TransAlta Co. (TSE:TA) Director John Harry Kousinioris Sells 45,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 45,000 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$17.67, for a total value of C$795,150.00.

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

• 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 transaction of C$1,060,227.30.

TransAlta Trading Up 6.5 %

TA stock opened at C$19.10 on Friday. TransAlta Co. has a twelve month low of C$8.22 and a twelve month high of C$19.16. The firm’s fifty day simple moving average is C$14.65 and its two-hundred day simple moving average is C$12.01. The stock has a market capitalization of C$5.69 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87.

TransAlta Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders 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 annualized dividend and a dividend yield of 1.26%. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. TD Securities raised their price target on 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 raised their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Royal Bank of Canada increased their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. Finally, Desjardins lowered shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TransAlta currently has a consensus rating of “Moderate Buy” and an average target price of C$16.17.

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.