TransAlta (TSE:TA) Price Target Raised to C$18.00 at TD Securities

TransAlta (TSE:TA) (NYSE:TAC) had its price target hoisted by TD Securities from C$16.00 to C$18.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a buy rating on the stock.

TA has been the subject of several other reports. National Bankshares boosted their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets increased their price target on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. CIBC decreased their price objective on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. Finally, Desjardins set a C$15.50 price objective on TransAlta and gave the stock a “buy” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$16.17.

TransAlta Stock Down 5.0 %

TransAlta stock opened at C$14.53 on Wednesday. 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 company has a market capitalization of C$4.33 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The firm has a 50 day moving average price of C$13.45 and a 200 day moving average price of C$11.14. TransAlta has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.37.

TransAlta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio is currently 12.63%.

Insider Activity at TransAlta

In related news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of TransAlta stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. Also, Senior Officer Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$13.92, for a total transaction of C$278,400.00. Insiders sold 78,839 shares of company stock worth $929,648 in the last 90 days. Corporate 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.