TransAlta Co. (TSE:TA) Receives Consensus Rating of “Buy” from Brokerages

TransAlta Co. (TSE:TA) (NYSE:TAC) has been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock, MarketBeat.com reports. One research 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 1 year price target among brokerages that have covered the stock in the last year is C$15.28.

Separately, CIBC lifted their price objective on TransAlta from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th.

Insider Activity

In other news, Senior Officer Blain Mitchell Van Melle sold 20,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of C$9.75, for a total transaction of C$194,958.00. 0.20% of the stock is currently owned by company insiders.

TransAlta Trading Up 0.4 %

Shares of TA opened at C$9.50 on Friday. The firm has a fifty day simple moving average of C$9.66 and a two-hundred day simple moving average of C$9.58. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$13.97. The stock has a market capitalization of C$2.89 billion, a P/E ratio of 4.87, a PEG ratio of -0.07 and a beta of 0.87. 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 posted its earnings results on Friday, May 3rd. The company reported C$0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.18 by C$0.54. TransAlta had a return on equity of 33.61% and a net margin of 19.39%. The company had revenue of C$947.00 million for the quarter. On average, research analysts anticipate that TransAlta will post 0.8411458 EPS for the current year.

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Friday, May 31st. TransAlta’s dividend payout ratio is currently 12.31%.

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.