TransAlta Co. (TSE:TA) Senior Officer Blain Mitchell Van Melle Sells 20,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Blain Mitchell Van Melle sold 20,000 shares of TransAlta stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of C$9.75, for a total value of C$194,958.00.

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

• 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 Performance

TSE TA opened at C$9.50 on Friday. The firm has a market cap of C$2.89 billion, a price-to-earnings ratio of 4.90, a PEG ratio of -0.07 and a beta of 0.87. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 217.60. TransAlta Co. has a 1-year low of C$8.22 and a 1-year high of C$13.97. The company has a 50 day moving average of C$9.38 and a 200-day moving average of C$9.72.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings results on Friday, May 3rd. The company reported C$0.72 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.54. The firm 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%. On average, equities analysts forecast that TransAlta Co. will post 0.8411458 earnings per share for the current fiscal year.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, May 31st. This represents a $0.24 annualized dividend and a yield of 2.53%. TransAlta’s dividend payout ratio (DPR) is 12.31%.

Analyst Upgrades and Downgrades

TA has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of 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 increased their price target on shares of TransAlta from C$16.00 to C$16.50 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets decreased 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. Finally, TD Securities dropped their target price on TransAlta from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Monday, February 26th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$15.28.

TransAlta Company Profile

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.