Analysts Set Expectations for AltaGas FY2026 Earnings

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

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

AltaGas Stock Performance

TSE ALA opened at C$38.30 on Wednesday. The firm has a market cap of C$11.40 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. The business has a 50-day moving average price of C$34.87 and a 200-day moving average price of C$34.21. AltaGas has a twelve month low of C$28.63 and a twelve month high of C$38.61.

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

Insider Buying and Selling at AltaGas

In other news, Director Peter James Ledig sold 25,200 shares of AltaGas stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total value of C$966,420.00. Also, Senior Officer Corine Renae Knight Bushfield sold 144,064 shares of AltaGas stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total value of C$5,474,432.00. Insiders sold 181,616 shares of company stock worth $6,859,585 in the last quarter. 0.58% of the stock is owned by corporate insiders.

AltaGas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.298 per share. This represents a $1.19 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, December 16th. AltaGas’s dividend 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.