Atb Cap Markets Comments on AltaGas’ Q1 Earnings (TSE:ALA)

AltaGas Ltd. (TSE:ALA) – Analysts at Atb Cap Markets lowered their Q1 2025 EPS estimates for shares of AltaGas in a research report issued to clients and investors on Sunday, March 9th. Atb Cap Markets analyst N. Heywood now forecasts that the company will post earnings of $1.12 per share for the quarter, down from their prior estimate of $1.14. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $1.15 EPS and FY2026 earnings at $2.36 EPS.

AltaGas (TSE:ALA) last posted its quarterly earnings results 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%.

Other research analysts have also issued reports about the stock. Scotiabank lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 in a research note on Monday. CIBC lifted their price objective on shares of AltaGas from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, AltaGas currently has a consensus rating of “Moderate Buy” and an average target price of C$39.11.

AltaGas Stock Up 0.3 %

AltaGas stock opened at C$38.30 on Wednesday. AltaGas has a 1-year low of C$28.63 and a 1-year high of C$38.61. The firm has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 22.20, a P/E/G ratio of -4.97 and a beta of 1.23. The company has a current ratio of 1.03, a quick ratio of 0.44 and a debt-to-equity ratio of 135.26. The firm has a 50 day simple moving average of C$34.87 and a 200 day simple moving average of C$34.21.

Insider Activity

In related news, Director Peter James Ledig sold 25,200 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were 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 the company’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of C$38.00, for a total transaction of C$5,474,432.00. Insiders sold 181,616 shares of company stock worth $6,859,585 in the last three months. Corporate insiders own 0.58% of the company’s stock.

AltaGas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.298 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.11%. AltaGas’s dividend payout ratio (DPR) is currently 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.