AltaGas Ltd. (TSE:ALA) Senior Officer Donald Mark Jenkins Sells 12,352 Shares

AltaGas Ltd. (TSE:ALA) Senior Officer Donald Mark Jenkins sold 12,352 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of C$33.90, for a total transaction of C$418,732.80.

AltaGas Stock Up 0.3 %

AltaGas stock opened at C$33.57 on Thursday. AltaGas Ltd. has a fifty-two week low of C$26.91 and a fifty-two week 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 firm has a market capitalization of C$9.98 billion, a price-to-earnings ratio of 23.15, a PEG ratio of -4.97 and a beta of 1.23. The company’s 50 day simple moving average is C$33.66 and its 200 day simple moving average is C$33.17.

AltaGas Announces Dividend

The company 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. This represents a $1.19 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Monday, December 16th. AltaGas’s dividend payout ratio (DPR) is 82.07%.

Analyst Upgrades and Downgrades

ALA has been the topic of a number of research reports. CIBC upped their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Royal Bank of Canada increased their price objective on AltaGas from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. downgraded AltaGas from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from C$36.00 to C$37.00 in a research report on Wednesday, October 23rd. Jefferies Financial Group lifted their price objective on AltaGas from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, ATB Capital set a C$36.00 target price on shares of AltaGas and gave the company an “outperform” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, AltaGas currently has an average rating of “Moderate Buy” and an average price target of C$38.30.

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.