Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have covered the stock in the last year is C$8.29.
Several research analysts have weighed in on TA shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$8.00 target price on shares of TransAlta in a research report on Tuesday, May 23rd. Scotiabank set a C$8.00 price objective on TransAlta and gave the company a “sector perform” rating in a report on Friday, August 11th. Finally, National Bank Financial increased their price objective on TransAlta from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a report on Wednesday, August 2nd.
In related news, insider Francois Gratton sold 555 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of C$45.69, for a total transaction of C$25,357.95.
TransAlta (TSE:TA) traded down 0.51% during trading on Tuesday, hitting $7.82. The stock had a trading volume of 124,184 shares. The company has a market cap of $2.25 billion and a P/E ratio of 72.41. TransAlta has a 12-month low of $5.11 and a 12-month high of $8.38. The company has a 50 day moving average of $8.07 and a 200-day moving average of $7.61.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 2.05%.
About TransAlta
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.
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