AltaGas (ALA) has notable insider buying

AltaGas (T:ALA) has notable insider buying

AltaGas Ltd. (ALA) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to recent regulatory filings, three insiders have invested a total amount of $614,225.Randall Loy Crawford, CEO and Director, acquired 50,000 Common Shares on a direct ownership basis at a price of $9.290 through the public market on March 18th, 2020. This represents a $464,500 investment into the company's shares and an account share holdings change of greater than 100%.

Randy Warren Toone, a Senior Officer, acquired 10,500 Common Shares on a direct ownership basis at a price of $9.850 through the public market on March 19th, 2020. This represents a $103,425 investment into the company's shares and an account share holdings change of greater than 100%.

Nancy Gail Tower, a Director, acquired 5,000 Common Shares on a direct ownership basis at a price of $9.260 through the public market on March 18th, 2020. This represents a $46,300 investment into the company's shares and an account share holdings change of greater than 100%.

AltaGas Ltd is a Canada-based diversified energy infrastructure company. It operates through three segments: Midstream Power and Utilities. Its Midstream transacts more than 1.5 billion cubic feet per day (Bcf/d) of natural gas. Its Midstream business includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. Its Power segment is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Michigan, and North Carolina. Its Power segment includes 695 megawatt (MW) of operational gross power generation capacity from gas-fired, solar, biomass, and energy storage. The Utilities segment serves customers through ownership of regulated natural gas distribution utilities. The Utilities business also includes storage facilities and contracts to interstate natural gas transportation and storage services.