TransAlta (TSE:TA) Insider Sells C$174,500.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$17.45, for a total transaction of C$174,500.00. Following the completion of the sale, the insider directly owned 74,906 shares in the company, valued at C$1,307,109.70. This trade represents a 11.78% decrease in their ownership of the stock.

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

• On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.66, for a total transaction of C$88,300.00.
• On Tuesday, March 31st, Jane Nyla Fedoretz sold 7,000 shares of TransAlta stock. The stock was sold at an average price of C$18.15, for a total transaction of C$127,050.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The stock was sold at an average price of C$17.45, for a total transaction 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 Trading Down 0.1%

Shares of TSE:TA traded down C$0.02 during trading on Monday, reaching C$17.47. 775,924 shares of the company were exchanged, compared to its average volume of 1,333,567. The firm has a market capitalization of C$5.20 billion, a PE ratio of -23.29, a P/E/G ratio of -0.07 and a beta of 0.54. The business’s fifty day simple moving average is C$17.76 and its 200-day simple moving average is C$18.77. TransAlta Co. has a 12-month low of C$12.12 and a 12-month high of C$25.03. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.62.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on TA shares. Jefferies Financial Group reduced their target price on shares of TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. National Bank Financial raised shares of 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. Desjardins reduced their target price 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. TD dropped their price objective on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, ATB Cormark Capital Markets increased their price objective 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$24.44.

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.