TransAlta Co. (TSE:TA) (NYSE:TAC) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$8.00.
A number of research firms have issued reports on TA. National Bank Financial lifted their price target on TransAlta from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a “market perform” rating and set a C$8.00 price target on shares of TransAlta in a research note on Tuesday, May 23rd. Finally, Scotiabank set a C$8.00 price target on TransAlta and gave the company a “sector perform” rating in a research note on Friday, August 11th.
Shares of TransAlta (TSE:TA) traded up 1.19% on Friday, reaching $7.68. The company had a trading volume of 212,574 shares. The stock has a 50-day moving average price of $7.90 and a 200-day moving average price of $7.62. The stock has a market cap of $2.21 billion and a PE ratio of 71.11. TransAlta has a 12 month low of $5.11 and a 12 month high of $8.50.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be paid a $0.04 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.08%.
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In other TransAlta news, Director David Lawrence Mowat bought 1,250 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were purchased at an average price of C$44.75 per share, for a total transaction of C$55,937.50. Also, insider Francois Gratton sold 555 shares of the business’s 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 value of C$25,357.95.
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.
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