AltaGas Ltd. (TSE:ALA) Senior Officer Randy Warren Toone Sells 3,000 Shares

AltaGas Ltd. (TSE:ALA) 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 (TSE:ALA) last announced its 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 company had revenue of C$2.78 billion for the quarter, compared to analyst estimates of C$2.54 billion. AltaGas had a return on equity of 5.78% and a net margin of 3.58%.

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.

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.