TransAlta Co. (TSE:TA) Receives C$16.17 Consensus PT from Brokerages

Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$16.17.

Several research firms have recently issued reports on TA. BMO Capital Markets increased their target price on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Desjardins lowered TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. TD Securities raised their price objective on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. National Bankshares raised their price objective on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada lifted their price target on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th.

TransAlta Stock Performance

TA opened at C$15.55 on Monday. The firm has a market cap of C$4.64 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta has a 52-week low of C$8.22 and a 52-week high of C$15.61. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The business’s fifty day moving average is C$14.21 and its 200-day moving average is C$11.73.

TransAlta Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is 12.63%.

Insider Activity

In other news, Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00. Also, Director John Harry Kousinioris sold 69,982 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total value of C$1,060,227.30. Over the last three months, insiders have sold 114,988 shares of company stock valued at $1,716,451. 0.21% of the stock is currently owned by corporate insiders.

About TransAlta

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.