Analysts Set Expectations for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Analysts at National Bank Financial lifted their FY2026 earnings estimates for shares of AltaGas in a research report issued 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 prior forecast of $2.48. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

ALA has been the topic of a number of other research reports. CIBC boosted their target price on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Scotiabank boosted their target price on shares of AltaGas from C$40.00 to C$42.00 in a research report on Monday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$39.11.

AltaGas Stock Down 0.6 %

AltaGas stock opened at C$38.36 on Wednesday. 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 has a 12-month low of C$28.63 and a 12-month high of C$38.61. The firm’s fifty day moving average is C$34.68 and its 200 day moving average is C$34.15. The company has a market capitalization of C$11.42 billion, a PE ratio of 22.23, a PEG ratio of -4.97 and a beta of 1.23.

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

Insider Transactions at AltaGas

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

AltaGas Dividend Announcement

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