Insider Selling: TransAlta Co. (TSE:TA) Senior Officer Sells 10,000 Shares of Stock

TransAlta Co. (TSE:TAGet Free Report) (NYSE:TAC) Senior Officer Blain Mitchell Van Melle sold 10,000 shares of the firm’s stock in a transaction on 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 transaction of C$194,958.00.
  • On Wednesday, March 20th, Blain Mitchell Van Melle sold 8 shares of TransAlta stock. The stock was sold at an average price of C$8.70, for a total transaction of C$69.60.

TransAlta Stock Down 0.3 %

Shares of TSE:TA traded down C$0.03 on Tuesday, hitting C$9.68. 157,776 shares of the company’s stock were exchanged, compared to its average volume of 944,119. The firm’s 50-day moving average is C$9.43 and its 200 day moving average is C$9.68. The company has a market capitalization of C$2.94 billion, a PE ratio of 4.98, a P/E/G ratio of -0.07 and a beta of 0.87. TransAlta Co. has a 1-year low of C$8.22 and a 1-year 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.

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

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 1st will be given a $0.06 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

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

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About TransAlta

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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.

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