TransAlta Co. (TSE:TA) Receives C$15.28 Average PT from Analysts

TransAlta Co. (TSE:TA) (NYSE:TAC) has been assigned an average recommendation of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$15.28.

Separately, CIBC boosted their target price on shares of TransAlta from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Wednesday, June 12th.

TransAlta Stock Performance

TSE:TA opened at C$9.46 on Friday. The stock has a market cap of C$2.88 billion, a P/E ratio of 4.85, a price-to-earnings-growth ratio of -0.07 and a beta of 0.87. The firm’s fifty day simple moving average is C$9.65 and its 200 day simple moving average is C$9.58. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$13.97. The company has a quick ratio of 0.62, a current ratio of 0.69 and a debt-to-equity ratio of 217.60.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings results on Friday, May 3rd. The company reported C$0.72 earnings per share for the quarter, beating the consensus estimate of C$0.18 by C$0.54. The business had revenue of C$947.00 million for the quarter. TransAlta had a net margin of 19.39% and a return on equity of 33.61%. As a group, research analysts predict that TransAlta will post 0.8411458 EPS for the current year.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Saturday, June 1st were paid a dividend of $0.06 per share. The ex-dividend date was Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.54%. TransAlta’s dividend payout ratio (DPR) is presently 12.31%.

Insider Activity at TransAlta

In related news, Senior Officer Blain Mitchell Van Melle sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of C$9.67, for a total transaction of C$96,700.00. 0.20% of the stock is currently owned by corporate 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.