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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were acquired at an average price of C$17.77 per share, with a total value of C$177,700.00. Following the purchase, the insider owned 85,000 shares of the company’s stock, valued at approximately C$1,510,450. This trade represents a 13.33% increase in their ownership of the stock.

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

• On Friday, June 19th, Michael Politeski acquired 10,000 shares of TransAlta stock. The shares were bought at an average cost of C$19.58 per share, for a total transaction of C$195,800.00.
• On Friday, June 5th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was bought at an average price of C$18.15 per share, for a total transaction of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was bought at an average cost of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Trading Down 1.4%

Shares of TA opened at C$17.74 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 238.01. The stock has a market cap of C$5.61 billion, a PE ratio of -57.23, a PEG ratio of -0.07 and a beta of 0.73. TransAlta Co. has a 1 year low of C$15.62 and a 1 year high of C$25.03. The stock has a 50 day simple moving average of C$19.04 and a 200-day simple moving average of C$18.27.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Friday, July 31st. The company reported C$0.18 EPS for the quarter. TransAlta had a negative return on equity of 1.50% and a negative net margin of 1.02%.The business had revenue of C$507.00 million for the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Scotia set a C$27.00 target price on shares of TransAlta and gave the company a “sector outperform” rating in a research note on Wednesday, June 10th. Desjardins increased their target price on shares of TransAlta from C$18.50 to C$19.00 and gave the stock a “hold” rating in a research report on Friday, July 3rd. ATB Cormark Capital Markets set a C$28.00 price target on shares of TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. Finally, National Bank Financial upped their price objective on shares of TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, TransAlta currently has an average rating of “Buy” and a consensus price target of C$25.00.

About TransAlta

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.