TransAlta Co. (TSE:TA) Director Sells C$1,060,227.30 in Stock

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

TransAlta Price Performance

Shares of TSE:TA opened at C$15.55 on Thursday. The stock has a market cap of C$4.64 billion, a price-to-earnings ratio of 8.18, a PEG ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. TransAlta Co. has a 12 month low of C$8.22 and a 12 month high of C$15.61. The stock’s 50 day moving average price is C$14.21 and its 200 day moving average price is C$11.73.

TransAlta Dividend Announcement

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 1.54%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio is presently 12.63%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted 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 lifted 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 boosted their price objective on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. BMO Capital Markets raised their target price on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. Finally, Desjardins lowered 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 MarketBeat.com, TransAlta presently has an average 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.