TransAlta (TSE:TA) Trading Up 5.2%

TransAlta Co. (TSE:TA) (NYSE:TAC)’s stock price was up 5.2% on Thursday . The company traded as high as C$8.12 and last traded at C$8.08, approximately 218,051 shares were traded during mid-day trading. A decline of 64% from the average daily volume of 610,257 shares. The stock had previously closed at C$7.68.

A number of analysts have weighed in on TA shares. National Bank Financial lowered their price target on TransAlta from C$11.00 to C$10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 13th. CIBC lowered their price target on TransAlta from C$10.00 to C$9.50 in a research report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TransAlta has a consensus rating of “Hold” and a consensus target price of C$10.42.

The firm has a fifty day moving average price of C$8.21 and a 200 day moving average price of C$8.48. The company has a quick ratio of 1.02, a current ratio of 1.74 and a debt-to-equity ratio of 85.26. The company has a market cap of $2.17 billion and a P/E ratio of -8.55.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is presently -16.70%.

TransAlta Company Profile (TSE:TA)

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.

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