Altagas Ltd (TSE:ALA) announced its quarterly earnings data on Thursday, July 27th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Yahoo Finance reports. The company had revenue of $539 million for the quarter, compared to analyst estimates of $633.11 million. Altagas had a return on equity of 3.57% and a net margin of 6.19%.

Altagas (ALA) opened at 28.67 on Wednesday. The stock has a market cap of $4.92 billion and a PE ratio of 44.45. Altagas has a 52 week low of $28.57 and a 52 week high of $35.55. The stock has a 50 day moving average price of $29.47 and a 200 day moving average price of $30.57.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.175 dividend. This represents a $2.10 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, August 23rd.

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ALA has been the subject of a number of recent research reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$32.00 target price on shares of Altagas in a research note on Thursday, April 27th. BMO Capital Markets set a C$32.00 target price on Altagas and gave the stock a “market perform” rating in a research note on Friday, July 28th. Royal Bank Of Canada cut their target price on Altagas from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Scotiabank reissued an “outperform” rating and set a C$36.00 price objective on shares of Altagas in a research report on Thursday, April 27th. Finally, Canaccord Genuity cut their price objective on Altagas from C$33.00 to C$31.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$35.11.

About Altagas

AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

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