Altagas Ltd (TSE:ALA) declared a monthly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Thursday, January 25th will be given a dividend of 0.183 per share on Thursday, February 15th. This represents a $2.20 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Wednesday, January 24th.
Shares of Altagas (TSE:ALA) traded up C$0.02 on Wednesday, hitting C$25.98. The stock had a trading volume of 587,881 shares, compared to its average volume of 599,343. The firm has a market cap of $4,530.00, a PE ratio of 55.28 and a beta of 0.38. Altagas has a fifty-two week low of C$25.42 and a fifty-two week high of C$31.70.
A number of brokerages have commented on ALA. Canaccord Genuity decreased their price objective on Altagas from C$31.00 to C$28.00 in a research report on Wednesday. BMO Capital Markets reduced their price target on Altagas from C$32.00 to C$30.00 in a research report on Tuesday, February 6th. National Bank Financial lowered Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Sunday, January 28th. Raymond James Financial dropped their price objective on Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Monday, October 23rd. Finally, Scotiabank dropped their price target on Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$31.67.
In other news, Director David Wallace Cornhill sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of C$29.01, for a total transaction of C$116,040.00. Also, insider Peter Lauren Karl sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of C$29.66, for a total value of C$68,218.00.
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Altagas Company Profile
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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