TransAlta (TSE:TA) Share Price Crosses Below Two Hundred Day Moving Average of $13.53

TransAlta Co. (TSE:TAGet Rating) (NYSE:TAC) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.53 and traded as low as C$13.32. TransAlta shares last traded at C$13.33, with a volume of 353,280 shares changing hands.

TA has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a C$17.00 price objective on shares of TransAlta in a report on Monday, May 9th. Credit Suisse Group upped their price target on TransAlta to C$18.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 20th. CSFB upped their price target on TransAlta from C$17.00 to C$18.00 in a research note on Wednesday, April 20th. Finally, National Bankshares upped their price target on TransAlta from C$14.00 to C$15.00 and gave the stock a “sector perform” rating in a research note on Monday, May 9th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$16.20.

The business has a 50-day moving average price of C$14.12 and a two-hundred day moving average price of C$13.53. The company has a quick ratio of 0.79, a current ratio of 1.14 and a debt-to-equity ratio of 149.96. The firm has a market cap of C$3.61 billion and a PE ratio of -10.05.

TransAlta (TSE:TAGet Rating) (NYSE:TAC) last posted its earnings results on Friday, May 6th. The company reported C$0.57 EPS for the quarter, beating the consensus estimate of C$0.10 by C$0.47. The business had revenue of C$735.00 million during the quarter. On average, equities research analysts predict that TransAlta Co. will post 0.3202223 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 1st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Tuesday, May 31st. TransAlta’s dividend payout ratio (DPR) is presently -14.32%.

In other TransAlta news, Senior Officer Kerry Lynn O’reilly sold 103,081 shares of the firm’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of C$14.01, for a total transaction of C$1,444,618.37. Following the transaction, the insider now owns 67,447 shares of the company’s stock, valued at C$945,229.24. Also, Senior Officer Jane Nyla Fedoretz sold 84,162 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of C$14.27, for a total value of C$1,200,991.74. Following the transaction, the insider now directly owns 67,613 shares in the company, valued at approximately C$964,837.51.

TransAlta Company Profile (TSE:TA)

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities.

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