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 TransAlta stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total value of C$182,500.00. Following the completion of the transaction, the insider owned 49,906 shares in the company, valued at C$910,784.50. This trade represents a 16.69% decrease in their ownership of the stock.

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 shares were sold at an average price of C$17.60, for a total transaction of C$88,000.00.
• On Thursday, May 7th, 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 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 transaction 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 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 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 value 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 Up 1.9%

Shares of TSE:TA traded up C$0.35 during midday trading on Friday, reaching C$18.90. The company’s stock had a trading volume of 579,969 shares, compared to its average volume of 1,326,362. The firm has a market cap of C$5.63 billion, a price-to-earnings ratio of -25.20, a price-to-earnings-growth ratio of -0.07 and a beta of 0.54. The business has a 50 day moving average price of C$17.71 and a 200 day moving average price of C$18.32. TransAlta Co. has a 1 year low of C$12.16 and a 1 year high of C$25.03. 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 (TSE:TA) (NYSE:TAC) last issued its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. The business had revenue of C$560.00 million during the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD reduced their price objective on TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Desjardins reduced 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 report on Tuesday, February 10th. ATB Cormark Capital Markets raised their price objective 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, National Bank Financial raised shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 target price on the stock in a research report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TransAlta has a consensus rating of “Moderate Buy” and an average 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.