Jane Nyla Fedoretz Sells 10,000 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of C$17.45, for a total value of C$174,500.00. Following the transaction, the insider owned 74,906 shares in the company, valued at approximately C$1,307,109.70. This trade represents a 11.78% decrease in their position.

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

• On Friday, May 8th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.60, for a total value of C$88,000.00.
• On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were 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 shares were sold at an average price of C$18.15, for a total transaction 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 transaction 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 shares were sold at an average price of C$17.46, for a total transaction of C$87,300.00.

TransAlta Trading Down 1.3%

TA opened at C$17.26 on Wednesday. The firm’s fifty day moving average is C$17.72 and its two-hundred day moving average is C$18.65. The firm has a market cap of C$5.14 billion, a PE ratio of -23.01, a price-to-earnings-growth ratio of -0.07 and a beta of 0.54. TransAlta Co. has a twelve month low of C$12.12 and a twelve month high of C$25.03. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76.

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

Analysts Set New Price Targets

Several brokerages have issued reports on TA. National Bank Financial upgraded TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target for the company in a report on Tuesday, March 24th. Jefferies Financial Group cut their price objective on TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Desjardins decreased their price objective on TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a research report on Tuesday, February 10th. ATB Cormark Capital Markets increased their target price 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. Finally, TD dropped their target price on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.