Altagas Ltd (TSE:ALA) – Research analysts at National Bank Financial issued their Q4 2018 earnings per share estimates for Altagas in a research report issued on Wednesday, February 6th. National Bank Financial analyst P. Kenny expects that the company will post earnings of $0.46 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $17.00 target price on the stock.

Several other analysts have also weighed in on ALA. CIBC reduced their price objective on Altagas from C$24.00 to C$20.00 in a research note on Friday, December 14th. BMO Capital Markets reduced their price objective on Altagas from C$20.00 to C$17.00 and set a “market perform” rating on the stock in a research note on Friday, December 14th. Raymond James reaffirmed a “market perform” rating and issued a C$19.00 price objective on shares of Altagas in a research note on Friday, December 14th. Desjardins reaffirmed a “buy” rating and issued a C$18.00 price objective on shares of Altagas in a research note on Monday, December 17th. Finally, Royal Bank of Canada reduced their price objective on Altagas from C$28.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 31st. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Altagas has a consensus rating of “Hold” and a consensus price target of C$20.59.

TSE:ALA opened at C$14.85 on Monday. The stock has a market capitalization of $4.00 billion and a P/E ratio of -4.28. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 147.75. Altagas has a twelve month low of C$11.87 and a twelve month high of C$28.45.

The company also recently announced a monthly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, January 25th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, January 24th. This represents a $0.96 annualized dividend and a yield of 6.46%. Altagas’s dividend payout ratio is presently -27.69%.

Altagas Company Profile

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and separation, transmission, and storage; and natural gas and NGL marketing activities, as well as buying and selling natural gas.

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