TransAlta (TSE:TA) Insider Michael Politeski Acquires 10,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average cost of C$18.15 per share, for a total transaction of C$181,500.00. Following the purchase, the insider directly owned 65,000 shares in the company, valued at C$1,179,750. This trade represents a 18.18% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$17.24 per share, for a total transaction of C$172,400.00.

TransAlta Stock Down 1.2%

Shares of TA opened at C$17.47 on Tuesday. The business’s 50 day moving average is C$18.13 and its 200 day moving average is C$18.09. The company has a market capitalization of C$5.20 billion, a PE ratio of -23.29, a price-to-earnings-growth ratio of -0.07 and a beta of 0.69. TransAlta Co. has a 12-month low of C$13.98 and a 12-month high of C$25.03. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20.

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

Analyst Upgrades and Downgrades

TA has been the topic of several recent analyst reports. Desjardins decreased their target price on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research note on Tuesday, February 10th. TD reduced their price objective on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. National Bank Financial lifted their price objective on TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Finally, ATB Cormark Capital Markets lifted their price objective on TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 24th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.67.

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.