National Bank Financial Predicts AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Investment analysts at National Bank Financial upped their FY2026 earnings per share (EPS) estimates for AltaGas in a research note issued to investors on Sunday, March 9th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $2.49 for the year, up from their prior estimate of $2.48. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share.

AltaGas (TSE:ALA) last issued its quarterly earnings data on Friday, March 7th. The company reported C$0.76 earnings per share (EPS) for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%.

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

AltaGas Stock Down 0.5 %

Shares of TSE ALA opened at C$38.17 on Wednesday. The stock has a market cap of C$11.36 billion, a PE ratio of 22.12, a PEG ratio of -4.97 and a beta of 1.23. The business has a fifty day moving average of C$34.77 and a two-hundred day moving average of C$34.18. AltaGas has a 52-week low of C$28.63 and a 52-week high of C$38.61. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03.

AltaGas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.298 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.12%. AltaGas’s payout ratio is 68.98%.

Insider Buying and Selling

In other news, Senior Officer Vernon Dai-Chung Yu acquired 7,600 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of C$32.97 per share, for a total transaction of C$250,549.20. Also, Director Peter James Ledig sold 25,200 shares of AltaGas stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of C$38.35, for a total value of C$966,420.00. Corporate insiders own 0.58% of the company’s stock.

About AltaGas

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.