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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of C$17.24 per share, for a total transaction of C$172,400.00. Following the acquisition, the insider directly owned 55,000 shares of the company’s stock, valued at approximately C$948,200. This trade represents a 22.22% increase in their position.

TransAlta Price Performance

Shares of TSE TA opened at C$17.78 on Friday. The firm’s 50-day moving average price is C$17.68 and its 200-day moving average price is C$18.55. 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 capitalization of C$5.29 billion, a P/E ratio of -23.71, a P/E/G ratio of -0.07 and a beta of 0.54. 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 posted its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share 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 for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. National Bank Financial upgraded shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 target price on the stock in a report on Tuesday, March 24th. TD lowered 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. Desjardins decreased their price objective on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a research note on Tuesday, February 10th. ATB Cormark Capital Markets increased their price objective 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. Finally, Jefferies Financial Group decreased their price objective on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus 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.