TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.37 and traded as high as C$14.78. TransAlta shares last traded at C$14.47, with a volume of 1,040,118 shares changing hands.
Analyst Upgrades and Downgrades
TA has been the topic of several research analyst reports. Desjardins lowered TransAlta from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, November 5th. TD Securities lifted their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. National Bankshares lifted their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada increased their target price on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, TransAlta presently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.17.
Read Our Latest Analysis on TA
TransAlta Stock Down 0.7 %
The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The firm's 50-day moving average price is C$13.78 and its 200 day moving average price is C$11.41. The firm has a market capitalization of C$4.31 billion, a price-to-earnings ratio of 7.62, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.
TransAlta Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Friday, November 29th. TransAlta's dividend payout ratio (DPR) is 12.63%.
Insider Transactions at TransAlta
In other news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the firm's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00. Insiders own 0.21% of the company's stock.
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.
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