TransAlta (TSE:TA) Share Price Crosses Above 200-Day Moving Average of $12.66

TransAlta Co. (TSE:TAGet Rating) (NYSE:TAC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$12.66 and traded as high as C$12.69. TransAlta shares last traded at C$12.39, with a volume of 643,666 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TA shares. Credit Suisse Group boosted their price target on TransAlta from C$17.00 to C$17.50 and gave the company an “outperform” rating in a report on Thursday, December 15th. ATB Capital upped their target price on TransAlta from C$16.50 to C$17.50 in a report on Wednesday, November 9th. TD Securities cut their price target on shares of TransAlta from C$18.00 to C$17.50 and set a “buy” rating on the stock in a report on Wednesday, November 9th. Scotiabank upped their price objective on shares of TransAlta from C$15.50 to C$16.00 in a report on Wednesday, November 9th. Finally, CSFB lifted their target price on shares of TransAlta from C$15.00 to C$17.00 in a research note on Wednesday, November 9th.

TransAlta Trading Down 2.8 %

The stock’s fifty day moving average price is C$12.46 and its 200 day moving average price is C$12.66. The stock has a market cap of C$3.34 billion and a P/E ratio of 37.55. The company has a current ratio of 1.09, a quick ratio of 0.62 and a debt-to-equity ratio of 163.30.

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

TransAlta Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Wednesday, March 1st will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, February 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.78%. TransAlta’s dividend payout ratio is currently 60.61%.

Insider Transactions at TransAlta

In related news, Director John Harry Kousinioris sold 112,273 shares of the 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 sale, the director now directly owns 281,266 shares of the company’s stock, valued at approximately C$3,369,566.68.

About TransAlta

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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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