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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were purchased at an average cost of C$17.77 per share, with a total value of C$177,700.00. Following the completion of the acquisition, the insider owned 85,000 shares in the company, valued at C$1,510,450. This trade represents a 13.33% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Friday, June 19th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was purchased at an average price of C$19.58 per share, for a total transaction of C$195,800.00.
• On Friday, June 5th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was purchased at an average price of C$18.15 per share, for a total transaction of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Stock Performance

TA stock traded up C$0.38 during mid-day trading on Tuesday, reaching C$17.94. 860,073 shares of the stock traded hands, compared to its average volume of 1,560,479. The firm has a market capitalization of C$5.67 billion, a PE ratio of -57.87, a P/E/G ratio of -0.07 and a beta of 0.73. The business has a 50-day moving average of C$19.10 and a two-hundred day moving average of C$18.26. TransAlta Co. has a 52 week low of C$15.62 and a 52 week high of C$25.03. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 238.01.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings data on Friday, July 31st. The company reported C$0.18 EPS for the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%.The business had revenue of C$507.00 million for the quarter.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotia set a C$27.00 price target on TransAlta and gave the stock a “sector outperform” rating in a research report on Wednesday, June 10th. Desjardins raised their price objective on shares of TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, July 3rd. TD set a C$26.00 target price on shares of TransAlta and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 target price on shares of TransAlta and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Finally, ATB Cormark Capital Markets set a C$28.00 price target on shares of TransAlta and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$25.00.

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.