AltaGas Ltd. ( TSE:ALA – Get Free Report ) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$58.14 and last traded at C$55.80, with a volume of 199,886 shares changing hands. The stock had previously closed at C$56.21.
Key Headlines Impacting AltaGas
Here are the key news stories impacting AltaGas this week:
Positive Sentiment: Normalized net income increased: AltaGas reported higher third-quarter normalized net income, indicating improved underlying profitability and providing a positive earnings catalyst. AltaGas Q3 Normalized Net Income Rises
Positive Sentiment: Management expects a strong full-year finish: AltaGas’ CEO said the company expects full-year results to land near the high end of its guidance range. That signals confidence in operating performance and could support investor expectations for the remainder of the year. AltaGas CEO expects full-year results near high-end of guidance
Positive Sentiment: Analysts raised their valuation targets: National Bank Financial lifted its target from C$60 to C$61 while maintaining an “outperform” rating. Scotia raised its target from C$61 to C$63 and retained a “sector outperform” rati...