Scotiabank Has Positive Outlook for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Equities research analysts at Scotiabank lifted their FY2026 earnings per share estimates for AltaGas in a research report issued on Friday, April 10th. Scotiabank analyst R. Hope now expects that the company will post earnings per share of $2.44 for the year, up from their prior estimate of $2.34. Scotiabank currently has a “Outperform” rating and a $54.00 price target on the stock. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

ALA has been the subject of a number of other reports. TD Securities raised their target price on AltaGas from C$48.00 to C$51.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada raised their target price on AltaGas from C$48.00 to C$50.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets raised their target price on AltaGas from C$49.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. National Bank Financial raised their target price on AltaGas from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. Finally, Canadian Imperial Bank of Commerce raised their target price on AltaGas from C$47.00 to C$50.00 in a research report on Wednesday, December 17th. Seven investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.11.

AltaGas Stock Performance

TSE:ALA opened at C$48.84 on Monday. The company has a debt-to-equity ratio of 118.25, a current ratio of 0.82 and a quick ratio of 0.44. The business has a fifty day simple moving average of C$46.46 and a two-hundred day simple moving average of C$43.61. AltaGas has a 1 year low of C$37.08 and a 1 year high of C$50.27. The company has a market capitalization of C$15.20 billion, a P/E ratio of 19.69, a P/E/G ratio of -4.97 and a beta of 0.34.

AltaGas (TSE:ALA) last released its earnings results on Friday, March 6th. The company reported C$0.77 earnings per share (EPS) for the quarter. AltaGas had a return on equity of 8.74% and a net margin of 6.14%.The business had revenue of C$3.29 billion during the quarter.

AltaGas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.334 per share. This is a positive change from AltaGas’s previous quarterly dividend of $0.32. This represents a $1.34 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 16th. AltaGas’s dividend payout ratio is 50.81%.

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.