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

TransAlta Co. (TSE:TA) (NYSE:TAC) announced a quarterly dividend on Wednesday, October 23rd,Zacks Dividends 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 1.54%. The ex-dividend date is Friday, November 29th.

TransAlta Stock Up 1.7 %

Shares of TA opened at C$15.55 on Thursday. TransAlta has a one year low of C$8.22 and a one year high of C$15.61. The company has a market cap of C$4.64 billion, a P/E ratio of 8.18, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The firm has a 50 day simple moving average of C$14.21 and a two-hundred day simple moving average of C$11.73.

Insider Transactions at TransAlta

In related news, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00. Also, Director John Harry Kousinioris sold 69,982 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30. Over the last ninety days, insiders sold 114,988 shares of company stock worth $1,716,451. Corporate insiders own 0.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TA shares. TD Securities boosted their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Desjardins downgraded shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Finally, National Bankshares upped their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TransAlta presently has a consensus rating of “Moderate Buy” and an average price target of C$16.17.

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.