TransAlta (TAC) Earning Somewhat Positive News Coverage, Study Finds
News headlines about TransAlta (NYSE:TAC) (TSE:TA) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TransAlta earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 47.5030359121158 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of TransAlta (NYSE TAC) opened at $5.75 on Thursday. TransAlta has a 52-week low of $5.00 and a 52-week high of $6.60. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.07. The company has a market capitalization of $1,680.00, a PE ratio of 145.00 and a beta of 0.77.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 1st will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.12 annualized dividend and a dividend yield of 2.16%. TransAlta’s payout ratio is 300.00%.
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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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