Shares of Altagas Ltd (TSE:ALA) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$13.67 and last traded at C$13.69, with a volume of 593977 shares traded. The stock had previously closed at C$14.23.

ALA has been the subject of a number of research analyst reports. Raymond James dropped their price objective on shares of Altagas from C$24.00 to C$22.00 in a report on Friday, October 5th. BMO Capital Markets dropped their price objective on shares of Altagas from C$27.00 to C$26.00 in a report on Tuesday, September 11th. CIBC dropped their price objective on shares of Altagas from C$32.00 to C$30.00 in a report on Tuesday, September 11th. Industrial Alliance Securities dropped their price objective on shares of Altagas from C$29.50 to C$28.50 in a report on Monday, September 17th. Finally, TD Securities reaffirmed a “buy” rating and set a C$16.50 price objective on shares of Altagas in a report on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of C$22.10.

The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 147.75.

Altagas (TSE:ALA) last posted its quarterly earnings data on Tuesday, October 30th. The company reported C($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.10) by C$0.03. The company had revenue of C$1.04 billion for the quarter, compared to the consensus estimate of C$1.12 billion. As a group, sell-side analysts predict that Altagas Ltd will post 1.10999998990909 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, November 26th will be given a $0.183 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 15.55%. The ex-dividend date is Friday, November 23rd. Altagas’s payout ratio is presently -62.95%.

In other Altagas news, Director Phillip R. Knoll bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 25th. The shares were bought at an average price of C$20.91 per share, for a total transaction of C$52,275.00. Also, insider Jared Blake Green sold 4,750 shares of Altagas stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of C$21.02, for a total transaction of C$99,845.00.

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About Altagas (TSE:ALA)

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and separation, transmission, and storage; and natural gas and NGL marketing activities, as well as buying and selling natural gas.

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