FY2026 EPS Estimates for AltaGas Lifted by Analyst

AltaGas Ltd. (TSE:ALA) – Investment analysts at National Bank Financial raised their FY2026 earnings per share estimates for AltaGas in a report released on Sunday, March 9th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $2.49 per share for the year, up from their previous forecast of $2.48. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

A number of other research analysts have also weighed in on the stock. CIBC boosted their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Scotiabank upped their target price on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$39.11.

AltaGas Trading Down 0.6 %

AltaGas stock opened at C$38.36 on Wednesday. The stock has a market cap of C$11.42 billion, a P/E ratio of 22.23, a P/E/G ratio of -4.97 and a beta of 1.23. AltaGas has a 12 month low of C$28.63 and a 12 month high of C$38.61. The company’s fifty day simple moving average is C$34.68 and its 200-day simple moving average is C$34.15. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26.

AltaGas (TSE:ALA) last posted its quarterly earnings data on Friday, March 7th. The company reported C$0.76 earnings per share for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%.

Insider Activity

In related news, Senior Officer Donald Mark Jenkins sold 12,352 shares of AltaGas stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$33.90, for a total transaction of C$418,732.80. Also, Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of C$32.97 per share, for a total transaction of C$250,549.20. Corporate insiders own 0.58% of the company’s stock.

AltaGas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.298 dividend. This represents a $1.19 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, December 16th. AltaGas’s payout ratio is presently 68.98%.

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.