TransAlta (TSE:TA) PT Raised to C$16.00 at TD Securities

TransAlta (TSE:TA - Free Report) NYSE: TAC had its price objective hoisted by TD Securities from C$14.00 to C$16.00 in a report published on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. CIBC lowered their target price on TransAlta from C$16.50 to C$15.50 and set an "outperform" rating for the company in a research report on Monday, July 22nd. National Bankshares boosted their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Finally, BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$15.50.

TransAlta Stock Performance

TransAlta stock traded down C$0.15 during midday trading on Tuesday, hitting C$14.05. The stock had a trading volume of 1,186,749 shares, compared to its average volume of 1,025,698. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$14.65. The company has a market capitalization of C$4.19 billion, a PE ratio of 7.39, a P/E/G ratio of -0.07 and a beta of 0.93. The firm's fifty day moving average is C$13.04 and its two-hundred day moving average is C$10.88.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 EPS for the quarter, beating analysts' consensus estimates of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The business had revenue of C$582.00 million for the quarter.

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta's dividend payout ratio (DPR) is presently 12.63%.

Insider Transactions at TransAlta

In other TransAlta news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the firm's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total transaction of C$278,400.00. In related news, Senior Officer Kerry Lynn O'reilly sold 48,833 shares of the firm's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$10.99, for a total transaction of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total transaction of C$278,400.00. In the last 90 days, insiders have sold 120,217 shares of company stock valued at $1,397,220. 0.21% of the stock is currently owned by corporate insiders.

TransAlta Company Profile

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.