AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu Purchases 7,600 Shares

AltaGas Ltd. (TSE:ALA) Senior Officer Vernon Dai-Chung Yu bought 7,600 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased 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 acquired 7,600 shares of AltaGas stock. The shares were acquired at an average price of C$33.12 per share, with a total value of C$251,719.60.

AltaGas Stock Up 0.3 %

ALA stock opened at C$32.83 on Friday. 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 has a market cap of C$9.76 billion, a PE ratio of 22.64, a P/E/G ratio of -4.97 and a beta of 1.23. AltaGas Ltd. has a 12 month low of C$26.87 and a 12 month high of C$35.77. The firm has a 50 day simple moving average of C$34.02 and a 200 day simple moving average of C$32.74.

AltaGas Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Scotiabank lifted their target price on AltaGas from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price objective on shares of AltaGas from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Jefferies Financial Group upped their price objective on shares of AltaGas from C$37.00 to C$39.00 and gave the stock a “buy” rating in a report on Monday, September 30th. ATB Capital set a C$36.00 target price on shares of AltaGas and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. downgraded shares of AltaGas from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from C$36.00 to C$37.00 in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, AltaGas presently has a consensus rating of “Moderate Buy” and an average target price 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.