TransAlta (TSE:TA) Insider Christopher Douglas Fralick Sells 36,453 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Christopher Douglas Fralick sold 36,453 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$17.90, for a total transaction of C$652,508.70. Following the completion of the transaction, the insider owned 46,939 shares in the company, valued at approximately C$840,208.10. This represents a 43.71% decrease in their ownership of the stock.

TransAlta Stock Performance

TSE:TA opened at C$17.98 on Friday. TransAlta Co. has a fifty-two week low of C$11.16 and a fifty-two week high of C$25.03. The company has a debt-to-equity ratio of 320.51, a quick ratio of 0.62 and a current ratio of 0.73. The company has a 50 day moving average price of C$17.77 and a 200 day moving average price of C$19.15. The stock has a market capitalization of C$5.34 billion, a P/E ratio of -28.09, a PEG ratio of -0.07 and a beta of 0.49.

TransAlta (TSE:TA) (NYSE:TAC) last announced its earnings results on Friday, February 27th. The company reported C($0.06) earnings per share (EPS) for the quarter. TransAlta had a negative net margin of 5.74% and a negative return on equity of 8.84%. The firm had revenue of C$712.00 million during the quarter.

Analysts Set New Price Targets

TA has been the topic of several research reports. ATB Cormark Capital Markets increased their target price on TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce lifted their target price on TransAlta from C$25.00 to C$26.00 in a research report on Wednesday, December 17th. National Bank Financial upgraded shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a research note on Tuesday. Desjardins reduced their price target on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Tuesday, February 10th. Finally, TD Securities raised their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$24.25.

About TransAlta

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.