Atb Cap Markets Issues Negative Outlook for AltaGas Earnings

AltaGas Ltd. (TSE:ALA) – Equities researchers at Atb Cap Markets lowered their FY2025 EPS estimates for AltaGas in a research note issued to investors on Thursday, October 30th. Atb Cap Markets analyst N. Heywood now expects that the company will earn $2.19 per share for the year, down from their previous estimate of $2.22. 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 $0.74 EPS, Q2 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.13 EPS, FY2026 earnings at $2.28 EPS and FY2027 earnings at $2.58 EPS.

Other analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of AltaGas from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. Jefferies Financial Group raised their price target on shares of AltaGas from C$47.00 to C$48.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada raised their price target on shares of AltaGas from C$44.00 to C$48.00 in a report on Friday. CIBC lifted their target price on shares of AltaGas from C$46.00 to C$47.00 in a report on Friday. Finally, ATB Capital lifted their target price on shares of AltaGas from C$42.00 to C$43.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$45.67.

AltaGas Price Performance

TSE:ALA opened at C$41.17 on Monday. The firm’s fifty day moving average is C$42.07 and its two-hundred day moving average is C$40.37. The firm has a market cap of C$12.33 billion, a price-to-earnings ratio of 16.53, a PEG ratio of -4.97 and a beta of 0.13. 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 has a one year low of C$32.02 and a one year high of C$43.81.

AltaGas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 16th. AltaGas’s dividend payout ratio is presently 49.90%.

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.