TransAlta (TSE:TA) Insider Michael Politeski Buys 5,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of C$16.02 per share, for a total transaction of C$80,100.00. Following the completion of the acquisition, the insider owned 90,000 shares of the company’s stock, valued at approximately C$1,441,800. The trade was a 5.88% increase in their ownership of the stock.

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

• On Tuesday, August 4th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was bought at an average cost of C$17.77 per share, for a total transaction of C$177,700.00.
• On Friday, June 19th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were bought at an average price of C$19.58 per share, with a total value of C$195,800.00.

TransAlta Stock Performance

Shares of TA stock traded up C$0.71 during midday trading on Wednesday, hitting C$16.73. 723,865 shares of the company were exchanged, compared to its average volume of 1,664,782. The firm has a market capitalization of C$5.29 billion, a P/E ratio of -53.97, a PEG ratio of -0.07 and a beta of 0.69. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.61 and a current ratio of 0.84. The firm’s 50 day moving average price is C$17.82 and its two-hundred day moving average price is C$18.09. TransAlta Co. has a 52 week low of C$15.62 and a 52 week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last released its quarterly earnings results on Friday, July 31st. The company reported C$0.18 earnings per share for the quarter. The firm had revenue of C$507.00 million for the quarter. TransAlta had a negative net margin of 1.02% and a negative return on equity of 1.50%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TA shares. Royal Bank Of Canada set a C$24.00 target price on TransAlta and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. TD set a C$26.00 price objective on TransAlta and gave the company a “buy” rating in a report on Wednesday, June 10th. National Bank Financial increased their price objective on TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Scotia set a C$27.00 price objective on TransAlta and gave the stock a “sector outperform” rating in a research report on Wednesday, June 10th. Finally, Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$25.00.

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.