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Randy Warren Toone Sells 92,000 Shares of AltaGas Ltd. (TSE:ALA) Stock
Apr 5, 2025
AltaGas Ltd. (TSE:ALA – Get Free Report) Senior Officer Randy Warren Toone sold 92,000 shares of AltaGas stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of C$39.19, for a total transaction of C$3,605,480.00.
AltaGas Stock Performance
TSE ALA traded down C$1.53 during trading hours on Friday, hitting C$37.59. The company’s stock had a trading volume of 358,230 shares, compared to its average volume of 906,000. The company has a debt-to-equity ratio of 135.26, a current ratio of 1.03 and a quick ratio of 0.44. The company has a market cap of C$11.19 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The company’s 50 day simple moving average is C$36.24 and its two-hundred day simple moving average is C$34.72. AltaGas Ltd. has a 12 month low of C$28.76 and a 12 month high of C$40.17.
AltaGas (TSE:ALA – Get Free Report) last released its quarterly earnings data on Friday, March 7th. The company reported C$0.76 earnings per share for the quarter. AltaGas had a net margin of 4.04% and a return on equity of 6.36%. As a group, sell-side analysts expect that AltaGas Ltd. will post 2.3006093 EPS for the current fiscal year.
AltaGas Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.315 dividend. This is an increase from AltaGas’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a yield of 3.35%. AltaGas’s dividend payout ratio is currently 68.98%.
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