John Harry Kousinioris Sells 69,982 Shares of TransAlta Co. (TSE:TA) Stock

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

TransAlta Stock Performance

Shares of TA opened at C$15.55 on Thursday. TransAlta Co. has a 52 week low of C$8.22 and a 52 week high of C$15.61. 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 market capitalization of C$4.64 billion, a PE ratio of 8.18, a PEG ratio of -0.07 and a beta of 0.93. The company’s 50 day moving average price is C$14.21 and its 200 day moving average price is C$11.73.

TransAlta Announces Dividend

The business also recently declared 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 of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analysts Set New Price Targets

Several research firms have issued reports on TA. BMO Capital Markets boosted their price objective on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Royal Bank of Canada boosted their price target on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. TD Securities upped their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, National Bankshares boosted their target price on shares of 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TransAlta presently has a consensus rating of “Moderate Buy” and a consensus price target 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.