AltaGas Ltd. (TSE:ALA) Senior Officer Sells C$473,200.00 in Stock

AltaGas Ltd. (TSE:ALA) Senior Officer Randy Warren Toone sold 16,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$29.58, for a total value of C$473,200.00.

Randy Warren Toone also recently made the following trade(s):

• On Friday, January 12th, Randy Warren Toone sold 5,036 shares of AltaGas stock. The shares were sold at an average price of C$28.30, for a total value of C$142,518.80.

AltaGas Stock Up 0.9 %

Shares of TSE:ALA traded up C$0.26 during mid-day trading on Thursday, hitting C$29.73. 407,533 shares of the company traded hands, compared to its average volume of 782,721. The firm has a market cap of C$8.78 billion, a P/E ratio of 13.10, a PEG ratio of -4.97 and a beta of 1.22. The company has a debt-to-equity ratio of 125.64, a quick ratio of 0.44 and a current ratio of 0.89. AltaGas Ltd. has a 52-week low of C$21.94 and a 52-week high of C$29.75. The firm’s 50 day simple moving average is C$28.54 and its 200 day simple moving average is C$27.56.

AltaGas Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 28th will be issued a dividend of $0.298 per share. This is an increase from AltaGas’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Thursday, March 14th. AltaGas’s dividend payout ratio (DPR) is presently 52.65%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. CIBC raised their price target on AltaGas from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Friday, December 29th. JPMorgan Chase & Co. decreased their price target on AltaGas from C$33.00 to C$32.00 and set an “overweight” rating on the stock in a research note on Monday, December 4th. National Bankshares raised their price target on AltaGas from C$31.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. TD Securities raised their price target on AltaGas from C$32.00 to C$34.00 and gave the stock a “buy” rating in a research note on Monday, March 11th. Finally, Jefferies Financial Group set a C$34.00 price objective on AltaGas and gave the stock a “buy” rating in a report on Tuesday, February 27th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$33.23.

About AltaGas

AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.