TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Sunday, December 1st will be given a dividend of 0.06 per share on Wednesday, January 1st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Friday, November 29th.
TransAlta Trading Up 0.4 %
TSE TA opened at C$14.08 on Friday. The stock has a market cap of C$4.20 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$14.65. The stock has a 50 day simple moving average of C$12.98 and a two-hundred day simple moving average of C$10.84. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.11. The company 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%.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on TA
Insider Transactions at TransAlta
In other news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total transaction of C$278,400.00. In other news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total transaction of C$278,400.00. Insiders sold a total of 120,217 shares of company stock valued at $1,397,220 in the last quarter. 0.21% of the stock is owned by insiders.
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.
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