Altagas Ltd (TSE:ALA) has been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$19.59.
ALA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a C$14.00 price objective on shares of Altagas in a report on Wednesday, December 19th. Desjardins boosted their price objective on shares of Altagas from C$16.00 to C$19.00 in a research note on Friday, March 1st. BMO Capital Markets decreased their target price on shares of Altagas from C$20.00 to C$17.00 and set a “market perform” rating on the stock in a research report on Friday, December 14th. National Bank Financial boosted their target price on shares of Altagas from C$16.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, Raymond James decreased their price objective on shares of Altagas from C$24.00 to C$22.00 in a research report on Wednesday, January 9th.
Shares of TSE ALA traded down C$0.20 during midday trading on Wednesday, hitting C$17.62. The company’s stock had a trading volume of 472,157 shares, compared to its average volume of 1,274,558. Altagas has a 1 year low of C$11.87 and a 1 year high of C$28.45. The company has a debt-to-equity ratio of 133.07, a quick ratio of 0.40 and a current ratio of 0.98. The firm has a market cap of $4.79 billion and a price-to-earnings ratio of -7.83.
The firm also recently declared a monthly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 25th were issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Friday, February 22nd. Altagas’s dividend payout ratio (DPR) is -92.61%.
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.
See Also: Retained Earnings
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