Insider Selling: TransAlta (TSE:TA) Insider Sells 10,000 Shares of Stock

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

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 value of C$88,000.00.
• On Thursday, May 7th, 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 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 value 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 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 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 stock was sold at an average price of C$17.46, for a total value of C$87,300.00.

TransAlta Stock Up 1.9%

Shares of TransAlta stock traded up C$0.35 during trading on Friday, reaching C$18.90. The stock had a trading volume of 579,969 shares, compared to its average volume of 1,326,362. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20. The company has a market capitalization of C$5.63 billion, a price-to-earnings ratio of -25.20, a P/E/G ratio of -0.07 and a beta of 0.54. TransAlta Co. has a 52 week low of C$12.16 and a 52 week high of C$25.03. The stock has a fifty day moving average price of C$17.71 and a two-hundred day moving average price of C$18.32.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TA shares. Desjardins cut their price target on TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a research note on Tuesday, February 10th. 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 report on Tuesday, March 24th. ATB Cormark Capital Markets lifted 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. Finally, TD decreased their price target on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. 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 company has an average rating of “Moderate Buy” and an average price target 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.