TransAlta Renewables Inc (TSE:RNW) reached a new 52-week low on Wednesday . The company traded as low as C$11.80 and last traded at C$11.88, with a volume of 191888 shares traded. The stock had previously closed at C$11.94.
A number of equities research analysts recently weighed in on RNW shares. CIBC lowered their target price on shares of TransAlta Renewables from C$13.50 to C$13.00 in a report on Friday, May 11th. National Bank Financial restated a “sector perform” rating and issued a C$13.00 target price on shares of TransAlta Renewables in a report on Tuesday, June 26th. Five analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of C$13.64.
The company also recently disclosed a monthly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 31st were given a $0.0783 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date of this dividend was Tuesday, August 14th.
TransAlta Renewables Company Profile (TSE:RNW)
TransAlta Renewables Inc develops, owns, and operates renewable power generation facilities. The company's portfolio consists of wind, hydro, and gas facilities. It owns and operates 18 wind facilities, 13 hydroelectric facilities, 7 natural gas generation facilities, and 1 natural gas pipeline comprising an ownership interest of 2316 megawatts of net generating capacity located in the provinces of British Columbia, Alberta, Ontario, Québec, New Brunswick, the State of Wyoming, and the State of Western Australia.
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