National Bank Financial Predicts AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Equities research analysts at National Bank Financial raised their FY2026 earnings per share estimates for AltaGas in a report released on Sunday, March 9th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.49 per share for the year, up from their prior estimate of $2.48. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

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

ALA has been the topic of several other research reports. CIBC increased their price target on AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Scotiabank increased their price target on AltaGas from C$40.00 to C$42.00 in a report on Monday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$39.11.

AltaGas Trading Down 0.5 %

Shares of ALA stock opened at C$38.17 on Wednesday. AltaGas has a 12 month low of C$28.63 and a 12 month high of C$38.61. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The business’s 50 day moving average is C$34.77 and its two-hundred day moving average is C$34.18. The company has a market cap of C$11.36 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23.

Insider Buying and Selling

In related news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of C$33.90, for a total value of C$418,732.80. Also, Senior Officer Vernon Dai-Chung Yu bought 7,600 shares of AltaGas stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of C$32.97 per share, with a total value of C$250,549.20. 0.58% of the stock is owned by company insiders.

AltaGas Announces Dividend

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

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.