TransAlta Co. (TA) Insider Acquires C$140,812.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider John Harry Kousinioris bought 18,800 shares of TransAlta stock in a transaction on Tuesday, December 19th. The stock was acquired at an average price of C$7.49 per share, for a total transaction of C$140,812.00.

John Harry Kousinioris also recently made the following trade(s):

  • On Monday, December 11th, John Harry Kousinioris acquired 10,300 shares of TransAlta stock. The stock was purchased at an average price of C$7.79 per share, for a total transaction of C$80,237.00.

Shares of TransAlta Co. (TSE:TA) traded down C$0.09 during mid-day trading on Thursday, hitting C$7.13. The stock had a trading volume of 406,300 shares, compared to its average volume of 404,998. The stock has a market cap of $2,080.00, a P/E ratio of 118.83 and a beta of 0.43. TransAlta Co. has a fifty-two week low of C$6.88 and a fifty-two week high of C$8.50.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 1st were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Thursday, November 30th. TransAlta’s dividend payout ratio (DPR) is 266.67%.

TA has been the subject of several analyst reports. Scotiabank boosted their target price on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. National Bank Financial boosted their target price on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 7th. CIBC boosted their target price on TransAlta from C$8.25 to C$8.50 in a research note on Thursday, December 7th. CSFB upped their price objective on TransAlta from C$7.00 to C$8.00 and gave the stock an “underperform” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada upped their price objective on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$8.57.

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About TransAlta

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

Insider Buying and Selling by Quarter for TransAlta (TSE:TA)

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