Shares of TransAlta Co. (TSE:TA) (NYSE:TAC) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$8.57.

A number of equities analysts have weighed in on the company. Scotiabank upped their price target on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. CIBC upped their price target on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. CSFB upped their price target on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research report on Thursday, December 7th. National Bank Financial upped their price target on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada upped their price target on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th.

In related news, insider John Harry Kousinioris acquired 18,800 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was bought at an average price of C$7.49 per share, with a total value of C$140,812.00. Also, insider David Fuller acquired 9,832 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was bought at an average cost of C$47.98 per share, with a total value of C$471,739.36. In the last three months, insiders bought 38,932 shares of company stock valued at $692,788.

TransAlta (TSE:TA) traded down C$0.01 during trading hours on Monday, reaching C$7.31. The company’s stock had a trading volume of 204,766 shares, compared to its average volume of 504,846. TransAlta has a 52-week low of C$6.88 and a 52-week high of C$8.50. The firm has a market cap of $2,100.00, a P/E ratio of 121.83 and a beta of 0.43.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 1st were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Thursday, November 30th. TransAlta’s payout ratio is presently 266.67%.

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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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