growth?
- Charging Ahead: Solid Power’s Pilot Line Leaves the Lab
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.
