TransAlta Co. (TSE:TA) Senior Officer Sells C$96,700.00 in Stock

TransAlta Co. (TSE:TAGet Free Report) (NYSE:TAC) Senior Officer Blain Mitchell Van Melle sold 10,000 shares of TransAlta stock in a transaction dated Monday, June 17th. The stock was sold at an average price of C$9.67, for a total value of C$96,700.00.

Blain Mitchell Van Melle also recently made the following trade(s):

  • On Thursday, June 13th, Blain Mitchell Van Melle sold 20,000 shares of TransAlta stock. The shares were sold at an average price of C$9.75, for a total value of C$194,958.00.
  • On Wednesday, March 20th, Blain Mitchell Van Melle sold 8 shares of TransAlta stock. The shares were sold at an average price of C$8.70, for a total value of C$69.60.

TransAlta Stock Down 0.3 %

TA opened at C$9.69 on Friday. The business has a 50 day moving average price of C$9.50 and a 200 day moving average price of C$9.67. TransAlta Co. has a twelve month low of C$8.22 and a twelve month high of C$13.97. The company has a debt-to-equity ratio of 217.60, a quick ratio of 0.62 and a current ratio of 0.69. The firm has a market cap of C$2.95 billion, a P/E ratio of 4.97, a price-to-earnings-growth ratio of -0.07 and a beta of 0.87.

TransAlta (TSE:TAGet Free Report) (NYSE:TAC) last posted its earnings results on Friday, May 3rd. The company reported C$0.72 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.54. TransAlta had a return on equity of 33.61% and a net margin of 19.39%. The firm had revenue of C$947.00 million during the quarter. Research analysts forecast that TransAlta Co. will post 0.8411458 EPS for the current year.

TransAlta Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.48%. TransAlta’s dividend payout ratio (DPR) is presently 12.31%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada lowered their price target on TransAlta from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. CIBC boosted their price target on TransAlta from C$16.00 to C$16.50 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets lowered their price target on TransAlta from C$17.00 to C$16.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, TD Securities lowered their price target on TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Monday, February 26th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$15.28.

View Our Latest Report on TransAlta

TransAlta Company Profile

(Get Free Report)

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.

Featured Articles

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

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