Analysts Issue Forecasts for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – Equities researchers at National Bank Financial issued their FY2026 earnings per share (EPS) estimates for AltaGas in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $2.48 per share for the year. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. National Bank Financial also issued estimates for AltaGas’ FY2027 earnings at $2.89 EPS.

Several other equities research analysts have also recently weighed in on ALA. JPMorgan Chase & Co. cut AltaGas from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from C$36.00 to C$37.00 in a research note on Wednesday, October 23rd. ATB Capital set a C$36.00 target price on AltaGas and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Royal Bank of Canada boosted their target price on AltaGas from C$37.00 to C$40.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank boosted their target price on AltaGas from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their target price on AltaGas from C$37.00 to C$39.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, AltaGas has an average rating of “Moderate Buy” and an average price target of C$38.10.

AltaGas Trading Up 1.2 %

Shares of TSE ALA opened at C$34.12 on Thursday. The business’s 50 day moving average is C$33.62 and its two-hundred day moving average is C$33.06. The company has a debt-to-equity ratio of 115.50, a current ratio of 0.85 and a quick ratio of 0.44. AltaGas has a 1-year low of C$26.91 and a 1-year high of C$35.77. The stock has a market capitalization of C$10.15 billion, a P/E ratio of 23.53, a PEG ratio of -4.97 and a beta of 1.23.

AltaGas Dividend Announcement

The business also recently announced 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. The ex-dividend date was Monday, December 16th. This represents a $1.19 dividend on an annualized basis and a yield of 3.49%. AltaGas’s dividend payout ratio is currently 82.07%.

Insiders Place Their Bets

In other AltaGas news, Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of AltaGas stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of C$32.97 per share, with a total value of C$250,549.20. 0.58% of the stock is owned by company insiders.

AltaGas Company Profile

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.