TransAlta Co. (TSE:TA) Director Sells C$729,260.67 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 35,179 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total transaction of C$729,260.67.

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

• On Thursday, December 5th, John Harry Kousinioris sold 45,000 shares of TransAlta stock. The stock was sold at an average price of C$17.67, for a total value of C$795,150.00.
• On Friday, November 22nd, John Harry Kousinioris sold 69,982 shares of TransAlta stock. The shares were sold at an average price of C$15.15, for a total value of C$1,060,227.30.

TransAlta Price Performance

TA opened at C$19.89 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The company’s 50-day moving average price is C$15.70 and its 200 day moving average price is C$12.69. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$20.98. The firm has a market cap of C$5.93 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93.

TransAlta Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.21%. TransAlta’s dividend payout ratio is currently 12.63%.

Analyst Ratings Changes

Several research firms have recently commented on TA. TD Securities increased their target price on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research note on Thursday, December 5th. BMO Capital Markets lifted their price target on TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. Finally, Desjardins upped their price objective on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$17.08.

About TransAlta

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.