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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of C$18.15 per share, for a total transaction of C$181,500.00. Following the completion of the transaction, the insider directly owned 65,000 shares of the company’s stock, valued at C$1,179,750. This trade represents a 18.18% increase in their ownership of the stock.

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

• On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were bought at an average cost of C$17.24 per share, for a total transaction of C$172,400.00.

TransAlta Stock Down 0.4%

Shares of TransAlta stock opened at C$17.40 on Wednesday. The stock’s fifty day moving average is C$18.12 and its 200-day moving average is C$18.07. The firm has a market capitalization of C$5.18 billion, a PE ratio of -23.20, a price-to-earnings-growth ratio of -0.07 and a beta of 0.69. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 317.20. TransAlta Co. has a 12-month low of C$13.98 and a 12-month high of C$25.03.

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

Analyst Upgrades and Downgrades

TA has been the topic of several recent analyst reports. TD dropped their price target on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research report on Thursday, May 7th. ATB Cormark Capital Markets upped their price target on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, March 24th. National Bank Financial upped their price target on TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Finally, Desjardins dropped their price target on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Tuesday, February 10th. Seven research 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 presently has an average rating of “Moderate Buy” and an average price target of C$24.67.

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.