Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$8.00.

A number of research analysts have recently weighed in on TA shares. Scotiabank set a C$8.00 price target on TransAlta and gave the company a “sector perform” rating in a report on Friday, August 11th. National Bank Financial increased their price objective on TransAlta from C$8.50 to C$9.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 2nd.

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In other news, Director David Lawrence Mowat acquired 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of C$44.75 per share, for a total transaction of C$55,937.50.

TransAlta (TA) traded up 0.40% during mid-day trading on Wednesday, reaching $7.44. The company had a trading volume of 235,147 shares. TransAlta has a 12 month low of $5.11 and a 12 month high of $8.50. The stock’s 50-day moving average is $7.58 and its 200 day moving average is $7.64. The firm has a market capitalization of $2.14 billion and a P/E ratio of 68.89.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 1st were paid a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.16 annualized dividend and a yield of 2.15%.

About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

Analyst Recommendations for TransAlta (TSE:TA)

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