TransAlta Co. (TSE:TA) (NYSE:TAC) – Equities research analysts at National Bank Financial reduced their FY2018 earnings per share (EPS) estimates for shares of TransAlta in a report issued on Wednesday. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $0.10 for the year, down from their prior forecast of $0.11. National Bank Financial currently has a “Sector Perform” rating and a $9.50 target price on the stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of 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 raised their price target on shares of TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. CSFB raised their price target on shares of TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research report on Thursday, December 7th. Finally, Scotiabank lifted their price objective on shares of TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$8.57.

TransAlta (TSE:TA) traded down C$0.13 during trading on Monday, hitting C$7.49. 796,929 shares of the stock were exchanged, compared to its average volume of 539,065. TransAlta has a one year low of C$6.88 and a one year high of C$8.50.

In related news, insider John Harry Kousinioris purchased 10,300 shares of the company’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of C$7.79 per share, for a total transaction of C$80,237.00. Also, insider David Fuller purchased 9,832 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were bought at an average price of C$47.98 per share, for a total transaction of C$471,739.36.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a $0.04 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.16 annualized dividend and a yield of 2.14%. TransAlta’s dividend payout ratio is presently 266.67%.

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TransAlta Company Profile

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.

Earnings History and Estimates for TransAlta (TSE:TA)

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