TransAlta Co. (TSE:TA) Receives C$15.50 Average Target Price from Brokerages

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC has earned a consensus recommendation of "Buy" from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$15.50.

TA has been the subject of several research analyst reports. CIBC dropped their target price on shares of 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 increased their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Desjardins set a C$15.50 price objective on shares of TransAlta and gave the stock a "buy" rating in a research note on Wednesday. TD Securities raised their target price on shares of TransAlta from C$14.00 to C$16.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, BMO Capital Markets upped their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th.

TransAlta Trading Down 0.2 %

TransAlta stock traded down C$0.03 during trading hours on Thursday, reaching C$14.57. The company had a trading volume of 429,964 shares, compared to its average volume of 1,027,385. The firm has a market cap of C$4.34 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of -0.07 and a beta of 0.93. 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 company has a 50-day moving average price of C$13.14 and a 200 day moving average price of C$10.93. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$14.75.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last released 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. The business had revenue of C$582.00 million during the quarter. TransAlta had a return on equity of 32.01% and a net margin of 19.50%.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.65%. TransAlta's dividend payout ratio is presently 12.63%.

Insider Activity

In related news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total transaction of C$114,500.00. In other TransAlta news, Senior Officer Kerry Lynn O'reilly sold 48,833 shares of the business's stock in a transaction that occurred on 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 10,000 shares of the business's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. Insiders have sold 120,217 shares of company stock worth $1,397,220 in the last three months. Company insiders own 0.21% of the company's stock.

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.