Q4 2024 Earnings Forecast for AltaGas Ltd. Issued By Atb Cap Markets (TSE:ALA)

AltaGas Ltd. (TSE:ALAFree Report) – Investment analysts at Atb Cap Markets dropped their Q4 2024 earnings estimates for shares of AltaGas in a research note issued to investors on Tuesday, March 12th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $0.84 for the quarter, down from their previous forecast of $0.86. The consensus estimate for AltaGas’ current full-year earnings is $2.10 per share.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their target price on AltaGas from C$33.00 to C$32.00 and set an “overweight” rating for the company in a research report on Monday, December 4th. Jefferies Financial Group set a C$34.00 price objective on AltaGas and gave the company a “buy” rating in a research note on Tuesday, February 27th. TD Securities upped their price target on AltaGas from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research note on Monday. Scotiabank increased their price objective on AltaGas from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, National Bankshares increased their price objective on AltaGas from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$33.23.

Read Our Latest Stock Analysis on AltaGas

AltaGas Stock Up 0.3 %

TSE ALA opened at C$29.03 on Friday. AltaGas has a 52 week low of C$21.25 and a 52 week high of C$29.68. The company has a quick ratio of 0.44, a current ratio of 0.82 and a debt-to-equity ratio of 114.73. The business’s fifty day simple moving average is C$28.36 and its 200-day simple moving average is C$27.38. The firm has a market cap of C$8.54 billion, a PE ratio of 14.16, a P/E/G ratio of -4.97 and a beta of 1.22.

AltaGas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th will be paid a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from AltaGas’s previous quarterly dividend of $0.28. AltaGas’s payout ratio is currently 58.05%.

Insider Transactions at AltaGas

In related news, Senior Officer Randy Warren Toone sold 5,036 shares of AltaGas stock in a transaction on Friday, January 12th. The stock was sold at an average price of C$28.30, for a total value of C$142,518.80. Company insiders own 0.63% of the company’s stock.

AltaGas Company Profile

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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 1.7 million customers.

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Earnings History and Estimates for AltaGas (TSE:ALA)

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