TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 20,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of C$13.92, for a total transaction of C$278,400.00.

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

• On Thursday, August 15th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The shares were sold at an average price of C$11.45, for a total transaction of C$114,500.00.
• On Wednesday, August 7th, Jane Nyla Fedoretz sold 41,378 shares of TransAlta stock. The stock was sold at an average price of C$11.30, for a total value of C$467,571.40.

TransAlta Trading Up 1.7 %

Shares of TSE TA opened at C$13.97 on Thursday. The firm has a 50 day moving average price of C$11.59 and a two-hundred day moving average price of C$10.11. The stock has a market cap of C$4.16 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of -0.07 and a beta of 0.90. TransAlta Co. has a 52-week low of C$8.22 and a 52-week high of C$13.99. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84.

TransAlta (TSE:TA) (NYSE:TAC) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.11. TransAlta had a return on equity of 32.01% and a net margin of 19.50%. The company had revenue of C$582.00 million during the quarter. As a group, equities analysts forecast that TransAlta Co. will post 0.4504537 EPS for the current year.

TransAlta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.72%. TransAlta’s payout ratio is currently 12.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TA shares. BMO Capital Markets upped their price target on shares of TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. CIBC cut their price target on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Finally, National Bankshares increased their target price on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, TransAlta currently has a consensus rating of “Buy” and a consensus target price of C$15.43.

TransAlta Company Profile

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.