TransAlta (TSE:TA) Insider Michael Politeski Buys 10,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of C$17.24 per share, for a total transaction of C$172,400.00. Following the completion of the transaction, the insider directly owned 55,000 shares of the company’s stock, valued at C$948,200. This trade represents a 22.22% increase in their ownership of the stock.

TransAlta Trading Up 2.5%

Shares of TA stock traded up C$0.44 during trading hours on Thursday, reaching C$17.90. 409,233 shares of the stock traded hands, compared to its average volume of 1,332,374. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 317.20. The firm has a market capitalization of C$5.33 billion, a PE ratio of -23.87, a PEG ratio of -0.07 and a beta of 0.54. TransAlta Co. has a 1-year low of C$12.12 and a 1-year high of C$25.03. The business has a fifty day moving average price of C$17.69 and a 200 day moving average price of C$18.60.

TransAlta (TSE:TA) (NYSE:TAC) last released its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$560.00 million for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TA shares. ATB Cormark Capital Markets lifted their target price on shares of TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, March 24th. TD cut their price objective on TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Desjardins reduced their price objective on TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Tuesday, February 10th. National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 target price on the stock in a research report on Tuesday, March 24th. Finally, Jefferies Financial Group cut their price target on TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TransAlta has a consensus rating of “Moderate Buy” and a consensus target price of C$24.44.

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.