Jane Nyla Fedoretz Sells 10,000 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total transaction of C$182,500.00. Following the sale, the insider directly owned 49,906 shares in the company, valued at C$910,784.50. The trade was a 16.69% decrease in their position.

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

• On Friday, May 8th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were sold at an average price of C$17.60, for a total transaction of C$88,000.00.
• On Thursday, May 7th, 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 transaction of C$174,500.00.
• On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of C$17.46, for a total transaction of C$87,300.00.

TransAlta Trading Up 1.0%

Shares of TA stock opened at C$18.74 on Friday. The company’s fifty day simple moving average is C$17.73 and its two-hundred day simple moving average is C$18.33. 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 Co. has a 1 year low of C$12.16 and a 1 year high of C$25.03. The stock has a market capitalization of C$5.58 billion, a price-to-earnings ratio of -24.99, a PEG ratio of -0.07 and a beta of 0.54.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The firm 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%.

Analyst Ratings Changes

TA has been the topic of several research analyst reports. TD decreased their price target on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Desjardins decreased 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 report on Tuesday, February 10th. ATB Cormark Capital Markets upped their price target 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. Finally, National Bank Financial raised shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a report on Tuesday, March 24th. Seven 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 company currently has an average rating of “Moderate Buy” and an average price target 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.