TransAlta (TSE:TA) Insider Michael Politeski Purchases 5,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of C$16.02 per share, for a total transaction of C$80,100.00. Following the completion of the purchase, the insider directly owned 90,000 shares in the company, valued at C$1,441,800. This represents a 5.88% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Tuesday, August 4th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was bought at an average price of C$17.77 per share, with a total value of C$177,700.00.
• On Friday, June 19th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were bought at an average cost of C$19.58 per share, with a total value of C$195,800.00.

TransAlta Trading Up 4.4%

Shares of TA stock opened at C$16.73 on Thursday. TransAlta Co. has a 12 month low of C$15.62 and a 12 month high of C$25.03. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 238.01. The business’s 50 day moving average is C$17.74 and its two-hundred day moving average is C$18.08. The company has a market cap of C$5.29 billion, a PE ratio of -53.97, a price-to-earnings-growth ratio of -0.07 and a beta of 0.69.

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

Wall Street Analyst Weigh In

Several research analysts have commented on TA shares. Scotia set a C$27.00 price target on TransAlta and gave the stock a “sector outperform” rating in a research report on Wednesday, June 10th. Desjardins raised their price objective on shares of TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research note on Friday, July 3rd. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. National Bank Financial upped their target price on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Finally, ATB Cormark Capital Markets set a C$28.00 price target on shares of TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus 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.