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

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 35,179 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was 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 transaction of C$795,150.00.
• 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 value of C$1,060,227.30.

TransAlta Trading Down 0.7 %

Shares of TransAlta stock opened at C$20.02 on Friday. The company has a fifty day simple moving average of C$15.59 and a 200-day simple moving average of C$12.60. TransAlta Co. has a 12-month low of C$8.22 and a 12-month 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 price-to-earnings ratio of 10.54, a PEG ratio of -0.07 and a beta of 0.93.

TransAlta Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a $0.06 dividend. 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 currently 12.63%.

Wall Street Analysts Forecast Growth

TA has been the subject of several analyst reports. Desjardins boosted their target price on TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday. Scotiabank raised TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. TD Securities raised their target price 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. BMO Capital Markets lifted their price target on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday. Finally, National Bankshares increased their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.