TransAlta (TSE:TA) Insider Sells C$88,000.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$17.60, for a total value of C$88,000.00. Following the completion of the sale, the insider directly owned 59,906 shares in the company, valued at C$1,054,345.60. This represents a 7.70% decrease in their position.

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

• 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 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 stock was 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 value 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 value of C$87,300.00.

TransAlta Stock Down 3.0%

TSE:TA traded down C$0.53 during trading hours on Tuesday, hitting C$16.95. 618,586 shares of the company’s stock traded hands, compared to its average volume of 1,336,903. The stock’s fifty day moving average price is C$17.75 and its two-hundred day moving average price is C$18.69. The firm has a market cap of C$5.05 billion, a P/E ratio of -22.60, a P/E/G ratio of -0.07 and a beta of 0.54. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76. TransAlta Co. has a twelve month low of C$12.12 and a twelve month high of C$25.03.

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

Analyst Ratings Changes

Several research firms have recently commented on TA. Jefferies Financial Group lowered their price target on shares of TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. TD dropped their target price on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. ATB Cormark Capital Markets lifted their price target on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Tuesday, March 24th. National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target for the company in a research note on Tuesday, March 24th. Finally, Desjardins cut their price objective on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TransAlta currently has an average rating of “Moderate Buy” and an average target price 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.