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 the firm’s 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 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 Stock Performance

TSE:TA opened at C$19.89 on Friday. The company has a market capitalization of C$5.93 billion, a PE ratio of 10.47, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$20.98. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The company has a 50 day simple moving average of C$15.70 and a two-hundred day simple moving average of C$12.67.

TransAlta Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TA. Scotiabank upgraded TransAlta to a “strong-buy” rating in a research note on Thursday, December 5th. TD Securities lifted their price target 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. Royal Bank of Canada increased their price target on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. Desjardins boosted their price objective on TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets increased their target price on TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. One investment 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 company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average 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.