TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 5,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of the stock in a transaction on Monday, March 30th. The stock was sold at an average price of C$17.66, for a total value of C$88,300.00. Following the transaction, the insider owned 91,453 shares of the company’s stock, valued at C$1,615,059.98. This represents a 5.18% decrease in their ownership of the stock.

Jane Nyla Fedoretz also recently made the following trade(s):

• On Tuesday, March 31st, Jane Nyla Fedoretz sold 7,000 shares of TransAlta stock. The shares were sold at an average price of C$18.15, for a total value of C$127,050.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The shares were sold at an average price of C$17.45, for a total value of C$174,500.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 7,500 shares of TransAlta stock. The stock was sold at an average price of C$17.70, for a total transaction of C$132,750.00.
• On Thursday, March 12th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.46, for a total transaction of C$87,300.00.

TransAlta Price Performance

TA traded up C$0.63 during midday trading on Tuesday, hitting C$18.37. The company had a trading volume of 463,143 shares, compared to its average volume of 1,280,969. TransAlta Co. has a twelve month low of C$11.16 and a twelve month high of C$25.03. The company has a market capitalization of C$5.45 billion, a PE ratio of -28.70, a P/E/G ratio of -0.07 and a beta of 0.49. 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 firm’s 50-day simple moving average is C$17.78 and its 200-day simple moving average is C$19.18.

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. The company had revenue of C$712.00 million for the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.

Analysts Set New Price Targets

TA has been the topic of several recent analyst reports. National Bank Financial raised shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price objective on the stock in a research note on Tuesday, March 24th. ATB Cormark Capital Markets increased their target price on shares of TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, March 24th. 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. Canadian Imperial Bank of Commerce boosted their price target on shares of TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Finally, Jefferies Financial Group dropped their price objective on TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.25.

TransAlta Company Profile

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.