Media stories about TransAlta Corporation (NYSE:TAC) (TSE:TA) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TransAlta Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 45.5228290907747 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
TransAlta Corporation (TAC) traded down 1.56% during trading on Monday, reaching $6.30. 1,998 shares of the company were exchanged. TransAlta Corporation has a 1-year low of $3.75 and a 1-year high of $6.60. The company’s 50-day moving average price is $6.32 and its 200-day moving average price is $5.81. The stock has a market capitalization of $1.81 billion, a P/E ratio of 74.12 and a beta of 0.72.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 1st will be paid a dividend of $0.0314 per share. This represents a $0.13 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, August 30th. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. TransAlta Corporation’s payout ratio is 144.46%.
A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of TransAlta Corporation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating, TransAlta Corporation presently has a consensus rating of “Hold” and a consensus target price of $7.00.
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About TransAlta Corporation
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.
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