TSE:ALA AltaGas (ALA) Stock Price, News & Analysis → Top Project Outperforms BTC in 2023… (From Crypto 101 Media) (Ad) Free ALA Stock Alerts C$29.92 +0.45 (+1.53%) (As of 03/28/2024 ET) Add Compare Share Share Today's RangeC$29.49▼C$29.9550-Day RangeC$27.10▼C$29.9252-Week RangeC$21.94▼C$29.95Volume1.37 million shsAverage Volume799,695 shsMarket CapitalizationC$8.84 billionP/E Ratio13.24Dividend Yield3.98%Price TargetC$33.23 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider TradesStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsHeadlinesInsider Trades Get AltaGas alerts: Email Address AltaGas MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside11.1% UpsideC$33.23 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.61Based on 7 Articles This WeekInsider TradingSelling SharesC$977,991 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.11 out of 5 stars 3.5 Analyst's Opinion Consensus RatingAltaGas has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 8 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$33.23, AltaGas has a forecasted upside of 11.1% from its current price of C$29.92.Amount of Analyst CoverageAltaGas has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for ALA. Previous Next 2.5 Dividend Strength Dividend LeadershipAltaGas is a leading dividend payer. It pays a dividend yield of 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthAltaGas does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of AltaGas is 52.65%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ALA. Previous Next 2.6 News and Social Media Coverage News SentimentAltaGas has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Energy companies.News Coverage This WeekMarketBeat has tracked 7 news articles for AltaGas this week, compared to 2 articles on an average week.Search InterestOnly 4 people have searched for ALA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added AltaGas to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AltaGas insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$977,991.00 in company stock.Percentage Held by InsidersOnly 0.63% of the stock of AltaGas is held by insiders.Percentage Held by InstitutionsOnly 34.53% of the stock of AltaGas is held by institutions. Previous Next 1.3 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of AltaGas is 13.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.99.Price to Earnings Ratio vs. SectorThe P/E ratio of AltaGas is 13.24, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 90.57.Price to Earnings Growth RatioDue to a projected decrease in earnings for AltaGas, their PEG ratio cannot be calculated.Price to Book Value per Share RatioAltaGas has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaTop Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.Just click here for instant access to the #1 Coin for 2024. About AltaGas Stock (TSE:ALA)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. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 508 MW of power in California. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is based in Calgary, Canada.Read More ALA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALA Stock News HeadlinesMarch 16, 2024 | insidertrades.comInsider Selling: AltaGas Ltd. (TSE:ALA) Director Sells 12,215 Shares of StockMarch 28, 2024 | seekingalpha.comALA:CA AltaGas Ltd.March 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 27, 2024 | finance.yahoo.comWe Like These Underlying Return On Capital Trends At AltaGas (TSE:ALA)March 25, 2024 | americanbankingnews.comAltaGas Ltd. (TSE:ALA) Receives Consensus Recommendation of "Buy" from AnalystsMarch 23, 2024 | americanbankingnews.comAltaGas (TSE:ALA) Stock Price Passes Above Two Hundred Day Moving Average of $27.50March 14, 2024 | finance.yahoo.comALTAGAS CLOSES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGSMarch 11, 2024 | ca.style.yahoo.comCurrys: Elliot pulls out of takeover bid for UK retailerMarch 28, 2024 | Crypto 101 Media (Ad)Top Project Outperforms BTC in 2023…According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.March 10, 2024 | finance.yahoo.comAltaGas Full Year 2023 Earnings: Revenues Beat Expectations, EPS LagsMarch 6, 2024 | msn.comTSX Utilities in March 2024: The Best Stocks to Buy as Interest Rates Hold SteadyFebruary 27, 2024 | finance.yahoo.comDid AltaGas Ltd. (TSE:ALA) Use Debt To Deliver Its ROE Of 7.9%?February 20, 2024 | reuters.comEquitrans delays WV-VA Mountain Valley natgas pipe again, boosts costFebruary 18, 2024 | msn.com3 Top Canadian Dividend Stocks to Buy Under $30February 8, 2024 | theglobeandmail.comClosing Bell: AltaGas Ltd Pref Ser E flat on Friday (ALA-PR-E)February 6, 2024 | theglobeandmail.comShoppers Will Pay More for Snacks for the Big Game in 2024. This Popular Snack Will Cost 60% More Than in 2023February 5, 2024 | finance.yahoo.comALTAGAS TO ISSUE FOURTH QUARTER AND FULL YEAR 2023 RESULTSJanuary 23, 2024 | finance.yahoo.comHere's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention TodayJanuary 23, 2024 | theglobeandmail.comAhead of earnings season, BMO analyst provides top picks for dividend-heavy energy infrastructure sectorJanuary 12, 2024 | theglobeandmail.comFriday’s Insider Report: CEO invest over US$300,000 in this financial stockJanuary 8, 2024 | finance.yahoo.comALTAGAS CLOSES $400 MILLION MEDIUM TERM NOTE OFFERINGJanuary 3, 2024 | finance.yahoo.comAltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year'sJanuary 2, 2024 | finance.yahoo.comCanadian Investment Regulatory Organization Trading Halt - ALA.PR.EDecember 20, 2023 | ca.style.yahoo.comAl Mada Ventures, the $110M fund for Africans by AfricansDecember 20, 2023 | finance.yahoo.comAltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.2975December 17, 2023 | seekingalpha.comALA.PR.A:CA AltaGas Ltd. PFD SER ADecember 6, 2023 | finance.yahoo.comAltaGas (TSE:ALA) Is Due To Pay A Dividend Of CA$0.28See More Headlines