TransAlta Co. (TA) Director Acquires C$55,937.50 in Stock
TransAlta Co. (TSE:TA) (NYSE:TAC) Director David Lawrence Mowat purchased 1,250 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were purchased at an average cost of C$44.75 per share, for a total transaction of C$55,937.50.
David Lawrence Mowat also recently made the following trade(s):
- On Monday, August 14th, David Lawrence Mowat purchased 475 shares of TransAlta stock. The shares were purchased at an average cost of C$45.17 per share, for a total transaction of C$21,455.75.
- On Tuesday, June 6th, David Lawrence Mowat purchased 225 shares of TransAlta stock. The shares were purchased at an average cost of C$45.92 per share, for a total transaction of C$10,332.00.
Shares of TransAlta Co. (TSE:TA) opened at 7.68 on Thursday. The company’s 50-day moving average price is $8.00 and its 200-day moving average price is $7.61. TransAlta Co. has a one year low of $5.11 and a one year high of $8.38. The stock has a market cap of $2.21 billion and a PE ratio of 71.11.
The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 1st will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, August 30th.
TA has been the topic of a number of recent research reports. Scotiabank set a C$8.00 price target on TransAlta and gave the company a “sector perform” rating in a research report on Friday, August 11th. National Bank Financial upped their price target on TransAlta from C$8.50 to C$9.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 price target on shares of TransAlta in a research report on Tuesday, May 23rd. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of C$8.00.
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.
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