TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Sunday, December 1st will be paid a dividend of 0.06 per share on Wednesday, January 1st. This represents a $0.24 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, November 29th.
TransAlta Price Performance
Shares of TA stock opened at C$14.08 on Friday. TransAlta has a twelve month low of C$8.22 and a twelve month high of C$14.65. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The business has a fifty day simple moving average of C$12.98 and a 200 day simple moving average of C$10.84. The company has a market cap of C$4.20 billion, a P/E ratio of 7.41, a P/E/G ratio of -0.07 and a beta of 0.93.
TransAlta (TSE:TA – Get Free Report) (NYSE:TAC) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.11. TransAlta had a net margin of 19.50% and a return on equity of 32.01%. The company had revenue of C$582.00 million during the quarter.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on TransAlta
Insider Transactions at TransAlta
In other news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. In related news, Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total value of C$114,500.00. Also, Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$10.99, for a total value of C$536,674.67. Insiders sold a total of 120,217 shares of company stock valued at $1,397,220 over the last ninety days. 0.21% of the stock is currently owned by insiders.
TransAlta Company Profile
TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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