TransAlta Co. (TSE:TA) Director John Harry Kousinioris Sells 35,179 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 35,179 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$20.73, for a total value 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 Stock Down 0.6 %

Shares of TSE TA traded down C$0.12 during mid-day trading on Thursday, reaching C$20.04. The company had a trading volume of 758,442 shares, compared to its average volume of 1,126,060. The firm has a 50 day simple moving average of C$15.48 and a two-hundred day simple moving average of C$12.55. TransAlta Co. has a 52-week low of C$8.22 and a 52-week high of C$20.98. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The stock has a market cap of C$5.97 billion, a P/E ratio of 10.55, a PEG ratio of -0.07 and a beta of 0.93.

TransAlta Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, November 29th. TransAlta’s payout ratio is 12.63%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TA shares. BMO Capital Markets raised their target price on shares of TransAlta from C$17.00 to C$22.00 in a report on Monday. TD Securities raised their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. National Bankshares boosted their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Desjardins increased their target price on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price target on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. One research 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, TransAlta currently has a consensus rating of “Buy” and a consensus target price of C$17.08.

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.