TransAlta Co. (TA) Insider John Harry Kousinioris Buys 18,800 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider John Harry Kousinioris bought 18,800 shares of the firm’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of C$7.49 per share, with a total value 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 bought at an average cost of C$7.79 per share, with a total value of C$80,237.00.

TransAlta Co. (TSE:TA) traded down C$0.01 on Wednesday, hitting C$7.46. The stock had a trading volume of 605,045 shares, compared to its average volume of 542,671. TransAlta Co. has a 12 month low of C$6.88 and a 12 month high of C$8.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 1st will be given a $0.04 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.16 annualized dividend and a dividend yield of 2.14%. TransAlta’s dividend payout ratio is 266.67%.

A number of equities research analysts have issued reports on TA shares. Royal Bank of Canada upped their target price 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. National Bank Financial upped their target price on TransAlta from C$9.00 to C$9.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 7th. Scotiabank increased their price objective 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 objective on TransAlta from C$8.25 to C$8.50 in a research report on Thursday, December 7th. Finally, CSFB increased their price objective 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. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average 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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