TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 5,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of C$17.46, for a total value of C$87,300.00. Following the completion of the transaction, the insider owned 113,953 shares of the company’s stock, valued at C$1,989,619.38. The trade was a 4.20% decrease in their position.

TransAlta Stock Up 0.2%

TransAlta stock traded up C$0.03 during trading on Thursday, reaching C$17.49. The stock had a trading volume of 642,193 shares, compared to its average volume of 1,184,709. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 320.51. TransAlta Co. has a 52-week low of C$11.16 and a 52-week high of C$25.03. The stock has a market cap of C$5.19 billion, a PE ratio of -27.33, a P/E/G ratio of -0.07 and a beta of 0.49. The business has a 50 day moving average price of C$17.76 and a 200 day moving average price of C$19.13.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings data on Friday, February 27th. The company reported C($0.06) earnings per share (EPS) for the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.The firm had revenue of C$712.00 million for the quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TA shares. National Bank Financial increased their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 10th. TD Securities upped their target price on shares of TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Desjardins dropped their target price 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. ATB Cormark Capital Markets lifted their price target on shares of TransAlta from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.13.

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.