Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$8.57.

TA has been the subject of a number of research analyst reports. CSFB raised their target price on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research note on Thursday, December 7th. Royal Bank of Canada raised their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. CIBC raised their target price on TransAlta from C$8.25 to C$8.50 in a research note on Thursday, December 7th. National Bank Financial lifted their price objective on TransAlta from C$9.00 to C$9.50 and gave the company a “sector perform” rating in a research note on Thursday, December 7th. Finally, Scotiabank lifted their price objective on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Thursday, December 7th.

TransAlta (TSE:TA) traded up C$0.06 during trading on Monday, hitting C$7.45. The stock had a trading volume of 379,001 shares, compared to its average volume of 540,806. The firm has a market cap of $2,140.00, a PE ratio of 124.17 and a beta of 0.42. TransAlta has a 52-week low of C$6.88 and a 52-week high of C$8.50.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be paid a $0.04 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 2.15%. TransAlta’s dividend payout ratio is presently 266.67%.

In other news, insider John Harry Kousinioris acquired 10,300 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average cost of C$7.79 per share, for a total transaction of C$80,237.00. Also, insider David Fuller acquired 9,832 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was purchased at an average price of C$47.98 per share, for a total transaction of C$471,739.36. In the last 90 days, insiders purchased 38,932 shares of company stock valued at $692,788.

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TransAlta 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.

Analyst Recommendations for TransAlta (TSE:TA)

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