Insider Selling: TransAlta Co. (TSE:TA) Senior Officer Sells 25,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00.

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

• On Wednesday, September 25th, Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Price Performance

TransAlta stock opened at C$15.02 on Monday. The business’s 50-day simple moving average is C$14.03 and its 200 day simple moving average is C$11.62. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The stock has a market cap of C$4.48 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta Co. has a 12-month low of C$8.22 and a 12-month high of C$15.37.

TransAlta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is 12.63%.

Wall Street Analysts Forecast Growth

TA has been the topic of several research analyst reports. Royal Bank of Canada raised their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price objective on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. TD Securities boosted their price target on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, National Bankshares raised their price objective on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$16.17.

TransAlta Company Profile

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.