TransAlta Co. (TSE:TA) Director Sells C$795,150.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$17.67, for a total value of C$795,150.00.

John Harry Kousinioris also recently made the following trade(s):

• On Friday, November 22nd, John Harry Kousinioris sold 69,982 shares of TransAlta stock. The stock was sold at an average price of C$15.15, for a total transaction of C$1,060,227.30.

TransAlta Trading Up 6.5 %

Shares of TransAlta stock opened at C$19.10 on Monday. The firm has a market cap of C$5.69 billion, a PE ratio of 10.05, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta Co. has a 1 year low of C$8.22 and a 1 year high of C$19.16. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a fifty day moving average price of C$14.65 and a 200-day moving average price of C$12.04.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio is 12.63%.

Analysts Set New Price Targets

TA has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Scotiabank upgraded TransAlta to a “strong-buy” rating in a report on Thursday. National Bankshares raised their price objective on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Royal Bank of Canada upped their target price on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. Finally, Desjardins lowered shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, TransAlta has a consensus rating of “Buy” and an average price target of C$16.17.

TransAlta Company Profile

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.