TransAlta (TSE:TA) Insider Michael Politeski Purchases 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of TransAlta stock in a transaction dated Tuesday, August 4th. The shares were purchased at an average price of C$17.77 per share, for a total transaction of C$177,700.00. Following the completion of the transaction, the insider directly owned 85,000 shares in the company, valued at approximately C$1,510,450. The trade was 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, with a total value of C$195,800.00.
• On Friday, June 5th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$18.15 per share, for a total transaction of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was acquired at an average price of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Trading Up 2.4%

Shares of TA opened at C$17.99 on Wednesday. TransAlta Co. has a fifty-two week low of C$15.62 and a fifty-two week high of C$25.03. The firm has a market cap of C$5.69 billion, a price-to-earnings ratio of -58.03, a PEG ratio of -0.07 and a beta of 0.73. The firm has a 50 day moving average price of C$19.07 and a 200-day moving average price of C$18.27. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.61 and a current ratio of 0.84.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. National Bank Financial lifted their target price on shares of TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price target on shares of TransAlta and gave the stock an “outperform” rating in a report on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 price objective on shares of TransAlta and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Finally, Scotia set a C$27.00 price objective on shares of TransAlta and gave the company a “sector outperform” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$25.00.

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.