TransAlta Co. Plans Quarterly Dividend of $0.06 (TSE:TA)

TransAlta Co. (TSE:TA) (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) (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

A number of research firms recently issued reports on TA. BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. National Bankshares lifted their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, CIBC decreased their price objective on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a report on Monday, July 22nd. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, TransAlta presently has a consensus rating of “Buy” and an average price target of C$15.17.

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.