TransAlta Co. (TSE:TA) (NYSE:TAC) insider Douglas French bought 1,000 shares of the stock in a transaction dated Monday, August 20th. The shares were purchased at an average cost of C$48.51 per share, for a total transaction of C$48,510.00.

Douglas French also recently made the following trade(s):

  • On Friday, June 8th, Douglas French bought 2,187 shares of TransAlta stock. The shares were purchased at an average cost of C$45.75 per share, for a total transaction of C$100,055.25.

Shares of TSE:TA traded down C$0.01 during trading on Friday, reaching C$7.60. 231,200 shares of the stock were exchanged, compared to its average volume of 572,204. TransAlta Co. has a 1-year low of C$6.31 and a 1-year high of C$8.18.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Tuesday, September 4th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, August 31st.

A number of equities analysts have recently weighed in on the company. Canaccord Genuity set a C$7.00 target price on TransAlta and gave the stock a “hold” rating in a research report on Friday, May 4th. CIBC upped their target price on TransAlta from C$8.00 to C$8.50 in a research report on Tuesday, August 7th. National Bank Financial 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 Tuesday, August 7th. Finally, BMO Capital Markets lowered their target price on TransAlta from C$8.00 to C$7.50 in a research report on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of C$8.31.

TransAlta Company Profile

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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

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