TransAlta Co. (TA) Insider Purchases C$80,237.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider John Harry Kousinioris bought 10,300 shares of TransAlta stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of C$7.79 per share, with a total value of C$80,237.00.

Shares of TransAlta Co. (TSE:TA) traded down C$0.16 during midday trading on Monday, hitting C$7.82. 516,017 shares of the stock were exchanged, compared to its average volume of 537,952. TransAlta Co. has a 1 year low of C$6.88 and a 1 year high of C$8.50.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders 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 dividend yield of 2.05%. TransAlta’s dividend payout ratio (DPR) is presently 266.67%.

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

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/11/transalta-co-ta-insider-purchases-c80237-00-in-stock.html.

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.

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

Receive News & Ratings for TransAlta Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply