TransAlta Renewables Inc. (TSE:RNW) Director P. Thomas Jenkins sold 900 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of C$12.89, for a total transaction of C$11,601.00.

Shares of TransAlta Renewables Inc. (TSE RNW) traded down C$0.03 during mid-day trading on Tuesday, reaching C$12.83. The company’s stock had a trading volume of 254,435 shares, compared to its average volume of 239,203. TransAlta Renewables Inc. has a one year low of C$12.78 and a one year high of C$16.25.

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.0783 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.94 annualized dividend and a yield of 7.32%. TransAlta Renewables’s dividend payout ratio (DPR) is presently 2,966.53%.

RNW has been the topic of several recent research reports. TD Securities cut their price objective on shares of TransAlta Renewables from C$15.50 to C$15.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Scotiabank lowered their price target on TransAlta Renewables from C$15.00 to C$14.00 and set a “sector perform” rating on the stock in a report on Tuesday, November 14th. Four research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of C$14.67.

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About TransAlta Renewables

TransAlta Renewables Inc is a Canada-based company engaged in developing, owning and operating renewable power generation facilities. The Company owns and operates over 10 hydro facilities and approximately 20 wind farms in Western and Eastern Canada with a total installed capacity of approximately 1,140 megawatts (MW) and holds economic interest in approximately 140 MW Wyoming Wind Farm and approximately 420 MW Australian gas-fired generation assets, as well as over 270 kilometers gas pipeline.

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