TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 25,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business’s 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 shares were sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Stock Performance

TSE TA opened at C$15.02 on Friday. The stock’s fifty day moving average is C$14.03 and its two-hundred day moving average is C$11.60. The firm has a market capitalization of C$4.48 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.37.

TransAlta Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on TA shares. Desjardins lowered TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price target on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. BMO Capital Markets lifted their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. TD Securities lifted their price target on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, National Bankshares lifted their price target on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$16.17.

About TransAlta

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.