Shares of TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC hit a new 52-week high during trading on Monday . The company traded as high as C$21.11 and last traded at C$21.07, with a volume of 147276 shares traded. The stock had previously closed at C$20.68.
Analyst Ratings Changes
A number of brokerages have recently commented on TA. CIBC cut shares of TransAlta from an "outperform" rating to a "neutral" rating and upped their target price for the company from C$17.00 to C$23.00 in a report on Wednesday, January 8th. Cibc World Mkts lowered shares of TransAlta from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Desjardins increased their price target on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a "hold" rating in a research note on Wednesday, December 18th. TD Securities increased their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TransAlta currently has an average rating of "Moderate Buy" and a consensus price target of C$18.33.
Get Our Latest Stock Report on TransAlta
TransAlta Stock Performance
The stock has a market cap of C$6.23 billion, a price-to-earnings ratio of 10.99, a PEG ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The stock's fifty day moving average is C$18.05 and its 200-day moving average is C$14.21.
TransAlta Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, November 29th. TransAlta's dividend payout ratio is 12.63%.
Insider Buying and Selling at TransAlta
In related news, Director John Harry Kousinioris sold 69,982 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total value of C$1,060,227.30. Also, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the firm's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total value of C$377,750.00. Insiders sold 204,763 shares of company stock valued at $3,478,670 in the last quarter. 0.21% of the stock is currently owned by insiders.
TransAlta Company Profile
(
Get Free Report)
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
Featured Stories
Before you consider TransAlta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TransAlta wasn't on the list.
While TransAlta currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
