Altagas Ltd (TSE:ALA) announced a monthly dividend on Monday, September 11th, Zacks reports. Stockholders of record on Monday, September 25th will be given a dividend of 0.175 per share on Monday, October 16th. This represents a $2.10 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Friday, September 22nd.
Shares of Altagas (TSE:ALA) opened at 27.72 on Friday. The stock has a market cap of $4.76 billion and a PE ratio of 42.98. The stock has a 50 day moving average of $27.92 and a 200 day moving average of $29.82. Altagas has a 1-year low of $26.87 and a 1-year high of $35.55.
Altagas (TSE:ALA) last issued its quarterly earnings results on Thursday, July 27th. The company reported C$0.17 EPS for the quarter, topping analysts’ consensus estimates of C$0.16 by C$0.01. The business had revenue of C$539.00 million during the quarter, compared to the consensus estimate of C$633.11 million. Altagas had a net margin of 1.84% and a negative return on equity of 0.93%. Equities research analysts forecast that Altagas will post $0.95 EPS for the current year.
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A number of brokerages have recently commented on ALA. Canaccord Genuity lowered their price target on shares of Altagas from C$33.00 to C$31.00 and set a “hold” rating for the company in a report on Tuesday, July 25th. Royal Bank Of Canada lowered their price target on shares of Altagas from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a report on Friday, July 28th. Finally, BMO Capital Markets set a C$32.00 price target on shares of Altagas and gave the stock a “market perform” rating in a report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Altagas has an average rating of “Buy” and an average target price of C$35.11.
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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