AltaGas Ltd. Senior Officer Sells Shares Worth C$583,680

On March 21st, Senior Officer James Harbilas of AltaGas Ltd. (TSE:ALA - Get Free Report) sold 15,200 shares of the company's stock. The shares were sold at an average price of C$38.40, resulting in a total transaction value of C$583,680.00.

Current Trading Status of AltaGas

As of Monday's trading session, ALA stock decreased slightly by 0.2%, falling by C$0.09 to a price of C$38.42. The trading volume stood at 81,385 shares, which is significantly lower compared to its average trading volume of 905,367 shares. Over the past year, AltaGas shares reached a low of C$28.76 and a high of C$38.75. The company's 50-day simple moving average is C$35.37, and the 200-day simple moving average is C$34.41. Currently, AltaGas has a market capitalization of C$11.44 billion, with a price-to-earnings (P/E) ratio of 22.27 and a beta value of 1.23. Additionally, the company has a quick ratio of 0.44 and a current ratio of 1.03, with a debt-to-equity ratio of 135.26.

Recent Earnings Report

AltaGas Ltd. released its latest earnings results on March 7th, showcasing earnings per share of C$0.76 for the quarter. The company has maintained a net margin of 4.04% and a return on equity of 6.36%. Analysts predict that AltaGas will report earnings per share of around 2.30 for the current fiscal year.

Dividend Announcement

In a recent update, AltaGas has increased its quarterly dividend, which will be distributed on March 31st. Shareholders recorded on that date will receive a dividend of $0.315 per share, amounting to an annualized total of $1.26 and a dividend yield of 3.28%. This marks an increase from the previous quarterly dividend of $0.30. The ex-dividend date is set for March 17th, and the current dividend payout ratio stands at 68.98%.

Analyst Ratings and Price Targets

About AltaGas Ltd.

AltaGas Ltd. is engaged in operating a variety of energy infrastructure businesses across North America. The company's operations are categorized into four main segments: Midstream, Power, Utilities, and Corporate. Its utility segment is focused on managing regulated natural gas distribution assets, while its midstream segment is involved in activities related to natural gas liquids, processing, extraction, transportation, and storage.

AltaGas, Stock, Transaction