TransAlta Corp. (NYSE:TAC) (TSE:TA) declared a quarterly dividend on Tuesday, October 18th. Investors of record on Thursday, December 1st will be paid a dividend of 0.0301 per share on Sunday, January 1st. This represents a $0.12 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, November 29th.

TransAlta Corp. (NYSE:TAC) opened at 4.25 on Thursday. The company has a 50-day moving average of $4.30 and a 200-day moving average of $4.70. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 33.46 and a beta of 0.59. TransAlta Corp. has a 12 month low of $2.54 and a 12 month high of $5.62.

Dividend History for TransAlta Corp. (NYSE:TAC)

A number of institutional investors have recently bought and sold shares of the company. AXA acquired a new position in TransAlta Corp. during the second quarter valued at approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TransAlta Corp. by 11.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,478 shares of the company’s stock valued at $113,000 after buying an additional 2,528 shares during the last quarter. Citadel Advisors LLC boosted its position in TransAlta Corp. by 66.4% in the second quarter. Citadel Advisors LLC now owns 24,200 shares of the company’s stock valued at $125,000 after buying an additional 9,658 shares during the last quarter. AQR Capital Management LLC acquired a new position in TransAlta Corp. during the second quarter valued at approximately $132,000. Finally, Cubist Systematic Strategies LLC boosted its position in TransAlta Corp. by 116.0% in the second quarter. Cubist Systematic Strategies LLC now owns 42,950 shares of the company’s stock valued at $223,000 after buying an additional 23,067 shares during the last quarter. Institutional investors and hedge funds own 40.92% of the company’s stock.

Several brokerages have issued reports on TAC. Zacks Investment Research upgraded TransAlta Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada upgraded TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price objective on the stock in a research note on Monday, November 7th. RBC Capital Markets upgraded TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price objective on the stock in a research note on Monday, November 7th. Finally, Scotiabank upgraded TransAlta Corp. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. TransAlta Corp. has an average rating of “Hold” and a consensus price target of $5.56.

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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.

5 Day Chart for NYSE:TAC

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