National Bank Financial Weighs in on AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Stock analysts at National Bank Financial issued their FY2026 earnings per share estimates for shares of AltaGas in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $2.48 per share for the year. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. National Bank Financial also issued estimates for AltaGas’ FY2027 earnings at $2.89 EPS.

A number of other brokerages have also recently commented on ALA. Scotiabank upped their target price on shares of AltaGas from C$38.00 to C$39.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. ATB Capital set a C$36.00 price objective on AltaGas and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Royal Bank of Canada lifted their target price on AltaGas from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group upped their price target on AltaGas from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, CIBC lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$38.30.

AltaGas Stock Down 0.5 %

ALA stock opened at C$33.94 on Thursday. AltaGas has a 12 month low of C$26.91 and a 12 month high of C$35.77. The company has a debt-to-equity ratio of 115.50, a current ratio of 0.85 and a quick ratio of 0.44. The company has a market cap of C$10.09 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a fifty day moving average price of C$33.62 and a 200 day moving average price of C$33.06.

AltaGas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.298 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.51%. AltaGas’s dividend payout ratio is presently 82.07%.

Insider Activity at AltaGas

In other news, Senior Officer Vernon Dai-Chung Yu bought 7,600 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average price of C$32.97 per share, with a total value of C$250,549.20. Company insiders own 0.58% of the company’s stock.

AltaGas Company Profile

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.