Receive ALA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AltaGas and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings7/27/2017Ex-Dividend for 12/29 Dividend12/14/2023Dividend Payable12/29/2023Ex-Dividend for 3/28 Dividend3/14/2024Today3/28/2024Dividend Payable3/28/2024Next Earnings (Estimated)4/24/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE SectorEnergy Industry Oil & Gas Midstream Sub-IndustryN/A Current SymbolTSE:ALA CUSIPN/A CIKN/A Webwww.altagas.ca Phone+1-403-6917575FaxN/AEmployees3,045Year FoundedN/APrice Target and Rating Average Stock Price TargetC$33.23 High Stock Price TargetC$36.00 Low Stock Price TargetC$28.00 Potential Upside/Downside+12.0%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.26 Trailing P/E Ratio13.13 Forward P/E Ratio13.81 P/E Growth-4.97Net IncomeC$641 million Net Margins5.18% Pretax MarginN/A Return on Equity8.90% Return on Assets2.46% Debt Debt-to-Equity Ratio125.64 Current Ratio0.89 Quick Ratio0.44 Sales & Book Value Annual SalesC$13 billion Price / Sales0.67 Cash FlowC$0.57 per share Price / Cash Flow52.24 Book ValueC$24.83 per share Price / Book1.20Miscellaneous Outstanding Shares295,330,000Free FloatN/AMarket CapC$8.77 billion OptionableNot Optionable Beta1.22 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. D. James Harbilas B.Com. (Age 54)C.A., CPA, Executive VP & CFO Comp: $1.14MMs. Corine Renne Knight Bushfield B.Comm (Age 49)CA, CPA, Executive VP & Chief Administrative Officer Comp: $878.96kMr. Randy W. Toone B.Sc.P.Eng, Executive VP & President of MidstreamMr. Donald M. Jenkins B.Sc. (Age 51)M.B.A., Executive VP and President of Utilities & Washington Gas Light Company Comp: $1.56MMr. Vern D. Yu (Age 57)President, CEO & Non-Independent Director Mr. Jon MorrisonSenior Vice President of Investor Relations & Corporate DevelopmentMr. Bradley B. Grant B.CommEsq., LLB, MBA, Executive VP, Chief Legal Officer & Corporate SecretaryMr. Kent E. StoutSenior Vice President of Organizational DevelopmentMs. Shaheen Amirali B.Sc.L.L.B., Executive VP, Chief External Affairs & Sustainability OfficerDavid AndersonSenior Vice President of Corporate Environmental Health & SafetyMore ExecutivesKey CompetitorsKeyeraTSE:KEYGibson EnergyTSE:GEITopaz EnergyTSE:TPZPembina PipelineTSE:PPLMEG EnergyTSE:MEGView All CompetitorsInsidersRandy Warren TooneSold 16,000 sharesTotal: C$473,200.00 ($29.58/share)Jeremy Jason WeatherheadSold 24 sharesTotal: C$708.00 ($29.50/share)Jeremy Jason WeatherheadSold 12,215 sharesTotal: C$361,564.00 ($29.60/share)Randy Warren TooneSold 5,036 sharesTotal: C$142,518.80 ($28.30/share)Angela S. LekatsasBought 500 shares on 12/21/2023Total: C$13,609.00 ($27.22/share)View All Insider Transactions ALA Stock Analysis - Frequently Asked Questions Should I buy or sell AltaGas stock right now? 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AltaGas in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALA shares. View ALA analyst ratings or view top-rated stocks. What is AltaGas' stock price target for 2024? 8 equities research analysts have issued 1 year target prices for AltaGas' stock. Their ALA share price targets range from C$28.00 to C$36.00. On average, they expect the company's share price to reach C$33.23 in the next twelve months. This suggests a possible upside of 11.1% from the stock's current price. View analysts price targets for ALA or view top-rated stocks among Wall Street analysts. How have ALA shares performed in 2024? AltaGas' stock was trading at C$27.82 at the start of the year. Since then, ALA stock has increased by 7.5% and is now trading at C$29.92. View the best growth stocks for 2024 here. When is AltaGas' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our ALA earnings forecast. How were AltaGas' earnings last quarter? AltaGas Ltd. (TSE:ALA) announced its earnings results on Thursday, July, 27th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm earned $539 million during the quarter, compared to analysts' expectations of $633.11 million. AltaGas had a trailing twelve-month return on equity of 8.90% and a net margin of 5.18%. How often does AltaGas pay dividends? What is the dividend yield for AltaGas? AltaGas declared a quarterly dividend on Thursday, March 14th. Investors of record on Thursday, March 28th will be paid a dividend of 0.298 per share on Thursday, March 28th. This represents a $1.19 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of C$0.28. Read our dividend analysis for ALA. Is AltaGas a good dividend stock? AltaGas (TSE:ALA) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 4.07%. ALA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.65%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ALA. What other stocks do shareholders of AltaGas own? Based on aggregate information from My MarketBeat watchlists, some companies that other AltaGas investors own include Enbridge (ENB), Inter Pipeline (IPL), Algonquin Power & Utilities (AQN), Corus Entertainment (CJR.B), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL), BCE (BCE), Bank of Nova Scotia (BNS), Whitecap Resources (WCP) and Vermilion Energy (VET). How do I buy shares of AltaGas? Shares of ALA stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. This page (TSE:ALA) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersGrab Your Free Bitcoin Today!Crypto Swap ProfitsMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceTop Project Outperforms BTC in 2023…Crypto 101 MediaAI Cracks Open Largest Untapped Energy Reserve on EarthBanyan Hill Publishing“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisoryFed launches fourth dollar overhaulStansberry ResearchThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyInvestors Alert: The Next Big Thing in Weight LossBehind the Markets Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AltaGas Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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