National Bank Financial Estimates AltaGas Q1 Earnings

AltaGas Ltd. (TSE:ALA) – Equities research analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for shares of AltaGas in a report released on Wednesday, April 23rd. National Bank Financial analyst P. Kenny forecasts that the company will earn $1.12 per share for the quarter. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. National Bank Financial also issued estimates for AltaGas’ FY2025 earnings at $2.20 EPS.

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%.

Other analysts have also issued research reports about the stock. CIBC lifted their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. JPMorgan Chase & Co. lifted their price objective on AltaGas from C$39.00 to C$41.00 in a report on Monday. Finally, Scotiabank increased their target price on AltaGas from C$40.00 to C$42.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.56.

AltaGas Trading Up 0.5 %

Shares of TSE:ALA opened at C$39.93 on Thursday. The firm has a market capitalization of C$11.89 billion, a price-to-earnings ratio of 23.14, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The business’s 50 day moving average price is C$37.67 and its 200-day moving average price is C$35.25. The company has a debt-to-equity ratio of 135.26, a current ratio of 1.03 and a quick ratio of 0.44. AltaGas has a 1 year low of C$29.51 and a 1 year high of C$40.35.

AltaGas Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.315 dividend. This is a boost from AltaGas’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Monday, March 17th. AltaGas’s dividend payout ratio is presently 68.98%.

Insiders Place Their Bets

In other news, Senior Officer Randy Warren Toone sold 92,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of C$39.19, for a total transaction of C$3,605,480.00. Also, Director Peter James Ledig sold 25,200 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total value of C$966,420.00. Insiders sold 398,414 shares of company stock valued at $15,302,227 in the last three months. 0.58% of the stock is currently owned by insiders.

About AltaGas

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.