Atb Cap Markets Has Bearish Estimate for AltaGas Q2 Earnings

AltaGas Ltd. (TSE:ALA) – Investment analysts at Atb Cap Markets reduced their Q2 2025 EPS estimates for shares of AltaGas in a note issued to investors on Thursday, May 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q4 2025 earnings at $0.83 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.87 EPS and FY2027 earnings at $2.66 EPS.

Several other analysts have also recently weighed in on ALA. Scotiabank lifted their price objective on shares of AltaGas from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. BMO Capital Markets raised their price objective on AltaGas from C$40.00 to C$43.00 in a research note on Friday, May 2nd. CIBC upped their target price on AltaGas from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. Veritas upgraded AltaGas to a “strong sell” rating in a research report on Friday, May 2nd. Finally, National Bankshares upped their price objective on shares of AltaGas from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, AltaGas has an average rating of “Moderate Buy” and a consensus price target of C$41.33.

AltaGas Stock Down 0.6 %

ALA opened at C$38.74 on Monday. The stock has a fifty day moving average of C$38.51 and a 200-day moving average of C$35.58. The company has a market capitalization of C$11.53 billion, a P/E ratio of 22.45, a P/E/G ratio of -4.97 and a beta of 1.23. AltaGas has a fifty-two week low of C$29.67 and a fifty-two week high of C$40.98. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.

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

Insider Buying and Selling at AltaGas

In other news, Director Peter James Ledig sold 13,361 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of C$40.04, for a total value of C$534,974.44. Also, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of AltaGas stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total value of C$5,474,432.00. Over the last three months, insiders sold 398,414 shares of company stock worth $15,302,227. 0.58% of the stock is currently owned by insiders.

AltaGas Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a dividend of $0.315 per share. The ex-dividend date was Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a yield of 3.25%. This is a positive change from AltaGas’s previous quarterly dividend of $0.30. AltaGas’s payout ratio is currently 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.