Insider Selling: TransAlta Co. (TSE:TA) Senior Officer Sells C$194,100.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$19.41, for a total transaction of C$194,100.00.

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

• On Wednesday, December 11th, Jane Nyla Fedoretz sold 3,602 shares of TransAlta stock. The stock was sold at an average price of C$18.84, for a total transaction of C$67,861.68.
• On Monday, December 2nd, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The stock was sold at an average price of C$16.30, for a total transaction of C$130,400.00.
• On Thursday, November 28th, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The shares were sold at an average price of C$15.49, for a total value of C$123,920.00.
• On Thursday, November 21st, Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00.
• On Wednesday, September 25th, Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Price Performance

TransAlta stock opened at C$20.02 on Friday. The stock has a market cap of C$5.97 billion, a P/E ratio of 10.54, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The company’s 50 day moving average price is C$15.59 and its two-hundred day moving average price is C$12.60. TransAlta Co. has a 52 week low of C$8.22 and a 52 week high of C$20.98.

TransAlta Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a $0.06 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.20%. TransAlta’s dividend payout ratio is currently 12.63%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. TD Securities upped their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. National Bankshares raised their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Desjardins boosted their price objective on TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets raised their target price on TransAlta from C$17.00 to C$22.00 in a report on Monday. Finally, Royal Bank of Canada upped their price target on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TransAlta presently has an average rating of “Buy” and an average price target of C$17.08.

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.