Somewhat Positive Media Coverage Somewhat Unlikely to Affect TransAlta Corporation (TAC) Stock Price

News coverage about TransAlta Corporation (NYSE:TAC) (TSE:TA) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TransAlta Corporation earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 46.5776127961571 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

• TransAlta Corporation (TAC) Downgraded by BidaskClub (americanbankingnews.com)
• TransAlta Corporation (TAC) and Comp En De Mn Cemig ADS (CIG) Head to Head Comparison (americanbankingnews.com)
• TransAlta Corp. breached its 50 day moving average in a Bullish Manner : TAC-US : August 15, 2017 (finance.yahoo.com)
• TransAlta Corporation (TAC) Upgraded at Zacks Investment Research (americanbankingnews.com)
• TransAlta Corporation (NYSE:TAC) Raises Dividend to $0.03 Per Share (footballhebdo.com)

Shares of TransAlta Corporation (NYSE:TAC) traded up 0.403% during mid-day trading on Friday, hitting $6.225. 7,384 shares of the stock traded hands. The firm has a 50 day moving average of $6.37 and a 200 day moving average of $5.77. The company has a market cap of $1.79 billion, a P/E ratio of 72.384 and a beta of 0.71. TransAlta Corporation has a 12 month low of $3.75 and a 12 month high of $6.60.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be paid a $0.0314 dividend. This is an increase from TransAlta Corporation’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, August 30th. TransAlta Corporation’s dividend payout ratio (DPR) is currently 133.35%.

TAC has been the topic of several research analyst reports. TheStreet cut shares of TransAlta Corporation from a “c” rating to a “d+” rating in a research note on Friday, May 5th. Zacks Investment Research cut shares of TransAlta Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, May 12th. Finally, BidaskClub cut shares of TransAlta Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $7.00.

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TransAlta Corporation Company Profile

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.