AltaGas Ltd. (TSE:ALA – Get Free Report) Senior Officer Randy Warren Toone sold 3,000 shares of AltaGas stock in a transaction dated Monday, September 16th. The shares were sold at an average price of C$35.32, for a total transaction of C$105,960.00.
Randy Warren Toone also recently made the following trade(s):
- On Thursday, August 29th, Randy Warren Toone sold 3,000 shares of AltaGas stock. The stock was sold at an average price of C$33.82, for a total transaction of C$101,460.00.
- On Friday, June 21st, Randy Warren Toone sold 20,000 shares of AltaGas stock. The stock was sold at an average price of C$29.85, for a total value of C$597,006.00.
AltaGas Stock Performance
Shares of ALA opened at C$35.31 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.44 and a debt-to-equity ratio of 115.50. The firm has a market cap of C$10.50 billion, a PE ratio of 24.35, a P/E/G ratio of -4.97 and a beta of 1.24. AltaGas Ltd. has a 12 month low of C$24.67 and a 12 month high of C$35.49. The stock has a fifty day moving average price of C$32.92 and a 200-day moving average price of C$30.99.
AltaGas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be given a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Monday, September 16th. AltaGas’s payout ratio is currently 82.07%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on ALA. JPMorgan Chase & Co. upped their target price on AltaGas from C$33.00 to C$36.00 in a report on Friday, July 19th. National Bankshares upped their price objective on shares of AltaGas from C$36.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. BMO Capital Markets raised their target price on shares of AltaGas from C$37.00 to C$40.00 in a research report on Thursday, September 5th. ATB Capital upped their price target on shares of AltaGas from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 30th. Finally, CIBC lifted their price objective on shares of AltaGas from C$38.00 to C$40.00 in a report on Monday, July 15th. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, AltaGas has an average rating of “Buy” and a consensus price target of C$37.40.
Read Our Latest Research Report on ALA
About AltaGas
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 1.6 million customers.
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