Altagas Ltd (TSE:ALA) – Equities researchers at National Bank Financial issued their FY2021 earnings per share (EPS) estimates for shares of Altagas in a report released on Sunday, March 22nd. National Bank Financial analyst P. Kenny expects that the company will earn $1.27 per share for the year. National Bank Financial has a “Outperform” rating and a $17.00 price target on the stock.
ALA has been the topic of a number of other reports. Canaccord Genuity decreased their target price on Altagas from C$23.00 to C$16.00 in a research report on Friday, March 20th. Raymond James reiterated a “market perform” rating and issued a C$21.00 target price on shares of Altagas in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their target price on Altagas from C$21.00 to C$22.00 in a research report on Wednesday, December 18th. TD Securities boosted their target price on Altagas from C$23.00 to C$24.00 in a research report on Monday, March 2nd. Finally, CIBC decreased their target price on Altagas from C$23.00 to C$19.00 in a research report on Wednesday, March 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$20.90.
TSE:ALA opened at C$12.57 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.43 and a debt-to-equity ratio of 101.66. The company has a market capitalization of $2.58 billion and a P/E ratio of 4.54. Altagas has a 12 month low of C$8.71 and a 12 month high of C$22.74. The business’s 50-day moving average is C$18.53 and its 200 day moving average is C$19.36.
Altagas (TSE:ALA) last posted its earnings results on Friday, February 28th. The company reported C$0.67 EPS for the quarter, topping analysts’ consensus estimates of C$0.55 by C$0.12. The firm had revenue of C$1.53 billion during the quarter, compared to analysts’ expectations of C$1.77 billion.
The business also recently disclosed a monthly dividend, which was paid on Monday, March 16th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.96 annualized dividend and a yield of 7.64%. Altagas’s payout ratio is currently 34.66%.
Altagas Company Profile
AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.
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