TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Sunday, December 1st will be paid a dividend of 0.06 per share on Wednesday, January 1st. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, November 29th.
TransAlta Trading Up 0.4 %
TransAlta stock opened at C$14.08 on Friday. The firm has a market capitalization of C$4.20 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of -0.07 and a beta of 0.93. The firm has a 50 day moving average of C$12.98 and a 200 day moving average of C$10.84. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta has a 12-month low of C$8.22 and a 12-month high of C$14.65.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 EPS for the quarter, beating 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%.
Wall Street Analysts Forecast Growth
Insider Buying and Selling
In other news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total transaction of C$467,571.40. In other news, Senior Officer Jane Nyla Fedoretz sold 41,378 shares of TransAlta stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of C$11.30, for a total transaction of C$467,571.40. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the firm’s stock in a transaction 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. In the last three months, insiders sold 120,217 shares of company stock valued at $1,397,220. Insiders own 0.21% of the company’s stock.
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.
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