AltaGas Ltd. (TSE:ALA – Free Report) – Investment analysts at Atb Cap Markets upped their Q3 2024 earnings per share (EPS) estimates for AltaGas in a research note issued to investors on Tuesday, October 22nd. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings per share of $0.10 for the quarter, up from their prior estimate of $0.09. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.
AltaGas (TSE:ALA – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.12 by C$0.02. The firm had revenue of C$2.78 billion during the quarter, compared to the consensus estimate of C$2.54 billion. AltaGas had a net margin of 3.58% and a return on equity of 5.78%.
Check Out Our Latest Stock Report on ALA
AltaGas Stock Performance
The company has a market capitalization of C$10.12 billion, a PE ratio of 23.28, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a quick ratio of 0.44, a current ratio of 0.85 and a debt-to-equity ratio of 115.50. AltaGas has a one year low of C$24.67 and a one year high of C$35.77. The firm has a 50-day moving average price of C$34.01 and a 200 day moving average price of C$31.76.
Insider Activity at AltaGas
In other AltaGas news, Director Aaron Bishop sold 19,820 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$33.58, for a total value of C$665,555.60. In other news, Director Aaron Bishop sold 19,820 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$33.58, for a total value of C$665,555.60. Also, Senior Officer Randy Warren Toone sold 3,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of C$35.32, for a total value of C$105,960.00. Over the last 90 days, insiders sold 33,320 shares of company stock worth $1,125,051. 0.58% of the stock is currently owned by company insiders.
AltaGas Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 27th were paid a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of ∞. The ex-dividend date was Monday, September 16th. AltaGas’s payout ratio is 82.07%.
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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