Altagas Ltd (TSE:ALA) announced a monthly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Thursday, January 25th will be paid a dividend of 0.183 per share on Thursday, February 15th. This represents a $2.20 annualized dividend and a yield of 7.55%. The ex-dividend date of this dividend is Wednesday, January 24th.
Shares of Altagas (ALA) traded up C$0.36 on Thursday, reaching C$29.09. The company’s stock had a trading volume of 483,335 shares, compared to its average volume of 527,465. Altagas has a one year low of C$26.87 and a one year high of C$34.77. The firm has a market capitalization of $5,080.00, a price-to-earnings ratio of 61.89 and a beta of 0.47.
In other news, Director David Wallace Cornhill sold 2,000 shares of Altagas stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of C$29.20, for a total value of C$58,400.00. Also, insider Peter Lauren Karl sold 2,300 shares of Altagas stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of C$29.66, for a total value of C$68,218.00. Insiders sold 8,300 shares of company stock worth $242,658 over the last ninety days.
Several analysts have commented on the company. Beacon Securities reissued a “buy” rating on shares of Altagas in a report on Thursday, September 21st. BMO Capital Markets reissued a “market perform” rating and issued a C$32.00 price objective on shares of Altagas in a report on Friday, October 20th. CIBC dropped their price objective on Altagas from C$38.00 to C$35.00 in a report on Friday, October 20th. Raymond James Financial dropped their price objective on Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a report on Monday, October 23rd. Finally, Scotiabank dropped their price objective on Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Altagas presently has a consensus rating of “Hold” and an average price target of C$33.29.
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Altagas Company Profile
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.
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