AltaGas Ltd. (TSE:ALA) Senior Officer Purchases C$250,549.20 in Stock

AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu bought 7,600 shares of AltaGas stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of C$32.97 per share, with a total value of C$250,549.20.

Vernon Dai-Chung Yu also recently made the following trade(s):

• On Monday, November 4th, Vernon Dai-Chung Yu purchased 7,600 shares of AltaGas stock. The stock was purchased at an average cost of C$33.12 per share, for a total transaction of C$251,719.60.

AltaGas Stock Up 0.3 %

ALA opened at C$32.83 on Friday. The company has a market capitalization of C$9.76 billion, a P/E ratio of 22.64, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 115.50, a current ratio of 0.85 and a quick ratio of 0.44. The firm’s fifty day moving average price is C$34.02 and its two-hundred day moving average price is C$32.74. AltaGas Ltd. has a fifty-two week low of C$26.87 and a fifty-two week high of C$35.77.

AltaGas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.298 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.19 annualized dividend and a dividend yield of 3.63%. AltaGas’s dividend payout ratio (DPR) is currently 82.07%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ALA shares. Scotiabank raised their target price on shares of AltaGas from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. National Bankshares raised their price target on AltaGas from C$36.00 to C$39.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Royal Bank of Canada boosted their price objective on AltaGas from C$37.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Jefferies Financial Group raised their target price on AltaGas from C$37.00 to C$39.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, BMO Capital Markets upped their price target on AltaGas from C$37.00 to C$40.00 in a report on Thursday, September 5th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.10.

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 1.6 million customers.