Todays Report: The TransAlta Corp. (TAC) To Go Ex-Dividend on November 29th

The TransAlta Corp. (TAC) To Go Ex-Dividend on November 29th

TransAlta Corp. (NYSE:TAC) (TSE:TA) declared a quarterly dividend on Tuesday, October 18th. Stockholders 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 dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, November 29th.

TransAlta Corp. (NYSE:TAC) opened at 5.30 on Monday. The stock has a market cap of $1.53 billion, a P/E ratio of 41.73 and a beta of 0.59. TransAlta Corp. has a 52 week low of $2.54 and a 52 week high of $5.62. The stock has a 50 day moving average price of $4.33 and a 200-day moving average price of $4.70.

TAC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of TransAlta Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Royal Bank Of Canada raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price target for the company in a research note on Monday, November 7th. Scotiabank raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating in a research note on Monday, November 7th. RBC Capital Markets raised shares of TransAlta Corp. from an “underperform” rating to a “sector perform” rating and set a $6.00 price target for the company in a research note on Monday, November 7th. Finally, BMO Capital Markets set a $8.00 price target on shares of TransAlta Corp. and gave the stock a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. TransAlta Corp. has an average rating of “Hold” and a consensus target price of $6.31.

A number of institutional investors have recently added to or reduced their stakes in the company. AXA acquired a new position in shares of TransAlta Corp. during the second quarter worth $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TransAlta Corp. by 11.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,478 shares of the company’s stock worth $113,000 after buying an additional 2,528 shares in the last quarter. Citadel Advisors LLC increased its position in shares of TransAlta Corp. by 66.4% in the second quarter. Citadel Advisors LLC now owns 24,200 shares of the company’s stock worth $125,000 after buying an additional 9,658 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of TransAlta Corp. during the second quarter worth $132,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of TransAlta Corp. by 116.0% in the second quarter. Cubist Systematic Strategies LLC now owns 42,950 shares of the company’s stock worth $223,000 after buying an additional 23,067 shares in the last quarter. 40.92% of the stock is owned by institutional investors.

About TransAlta Corp.

Related posts

Leave a Comment