AltaGas Ltd. (TSE:ALA – Get Ranking) – Analysts at Raymond James raised their FY2023 EPS estimates for AltaGas in a be aware issued to traders on Wednesday, July sixth. Raymond James analyst D. Quezada now anticipates that the corporate will submit income of $1.94 in line with percentage for the yr, up from their earlier estimate of $1.82. Raymond James lately has a “Outperform” ranking and a $35.50 goal value at the inventory. The consensus estimate for AltaGas’ present full-year income is $1.94 in line with percentage.
A variety of different analysis analysts additionally lately issued stories at the inventory. CSFB boosted their goal value on stocks of AltaGas from C$31.00 to C$35.00 in a analysis document on Monday, April eleventh. TD Securities boosted their goal value on stocks of AltaGas from C$33.00 to C$34.00 and gave the corporate a “purchase” ranking in a analysis document on Friday, Might twenty seventh. Canaccord Genuity Crew lifted their value purpose on stocks of AltaGas from C$35.00 to C$36.00 in a document on Friday, Might twenty seventh. Nationwide Bankshares lifted their value purpose on stocks of AltaGas from C$32.00 to C$33.00 and gave the corporate an “outperform” ranking in a document on Friday, Might twenty seventh. In any case, ATB Capital lifted their value purpose on stocks of AltaGas from C$34.00 to C$35.00 and gave the corporate an “outperform” ranking in a document on Friday, Might twenty seventh. One analyst has rated the inventory with a hang ranking and ten have issued a purchase ranking to the corporate. In keeping with information from MarketBeat, the inventory has a mean ranking of “Average Purchase” and a mean value goal of C$34.11.
TSE ALA opened at C$27.44 on Friday. The corporate has a marketplace capitalization of C$7.70 billion and a PE ratio of 31.18. The corporate has a fifty day transferring reasonable of C$28.42 and a 200 day transferring reasonable of C$28.11. AltaGas has a 1 yr low of C$24.16 and a 1 yr prime of C$31.16. The corporate has a debt-to-equity ratio of 114.82, a present ratio of one.11 and a handy guide a rough ratio of 0.69.
AltaGas (TSE:ALA – Get Ranking) ultimate posted its income effects on Thursday, April twenty eighth. The corporate reported C$1.01 income in line with percentage (EPS) for the quarter, beating analysts’ consensus estimates of C$0.92 via C$0.09. The industry had income of C$3.89 billion for the quarter, in comparison to analyst estimates of C$3.05 billion.
In different AltaGas information, Director Robert Bruce Hodgins bought 20,000 stocks of the industry’s inventory in a transaction dated Monday, Might thirtieth. The stocks have been bought at a mean value of C$30.30, for a complete price of C$605,946.00. Following the transaction, the director now without delay owns 11,500 stocks within the corporate, valued at roughly C$348,418.95. Additionally, Director Aaron Bishop bought 10,500 stocks of the industry’s inventory in a transaction dated Tuesday, June seventh. The stocks have been bought at a mean value of C$30.28, for a complete transaction of C$317,948.40. Following the final touch of the transaction, the director now owns 764 stocks within the corporate, valued at C$23,134.53. Within the ultimate 90 days, insiders have bought 190,562 stocks of corporate inventory valued at $5,779,949.
The company additionally lately disclosed a per 30 days dividend, which used to be paid on Thursday, June thirtieth. Buyers of document on Thursday, June sixteenth have been paid a dividend of $0.265 in line with percentage. This represents a $3.18 annualized dividend and a yield of eleven.59%. The ex-dividend date used to be Wednesday, June fifteenth. This can be a spice up from AltaGas’s earlier per 30 days dividend of $0.08. AltaGas’s dividend payout ratio is lately 115.31%.
AltaGas Corporate Profile (Get Ranking)
AltaGas Ltd. operates as an power infrastructure corporate in North The usa. The corporate operates via Utilities and Midstream segments. The Utilities section owns and operates rate-regulated herbal gasoline distribution and garage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving roughly 1.7 million shoppers.
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