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 the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of C$17.60, for a total transaction of C$88,000.00. Following the completion of the sale, the insider directly owned 59,906 shares in the company, valued at C$1,054,345.60. This represents a 7.70% decrease in their ownership of the stock.

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

• On Thursday, May 7th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The shares were sold at an average price of C$17.45, for a total value of C$174,500.00.
• 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 31st, Jane Nyla Fedoretz sold 7,000 shares of TransAlta stock. The stock was sold at an average price of C$18.15, for a total value of C$127,050.00.
• 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 transaction of C$132,750.00.
• On Thursday, March 12th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.46, for a total transaction of C$87,300.00.

TransAlta Stock Performance

Shares of TSE TA traded down C$0.53 during midday trading on Tuesday, hitting C$16.95. The company’s stock had a trading volume of 618,586 shares, compared to its average volume of 1,336,903. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76. The firm’s fifty day moving average price is C$17.75 and its 200-day moving average price is C$18.69. TransAlta Co. has a 1-year low of C$12.12 and a 1-year high of C$25.03. The firm has a market cap of C$5.05 billion, a P/E ratio of -22.60, a P/E/G ratio of -0.07 and a beta of 0.54.

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

Wall Street Analyst Weigh In

TA has been the topic of a number of analyst reports. Desjardins dropped their price objective on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. ATB Cormark Capital Markets boosted their target price on shares of TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday, March 24th. TD dropped their price target on shares of 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. Jefferies Financial Group cut their price target on TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Finally, National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price objective for the company in a report on Tuesday, March 24th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$24.44.

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.