TransAlta Corp. (TAC) Trading Down 1.7%

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TransAlta Corp. (NYSE:TAC)’s share price traded down 1.7% on Monday . The stock traded as low as $4.52 and last traded at $4.58, with a volume of 58,666 shares trading hands. The stock had previously closed at $4.66.
Separately, Zacks Investment Research cut TransAlta Corp. from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. TransAlta Corp. presently has a consensus rating of “Hold” and a consensus price target of $6.19.
The company has a 50-day moving average price of $4.57 and a 200 day moving average price of $4.82. The company has a market capitalization of $1.32 billion, a PE ratio of 7.95 and a beta of 0.53.

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The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 1st will be paid a $0.031 dividend. The ex-dividend date is Tuesday, August 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.71%. TransAlta Corp.’s payout ratio is 20.34%.
About TransAlta Corp.
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.

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