TransAlta Corporation (TAC) Given Daily Coverage Optimism Rating of 0.16
Media headlines about TransAlta Corporation (NYSE:TAC) (TSE:TA) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. TransAlta Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the utilities provider an impact score of 45.5671120861358 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
TransAlta Corporation (TAC) traded down 0.84% during midday trading on Thursday, reaching $5.90. 16,798 shares of the company’s stock traded hands. TransAlta Corporation has a 52-week low of $3.75 and a 52-week high of $6.60. The firm’s 50-day moving average is $6.11 and its 200 day moving average is $5.89. The firm has a market cap of $1.70 billion, a PE ratio of 66.29 and a beta of 0.71.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 1st were issued a $0.0314 dividend. The ex-dividend date was Wednesday, August 30th. This is a boost from TransAlta Corporation’s previous quarterly dividend of $0.03. This represents a $0.13 annualized dividend and a yield of 2.11%. TransAlta Corporation’s payout ratio is 144.46%.
TAC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of TransAlta Corporation from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Tuesday, August 15th. BidaskClub upgraded shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Six analysts have rated the stock with a hold rating, TransAlta Corporation presently has a consensus rating of “Hold” and a consensus price target 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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