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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider John Harry Kousinioris bought 18,800 shares of the stock in a transaction dated Tuesday, December 19th. The shares were purchased at an average cost 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 bought 10,300 shares of TransAlta stock. The shares were purchased at an average cost of C$7.79 per share, for a total transaction of C$80,237.00.

Shares of TransAlta Co. (TSE TA) traded down C$0.02 during trading hours on Friday, reaching C$7.40. The company’s stock had a trading volume of 395,350 shares, compared to its average volume of 541,695. TransAlta Co. has a 52-week low of C$6.88 and a 52-week high of C$8.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.16 dividend on an annualized basis and a yield of 2.16%. TransAlta’s dividend payout ratio (DPR) is presently 266.67%.

A number of equities research analysts recently commented on the company. Scotiabank increased their price target on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. CIBC increased their price target on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. CSFB increased their price target on TransAlta from C$7.00 to C$8.00 and gave the company an “underperform” rating in a research report on Thursday, December 7th. National Bank Financial increased their price target on TransAlta from C$9.00 to C$9.50 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. Finally, Royal Bank of Canada increased their price target on TransAlta from C$8.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Thursday, December 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$8.57.

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TransAlta Company Profile

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.

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