TransAlta Corporation (NYSE:TAC) is expected to pay $0.03 on Jan 1, 2017. The indicated annual dividend is $0.12. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on TransAlta Corporation’s current price of $5.30, the dividend is 0.57%. This dividend’s record date is Dec 1, 2016 and the announcement date is Oct 18, 2016. The stock increased 24.71% or $1.05 on November 25, hitting $5.3. TransAlta Corporation (USA) (NYSE:TAC) has risen 7.94% since April 25, 2016 and is uptrending. It has outperformed by 1.93% the S&P500.
TransAlta Corporation is a non-regulated electricity generation and energy marketing firm with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The company has a market cap of $1.95 billion. The Firm is engaged in the production and sale of electric energy. It has a 1977.61 P/E ratio. TransAlta is organized into seven divisions: Canadian Coal, U.S.
TransAlta Corporation (USA) (NYSE:TAC) Ratings Coverage
Out of 4 analysts covering TransAlta (NYSE:TAC), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. TransAlta has been the topic of 10 analyst reports since August 24, 2015 according to StockzIntelligence Inc. On Friday, February 19 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of TransAlta Corporation (USA) (NYSE:TAC) earned “Sector Perform” rating by RBC Capital Markets on Monday, November 7. The firm has “Sector Underperform” rating given on Tuesday, August 25 by IBC. On Monday, January 18 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. As per Wednesday, September 16, the company rating was upgraded by Credit Suisse. The stock has “Underperform” rating given by RBC Capital Markets on Wednesday, May 4. BMO Capital Markets downgraded TransAlta Corporation (USA) (NYSE:TAC) on Thursday, January 14 to “Market Perform” rating. As per Monday, November 23, the company rating was upgraded by RBC Capital Markets. The rating was upgraded by BMO Capital Markets to “Market Perform” on Monday, August 24.
More notable recent TransAlta Corporation (USA) (NYSE:TAC) news were published by: Fool.ca which released: “TransAlta Corporation: Time to Buy This Stock?” on November 24, 2016, also Fool.ca with their article: “Why TransAlta Corporation Remains an Unattractive Investment” published on April 21, 2016, Fool.ca published: “Should Investors Buy TransAlta Corporation or TransAlta Renewables Inc.?” on October 21, 2016. More interesting news about TransAlta Corporation (USA) (NYSE:TAC) were released by: Fool.ca and their article: “Are Investors Mispricing TransAlta Corporation?” published on June 07, 2016 as well as Fool.ca‘s news article titled: “TransAlta Corporation: 3 Reasons This Turnaround Could Be Massive” with publication date: July 08, 2016.
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