Brokers Offer Predictions for AltaGas’ Q1 Earnings (TSE:ALA)

AltaGas Ltd. (TSE:ALA) – Stock analysts at Atb Cap Markets dropped their Q1 2025 earnings per share (EPS) estimates for AltaGas in a research note issued on Sunday, March 9th. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings per share of $1.12 for the quarter, down from their prior forecast of $1.14. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $2.28 EPS, Q1 2026 earnings at $1.15 EPS and FY2026 earnings at $2.36 EPS.

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

AltaGas Stock Down 0.6 %

ALA stock opened at C$38.36 on Wednesday. AltaGas has a one year low of C$28.63 and a one year high of C$38.61. The company has a 50 day moving average price of C$34.68 and a two-hundred day moving average price of C$34.15. The stock has a market capitalization of C$11.42 billion, a P/E ratio of 22.23, a PEG ratio of -4.97 and a beta of 1.23. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid 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 dividend yield of 3.11%. AltaGas’s dividend payout ratio (DPR) is presently 68.98%.

Insider Activity

In other AltaGas news, Senior Officer Donald Mark Jenkins sold 12,352 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of C$33.90, for a total value of C$418,732.80. Also, Senior Officer Vernon Dai-Chung Yu purchased 7,600 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of C$32.97 per share, for a total transaction of C$250,549.20. Company insiders own 0.58% of the company’s stock.

AltaGas Company Profile

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.