Scotiabank Has Negative Estimate for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Equities research analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of AltaGas in a report issued on Thursday, July 23rd. Scotiabank analyst R. Hope now expects that the company will earn $2.45 per share for the year, down from their previous estimate of $2.46. Scotiabank currently has a “Sector Outperform” rating and a $62.00 target price on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

AltaGas (TSE:ALA) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$1.33 earnings per share for the quarter. AltaGas had a return on equity of 5.92% and a net margin of 4.02%.The company had revenue of C$3.97 billion during the quarter.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of AltaGas from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of AltaGas from C$49.00 to C$52.00 in a report on Tuesday, April 14th. National Bank Financial lifted their price objective on shares of AltaGas from C$52.00 to C$60.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, ATB Cormark Capital Markets boosted their target price on shares of AltaGas from C$54.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$54.88.

AltaGas Price Performance

TSE ALA opened at C$56.23 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.88 and a debt-to-equity ratio of 115.95. The company has a market cap of C$17.52 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of -4.97 and a beta of 0.35. AltaGas has a 52 week low of C$39.45 and a 52 week high of C$57.52. The firm’s 50-day simple moving average is C$54.33 and its two-hundred day simple moving average is C$49.22.

AltaGas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.334 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.34 annualized dividend and a dividend yield of 2.4%. AltaGas’s dividend payout ratio (DPR) is presently 77.99%.

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. Natural gas is sold and purchased for both commercial and industrial users.