TransAlta Corp. (NYSE:TAC) shares fell 2.3% on Wednesday . The company traded as low as $4.66 and last traded at $4.67, with a volume of 79,720 shares changing hands. The stock had previously closed at $4.78.

A number of research firms have recently weighed in on TAC. Royal Bank Of Canada lowered TransAlta Corp. from a “sector perform” rating to an “underperform” rating and raised their target price for the company from $5.00 to $5.50 in a report on Wednesday, May 4th. They noted that the move was a valuation call. Credit Suisse Group AG lowered TransAlta Corp. from a “neutral” rating to an “underperform” rating in a report on Friday, April 22nd. Zacks Investment Research downgraded TransAlta Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, TD Securities downgraded TransAlta Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $6.38.

The stock has a 50 day moving average price of $5.14 and a 200-day moving average price of $4.53. The stock has a market capitalization of $1.34 billion and a price-to-earnings ratio of 21.88.

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 1st will be issued a dividend of $0.031 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.66%.

An institutional investor recently raised its position in TransAlta Corp. stock. Russell Frank Co boosted its position in TransAlta Corp. (NYSE:TAC) by 261.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 343,514 shares of the company’s stock after buying an additional 248,424 shares during the period. Russell Frank Co owned approximately 0.12% of TransAlta Corp. worth $1,202,000 at the end of the most recent quarter.

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.

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