Brokers Offer Predictions for AltaGas FY2026 Earnings

AltaGas Ltd. (TSE:ALA) – National Bank Financial issued their FY2026 EPS estimates for shares of AltaGas in a report issued on Monday, January 6th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings per share of $2.48 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.

ALA has been the topic of a number of other research reports. CIBC increased their price target on AltaGas from C$40.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday. Scotiabank raised their price target on AltaGas from C$38.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. ATB Capital set a C$36.00 price target on AltaGas and gave the company an “outperform” rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. lowered shares of AltaGas from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from C$36.00 to C$37.00 in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price target on shares of AltaGas from C$37.00 to C$39.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, AltaGas has an average rating of “Moderate Buy” and a consensus price target of C$38.30.

AltaGas Stock Down 0.5 %

Shares of TSE ALA opened at C$33.94 on Thursday. The firm has a market cap of C$10.09 billion, a P/E ratio of 23.41, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 115.50, a quick ratio of 0.44 and a current ratio of 0.85. AltaGas has a 1 year low of C$26.91 and a 1 year high of C$35.77. The firm’s 50 day moving average price is C$33.62 and its 200 day moving average price is C$33.06.

AltaGas Announces Dividend

The firm 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. This represents a $1.19 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, December 16th. AltaGas’s dividend payout ratio is presently 82.07%.

Insider Activity

In related news, Senior Officer Vernon Dai-Chung Yu purchased 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. Insiders own 0.58% of the company’s stock.

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.