TransAlta Co. (TSE:TA) Director John Harry Kousinioris Sells 69,982 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 69,982 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$15.15, for a total transaction of C$1,060,227.30.

TransAlta Stock Up 0.3 %

TA opened at C$15.07 on Tuesday. The firm has a market cap of C$4.49 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The business has a 50 day moving average price of C$14.09 and a 200 day moving average price of C$11.67. TransAlta Co. has a twelve month low of C$8.22 and a twelve month high of C$15.37.

TransAlta Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is 12.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TA shares. TD Securities upped their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Desjardins cut TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Finally, 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 report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, TransAlta has an average rating of “Moderate Buy” and a consensus 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.