Insider Selling: TransAlta (TSE:TA) Insider Sells 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$17.45, for a total value of C$174,500.00. Following the sale, the insider owned 103,953 shares in the company, valued at approximately C$1,813,979.85. The trade was a 8.78% decrease in their position.

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

• On Tuesday, March 24th, Jane Nyla Fedoretz sold 7,500 shares of TransAlta stock. The stock was 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 stock was sold at an average price of C$17.46, for a total value of C$87,300.00.

TransAlta Stock Up 2.5%

Shares of TransAlta stock traded up C$0.44 during trading on Wednesday, reaching C$18.02. 717,559 shares of the company traded hands, compared to its average volume of 1,255,472. The company has a 50 day moving average price of C$17.72 and a 200-day moving average price of C$19.16. TransAlta Co. has a 1-year low of C$11.16 and a 1-year high of C$25.03. The firm has a market capitalization of C$5.35 billion, a PE ratio of -28.16, a P/E/G ratio of -0.07 and a beta of 0.49. 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 released its quarterly earnings data on Friday, February 27th. The company reported C($0.06) earnings per share (EPS) for the quarter. The company had revenue of C$712.00 million for the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce raised their target price on TransAlta from C$25.00 to C$26.00 in a report on Wednesday, December 17th. Desjardins reduced their target price on shares of 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. Jefferies Financial Group decreased their price target on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. ATB Cormark Capital Markets upped their price objective on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, TD Securities increased their price objective on TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.