TransAlta Co. (NYSE:TAC) (TSE:TA) – Research analysts at National Bank Financial issued their Q4 2019 EPS estimates for shares of TransAlta in a research report issued to clients and investors on Tuesday, February 11th. National Bank Financial analyst P. Kenny forecasts that the utilities provider will post earnings per share of $0.29 for the quarter.
TAC has been the topic of several other reports. Zacks Investment Research raised TransAlta from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada raised TransAlta from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a research report on Monday, February 10th. CIBC reaffirmed a “hold” rating and issued a $10.00 target price on shares of TransAlta in a research report on Thursday, January 30th. Scotiabank reaffirmed a “buy” rating on shares of TransAlta in a research report on Friday, February 7th. Finally, Credit Suisse Group raised TransAlta from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.15.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in shares of TransAlta by 727.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,644 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 6,720 shares in the last quarter. State Street Corp bought a new stake in shares of TransAlta during the 3rd quarter worth about $73,000. Jane Street Group LLC bought a new stake in shares of TransAlta during the 2nd quarter worth about $80,000. Corient Capital Partners LLC bought a new stake in shares of TransAlta during the 3rd quarter worth about $81,000. Finally, Signition LP bought a new stake in shares of TransAlta during the 4th quarter worth about $88,000. Institutional investors own 52.11% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.033 per share. This represents a $0.13 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from TransAlta’s previous quarterly dividend of $0.03. TransAlta’s dividend payout ratio is -22.64%.
TransAlta Company Profile
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind.
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