Weekly Investment Analysts’ Ratings Updates for Altagas (ALA)

A number of research firms have changed their ratings and price targets for Altagas (TSE: ALA):

  • 11/1/2018 – Altagas had its price target lowered by analysts at TD Securities from C$25.00 to C$22.00. They now have a “buy” rating on the stock.
  • 10/31/2018 – Altagas had its price target lowered by analysts at Raymond James from C$22.00 to C$19.00. They now have an “underperform” rating on the stock.
  • 10/31/2018 – Altagas had its price target lowered by analysts at Royal Bank of Canada from C$28.00 to C$20.00. They now have a “sector perform” rating on the stock.
  • 10/31/2018 – Altagas had its price target lowered by analysts at National Bank Financial from C$26.00 to C$18.00. They now have a “sector perform” rating on the stock.
  • 10/31/2018 – Altagas had its price target lowered by analysts at BMO Capital Markets from C$23.00 to C$20.00. They now have a “market perform” rating on the stock.
  • 10/31/2018 – Altagas was upgraded by analysts at Desjardins from a “hold” rating to a “buy” rating. They now have a C$24.00 price target on the stock, down previously from C$26.00.
  • 10/29/2018 – Altagas had its price target lowered by analysts at Industrial Alliance Securities from C$28.50 to C$27.00.
  • 10/26/2018 – Altagas was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating. They now have a C$24.00 price target on the stock, down previously from C$30.00.
  • 10/26/2018 – Altagas had its price target lowered by analysts at TD Securities from C$32.00 to C$25.00. They now have a “buy” rating on the stock.
  • 10/5/2018 – Altagas had its price target lowered by analysts at Raymond James from C$24.00 to C$22.00.
  • 9/17/2018 – Altagas had its price target lowered by analysts at BMO Capital Markets from C$26.00 to C$23.00.
  • 9/17/2018 – Altagas had its price target lowered by analysts at Industrial Alliance Securities from C$29.50 to C$28.50.
  • 9/14/2018 – Altagas had its price target lowered by analysts at National Bank Financial from C$28.00 to C$26.00. They now have a “sector perform” rating on the stock.
  • 9/14/2018 – Altagas had its price target lowered by analysts at Canaccord Genuity from C$26.00 to C$24.00.
  • 9/11/2018 – Altagas had its price target lowered by analysts at BMO Capital Markets from C$27.00 to C$26.00.
  • 9/11/2018 – Altagas had its price target lowered by analysts at CIBC from C$32.00 to C$30.00.

Altagas stock opened at C$16.05 on Wednesday. Altagas Ltd has a 52-week low of C$14.25 and a 52-week high of C$30.06.

The firm also recently declared a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, November 26th will be paid a dividend of $0.183 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.68%. The ex-dividend date of this dividend is Friday, November 23rd.

In other news, insider Jared Blake Green sold 4,750 shares of the stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of C$21.02, for a total value of C$99,845.00. Also, Director Phillip R. Knoll bought 2,500 shares of Altagas stock in a transaction dated Tuesday, September 25th. The stock was purchased at an average cost of C$20.91 per share, for a total transaction of C$52,275.00.

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and separation, transmission, and storage; and natural gas and NGL marketing activities, as well as buying and selling natural gas.

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