1 week Ago By Defense World Staff
AltaGas Ltd. ( TSE:ALA – Get Free Report ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$32.
97 and traded as high as C$33.66. AltaGas shares last traded at C$33.
48, with a volume of 381,382 shares changing hands. Wall Street Analyst Weigh In ALA has been the topic of a number of research reports. Scotiabank boosted their target price on shares of AltaGas from C$38.
00 to C$39.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. ATB Capital set a C$36.
00 price objective on shares of AltaGas and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Jefferies Financial Group raised their target price on AltaGas from C$37.00 to C$39.
00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. downgraded AltaGas from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from C$36.
00 to C$37.00 in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada increased their price target on AltaGas from C$37.
00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company.
Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$38.10.
View Our Latest Report on ALA AltaGas Trading Down 0.1 % AltaGas Announces Dividend The firm 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 dividend on an annualized basis and a dividend yield of 3.
56%. The ex-dividend date was Monday, December 16th. AltaGas’s payout ratio is 82.
07%. Insider Transactions at AltaGas In related news, Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of C$32.
97 per share, for a total transaction of C$250,549.20. Insiders own 0.
58% of the company’s stock. About AltaGas ( Get Free Report ) 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.
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