TransAlta Corp. Expected to Earn Q3 2016 Earnings of ($0.02) Per Share (TAC)
TransAlta Corp. (NYSE:TAC) – National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of TransAlta Corp. in a research report issued to clients and investors on Wednesday. National Bank Financial analyst P. Kenny anticipates that the firm will earn ($0.02) per share for the quarter.
Separately, Zacks Investment Research downgraded shares of TransAlta Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.19.
TransAlta Corp. (NYSE:TAC) opened at 4.47 on Monday. TransAlta Corp. has a 52-week low of $2.54 and a 52-week high of $5.62. The stock has a market cap of $1.29 billion, a PE ratio of 7.83 and a beta of 0.56. The company’s 50 day moving average is $4.48 and its 200-day moving average is $4.82.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 1st were given a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Tuesday, August 30th. TransAlta Corp.’s dividend payout ratio is presently 20.34%.
Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp raised its position in TransAlta Corp. by 4.0% in the second quarter. Stifel Financial Corp now owns 26,300 shares of the company’s stock worth $137,000 after buying an additional 1,000 shares in the last quarter. Shell Asset Management Co. raised its position in TransAlta Corp. by 24.5% in the second quarter. Shell Asset Management Co. now owns 24,400 shares of the company’s stock worth $164,000 after buying an additional 4,800 shares in the last quarter. Swiss National Bank raised its position in TransAlta Corp. by 1.2% in the second quarter. Swiss National Bank now owns 480,000 shares of the company’s stock worth $2,484,000 after buying an additional 5,700 shares in the last quarter. Citadel Advisors LLC raised its position in TransAlta Corp. by 66.4% in the second quarter. Citadel Advisors LLC now owns 24,200 shares of the company’s stock worth $125,000 after buying an additional 9,658 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in TransAlta Corp. by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 301,690 shares of the company’s stock worth $1,402,000 after buying an additional 13,423 shares in the last quarter. 41.90% of the stock is owned by institutional investors and hedge funds.
TransAlta Corp. Company Profile
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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