Insider Selling: TransAlta (TSE:TA) Insider Sells C$127,050.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 7,000 shares of the business’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of C$18.15, for a total value of C$127,050.00. Following the transaction, the insider owned 84,453 shares in the company, valued at C$1,532,821.95. This represents a 7.65% decrease in their ownership of the stock.

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

• On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.66, for a total value of C$88,300.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The stock was sold at an average price of C$17.45, for a total value of C$174,500.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 7,500 shares of TransAlta stock. The shares were sold at an average price of C$17.70, for a total value of C$132,750.00.
• On Thursday, March 12th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were sold at an average price of C$17.46, for a total value of C$87,300.00.

TransAlta Stock Up 1.4%

Shares of TA stock opened at C$18.76 on Friday. The stock has a market cap of C$5.57 billion, a P/E ratio of -29.31, a price-to-earnings-growth ratio of -0.07 and a beta of 0.49. TransAlta Co. has a one year low of C$11.16 and a one year high of C$25.03. The stock has a fifty day moving average price of C$17.84 and a 200 day moving average price of C$19.17. The company has a debt-to-equity ratio of 320.51, a current ratio of 0.73 and a quick ratio of 0.62.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on TA. TD Securities raised their price target on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Canadian Imperial Bank of Commerce upped their price objective on TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. Desjardins dropped their target price on TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Tuesday, February 10th. ATB Cormark Capital Markets raised their target price on TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 24th. Finally, National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a research note on Tuesday, March 24th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$24.25.

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.