TransAlta Co. (TSE:TA) Senior Officer Sells C$536,674.67 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Kerry Lynn O’reilly sold 48,833 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$10.99, for a total value of C$536,674.67.

TransAlta Trading Down 0.5 %

Shares of TA stock traded down C$0.06 on Friday, hitting C$11.04. The stock had a trading volume of 922,488 shares, compared to its average volume of 986,658. The company’s 50 day moving average price is C$9.94 and its 200-day moving average price is C$9.49. TransAlta Co. has a 1 year low of C$8.22 and a 1 year high of C$13.97. The company has a debt-to-equity ratio of 217.60, a current ratio of 0.69 and a quick ratio of 0.62. The firm has a market capitalization of C$3.36 billion, a P/E ratio of 5.71, a P/E/G ratio of -0.07 and a beta of 0.87.

TransAlta Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 2.17%. TransAlta’s dividend payout ratio (DPR) is 12.31%.

Analyst Ratings Changes

Separately, CIBC reduced their price objective on shares of TransAlta from C$16.50 to C$15.50 and set an “outperform” rating on the stock in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.88.

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.