Somewhat Favorable Media Coverage Somewhat Unlikely to Affect TransAlta (TAC) Share Price

News coverage about TransAlta (NYSE:TAC) (TSE:TA) has been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TransAlta earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.841420451134 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Several brokerages have issued reports on TAC. Zacks Investment Research upgraded TransAlta from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Scotiabank upgraded TransAlta from a “sector perform” rating to an “outperform” rating in a report on Wednesday, February 28th. Finally, ValuEngine lowered TransAlta from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.00.

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TransAlta (NYSE:TAC) opened at $5.55 on Tuesday. TransAlta has a fifty-two week low of $5.00 and a fifty-two week high of $6.60. The company has a quick ratio of 0.93, a current ratio of 1.06 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $1,583.47, a P/E ratio of -11.10 and a beta of 0.58.

TransAlta (NYSE:TAC) (TSE:TA) last posted its earnings results on Thursday, March 1st. The utilities provider reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.11). TransAlta had a negative net margin of 7.95% and a negative return on equity of 1.97%. The company had revenue of $502.38 million during the quarter, compared to the consensus estimate of $484.04 million. sell-side analysts forecast that TransAlta will post 0.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 1st will be issued a $0.0324 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from TransAlta’s previous quarterly dividend of $0.03. TransAlta’s dividend payout ratio (DPR) is currently -26.00%.

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TransAlta Company Profile

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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