Equities analysts expect that TransAlta Corporation (NYSE:TAC) (TSE:TA) will report earnings of $0.03 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for TransAlta Corporation’s earnings. TransAlta Corporation posted earnings per share of ($0.03) during the same quarter last year, which would indicate a positive year over year growth rate of 200%. The firm is scheduled to announce its next quarterly earnings report on Friday, November 3rd.

On average, analysts expect that TransAlta Corporation will report full-year earnings of ($0.07) per share for the current financial year, with EPS estimates ranging from ($0.09) to ($0.04). For the next financial year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.11) to $0.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for TransAlta Corporation.

Several equities research analysts have weighed in on the stock. BidaskClub raised shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research cut shares of TransAlta Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $7.00.

Large investors have recently modified their holdings of the company. World Asset Management Inc boosted its stake in shares of TransAlta Corporation by 0.4% in the 1st quarter. World Asset Management Inc now owns 17,762 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 66 shares in the last quarter. Karp Capital Management Corp bought a new position in TransAlta Corporation in the 1st quarter worth $553,000. Parametric Portfolio Associates LLC raised its holdings in TransAlta Corporation by 9.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 30,854 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 2,787 shares in the last quarter. Wellington Management Group LLP bought a new position in TransAlta Corporation in the 1st quarter worth $110,000. Finally, Vanguard Group Inc. raised its holdings in TransAlta Corporation by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 5,557,096 shares of the utilities provider’s stock worth $32,509,000 after purchasing an additional 220,705 shares in the last quarter. 50.62% of the stock is currently owned by hedge funds and other institutional investors.

TransAlta Corporation (NYSE TAC) remained flat at $5.95 during mid-day trading on Tuesday. 10,936 shares of the company’s stock traded hands. TransAlta Corporation has a 12 month low of $3.75 and a 12 month high of $6.60. The company has a market capitalization of $1.71 billion, a P/E ratio of 66.85 and a beta of 0.71. The stock’s 50-day moving average is $6.08 and its 200-day moving average is $5.90.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Investors of record on Friday, September 1st were issued a dividend of $0.0314 per share. This represents a $0.13 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Wednesday, August 30th. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. TransAlta Corporation’s dividend payout ratio is 144.46%.

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TransAlta Corporation Company Profile

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.

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