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

TransAlta Co. (TSE:TA) (NYSE:TAC) Director John Harry Kousinioris sold 35,179 shares of TransAlta 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 shares were sold at an average price of C$15.15, for a total transaction of C$1,060,227.30.

TransAlta Price Performance

TSE:TA opened at C$19.89 on Friday. The company has a market capitalization of C$5.93 billion, a P/E ratio of 10.47, a P/E/G ratio of -0.07 and a beta of 0.93. The business’s 50-day moving average is C$15.70 and its 200 day moving average is C$12.67. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta Co. has a 12 month low of C$8.22 and a 12 month high of C$20.98.

TransAlta Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders 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 1.21%. TransAlta’s dividend payout ratio (DPR) is 12.63%.

Analyst Upgrades and Downgrades

TA has been the subject of several analyst reports. TD Securities raised their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Desjardins lifted 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. National Bankshares upped their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Scotiabank upgraded TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada boosted their target price on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. One investment 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. Based on data from MarketBeat, TransAlta presently has a consensus rating of “Buy” and a consensus target price 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.