Somewhat Positive News Coverage Somewhat Unlikely to Affect TransAlta Corporation (NYSE:TAC) Share Price
News stories about TransAlta Corporation (NYSE:TAC) (TSE:TA) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TransAlta Corporation earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 47.4722450679343 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- TransAlta Corporation Ordinary (NYSE:TAC) Experiences Lighter than Average Trading Volume (highlightpress.com)
- TransAlta (TAC) Q2 Loss in Line with Estimates, Revises View (finance.yahoo.com)
- See what the IHS Markit Score report has to say about TransAlta Corp. (finance.yahoo.com)
- TransAlta reports 2Q loss – Yahoo News UK (uk.news.yahoo.com)
- TransAlta Corporation Ordinary (NYSE:TAC) Sees Light Trading Volume with 14K Shares Changing Hands – First News 24 (firstnewspaper24.com)
TAC has been the topic of several research reports. BidaskClub upgraded shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. TheStreet downgraded shares of TransAlta Corporation from a “c” rating to a “d+” rating in a report on Friday, May 5th. Finally, Zacks Investment Research downgraded shares of TransAlta Corporation from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.83.
TransAlta Corporation (NYSE TAC) traded down 1.20% during mid-day trading on Friday, reaching $6.20. 113,788 shares of the company were exchanged. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 40.79 and a beta of 0.71. TransAlta Corporation has a 12-month low of $3.75 and a 12-month high of $6.60. The company’s 50 day moving average price is $6.36 and its 200-day moving average price is $5.76.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be issued a $0.0314 dividend. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a yield of 2.03%. The ex-dividend date is Wednesday, August 30th. TransAlta Corporation’s dividend payout ratio (DPR) is currently 133.35%.
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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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