TransAlta Co. (TSE:TA) Senior Officer Buys C$674,752.50 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Joel E. Hunter acquired 45,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$14.99 per share, with a total value of C$674,752.50.

TransAlta Stock Up 0.2 %

Shares of TSE:TA traded up C$0.03 during trading hours on Friday, hitting C$14.66. The company’s stock had a trading volume of 95,604 shares, compared to its average volume of 2,252,108. TransAlta Co. has a 52 week low of C$8.22 and a 52 week high of C$21.22. The company has a debt-to-equity ratio of 229.66, a current ratio of 0.74 and a quick ratio of 0.62. The company has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of -0.07 and a beta of 0.93. The firm’s fifty day moving average price is C$17.77 and its 200 day moving average price is C$15.34.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TA. Royal Bank of Canada boosted their price objective on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Cibc World Mkts upgraded TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. Desjardins boosted their price objective on TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. CIBC upgraded TransAlta from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from C$23.00 to C$19.50 in a report on Tuesday, February 18th. Finally, TD Securities raised their price target on TransAlta from C$18.00 to C$19.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TransAlta has an average rating of “Moderate Buy” and an average price target of C$18.36.

TransAlta Company Profile

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.