Shares of TransAlta Renewables Inc (TSE:RNW) hit a new 52-week high on Tuesday . The stock traded as high as C$14.21 and last traded at C$14.17, with a volume of 46652 shares traded. The stock had previously closed at C$14.08.

Several research analysts have recently weighed in on RNW shares. Raymond James reaffirmed a “buy” rating and set a $0.65 target price on shares of DB Commodity Double Short ETN in a research note on Wednesday, May 15th. CIBC cut TransAlta Renewables from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from C$13.00 to C$13.50 in a research report on Wednesday, April 3rd. National Bank Financial boosted their price target on TransAlta Renewables from C$13.00 to C$13.25 and gave the stock a “sector perform” rating in a research report on Wednesday. Desjardins reiterated a “buy” rating on shares of Savaria in a research report on Wednesday, April 24th. Finally, Canaccord Genuity boosted their price target on TransAlta Renewables from C$13.00 to C$13.50 in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. TransAlta Renewables presently has a consensus rating of “Hold” and a consensus price target of C$13.16.

The company has a quick ratio of 0.91, a current ratio of 2.03 and a debt-to-equity ratio of 39.78. The stock has a market cap of $3.74 billion and a PE ratio of 15.03. The company has a 50-day moving average of C$13.82.

TransAlta Renewables (TSE:RNW) last issued its quarterly earnings results on Monday, May 13th. The company reported C$0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.22 by C$0.07. The firm had revenue of C$127.00 million for the quarter, compared to analysts’ expectations of C$116.40 million. As a group, analysts forecast that TransAlta Renewables Inc will post 0.8500001 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 31st will be given a dividend of $0.0783 per share. This represents a $0.94 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Friday, July 12th. TransAlta Renewables’s payout ratio is 99.57%.

TransAlta Renewables Company Profile (TSE:RNW)

TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. As of March 6, 2019, it owned and operated 21 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, 1 solar facility, and 1 natural gas pipeline comprising an ownership interest of 2,414 megawatts of generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, and New Brunswick; and the States of Wyoming, Massachusetts, and Minnesota, as well as the State of Western Australia.

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