TransAlta (TSE:TA) Stock Passes Below Two Hundred Day Moving Average of $12.75

TransAlta Co. (TSE:TAGet Rating) (NYSE:TAC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.75 and traded as low as C$12.56. TransAlta shares last traded at C$12.63, with a volume of 230,024 shares changing hands.

Analyst Upgrades and Downgrades

TA has been the topic of several research analyst reports. Scotiabank lifted their target price on shares of TransAlta from C$15.50 to C$16.00 in a research report on Wednesday, November 9th. National Bankshares lifted their target price on shares of TransAlta from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 9th. ATB Capital lifted their target price on shares of TransAlta from C$16.50 to C$17.50 in a research report on Wednesday, November 9th. Credit Suisse Group lifted their target price on shares of TransAlta from C$17.00 to C$17.50 and gave the company an “outperform” rating in a research report on Thursday, December 15th. Finally, TD Securities dropped their target price on shares of TransAlta from C$18.00 to C$17.50 and set a “buy” rating on the stock in a research report on Wednesday, November 9th.

TransAlta Stock Up 0.3 %

The stock has a market capitalization of C$3.40 billion and a price-to-earnings ratio of 38.27. The business’s 50-day moving average is C$12.45 and its two-hundred day moving average is C$12.75. The company has a quick ratio of 0.62, a current ratio of 1.09 and a debt-to-equity ratio of 163.30.

TransAlta (TSE:TAGet Rating) (NYSE:TAC) last posted its quarterly earnings results on Tuesday, November 8th. The company reported C$0.23 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.11). The company had revenue of C$929.00 million for the quarter. Equities analysts anticipate that TransAlta Co. will post 0.49 EPS for the current year.

TransAlta Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, April 1st. Investors of record on Wednesday, March 1st will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 1.74%. TransAlta’s payout ratio is presently 60.61%.

Insiders Place Their Bets

In other TransAlta news, Director John Harry Kousinioris sold 112,273 shares of TransAlta stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of C$11.98, for a total transaction of C$1,345,030.54. Following the transaction, the director now directly owns 281,266 shares of the company’s stock, valued at C$3,369,566.68.

TransAlta Company Profile

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TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities.

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