TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC shares reached a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from C$17.00 to C$22.00. The stock traded as high as C$19.77 and last traded at C$19.76, with a volume of 642251 shares changing hands. The stock had previously closed at C$19.09.
Several other equities research analysts also recently commented on TA. Desjardins downgraded shares of TransAlta from a "moderate buy" rating to a "hold" rating in a report on Tuesday, November 5th. Royal Bank of Canada upped their price target on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. TD Securities boosted their target price on TransAlta from C$16.00 to C$18.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. National Bankshares raised their price target on TransAlta from C$14.00 to C$15.00 and gave the company an "outperform" rating in a report on Friday, August 23rd. Finally, Scotiabank upgraded shares of TransAlta to a "strong-buy" rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$17.00.
Read Our Latest Report on TA
Insider Transactions at TransAlta
In related news, Director John Harry Kousinioris sold 45,000 shares of TransAlta stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$17.67, for a total value of C$795,150.00. Also, Senior Officer Jane Nyla Fedoretz sold 3,602 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$18.84, for a total value of C$67,861.68. Over the last ninety days, insiders sold 179,584 shares of company stock worth $2,833,709. 0.21% of the stock is currently owned by insiders.
TransAlta Stock Performance
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 company has a market cap of C$5.92 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The firm has a fifty day simple moving average of C$15.12 and a 200-day simple moving average of C$12.35.
TransAlta Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be paid a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. TransAlta's dividend payout ratio is currently 12.63%.
About TransAlta
(
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.
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