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

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC Director John Harry Kousinioris sold 35,179 shares of TransAlta stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$20.73, for a total transaction 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 shares were 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 0.7 %

TSE TA traded down C$0.14 on Thursday, reaching C$20.02. The company had a trading volume of 1,936,635 shares, compared to its average volume of 1,131,257. The company's fifty day moving average is C$15.48 and its 200-day moving average is C$12.55. The firm has a market capitalization of C$5.97 billion, a price-to-earnings ratio of 10.54, 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. TransAlta Co. has a 1-year low of C$8.22 and a 1-year high of C$20.98.

TransAlta Announces Dividend

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

Analysts Set New Price Targets

TA has been the topic of a number of analyst reports. Scotiabank upgraded shares of TransAlta to a "strong-buy" rating in a research report on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of TransAlta from C$17.00 to C$22.00 in a research report on Monday. Royal Bank of Canada upped their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. TD Securities raised their price objective on TransAlta from C$16.00 to C$18.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, National Bankshares boosted their target price on TransAlta from C$14.00 to C$15.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.