Atb Cap Markets Brokers Lower Earnings Estimates for AltaGas

AltaGas Ltd. (TSE:ALA) – Analysts at Atb Cap Markets reduced their Q1 2025 earnings per share estimates for AltaGas in a research report issued to clients and investors on Sunday, March 9th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $1.12 per share for the quarter, down from their prior estimate of $1.14. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $1.15 EPS and FY2026 earnings at $2.36 EPS.

A number of other equities research analysts have also commented on the stock. CIBC increased their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Scotiabank upped their target price on shares of AltaGas from C$40.00 to C$42.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, AltaGas has an average rating of “Moderate Buy” and an average target price of C$39.11.

AltaGas Trading Down 0.5 %

Shares of ALA opened at C$38.17 on Wednesday. AltaGas has a 52-week low of C$28.63 and a 52-week high of C$38.61. The company has a market cap of C$11.36 billion, a price-to-earnings ratio of 22.12, a PEG ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. The stock has a fifty day moving average price of C$34.77 and a two-hundred day moving average price of C$34.18.

AltaGas (TSE:ALA) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.76 earnings per share for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%.

AltaGas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.298 dividend. This represents a $1.19 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Monday, December 16th. AltaGas’s payout ratio is currently 68.98%.

Insider Activity

In other news, Director Peter James Ledig sold 25,200 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total transaction of C$966,420.00. Also, Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of C$32.97 per share, with a total value of C$250,549.20. Corporate insiders own 0.58% of the company’s stock.

AltaGas Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.