Christopher Douglas Fralick Sells 36,453 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Christopher Douglas Fralick sold 36,453 shares of the stock in a transaction on Thursday, March 26th. The shares were sold at an average price of C$17.90, for a total value of C$652,508.70. Following the sale, the insider owned 46,939 shares in the company, valued at C$840,208.10. The trade was a 43.71% decrease in their position.

TransAlta Stock Up 0.3%

Shares of TA opened at C$17.98 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 320.51. The business has a fifty day moving average of C$17.77 and a 200 day moving average of C$19.16. The company has a market cap of C$5.34 billion, a PE ratio of -28.09, a P/E/G ratio of -0.07 and a beta of 0.49. TransAlta Co. has a 52-week low of C$11.16 and a 52-week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings data on Friday, February 27th. The company reported C($0.06) earnings per share for the quarter. TransAlta had a negative net margin of 5.74% and a negative return on equity of 8.84%. The firm had revenue of C$712.00 million for the quarter.

Analyst Ratings Changes

TA has been the topic of several analyst reports. National Bank Financial upgraded shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a report on Tuesday, March 24th. TD Securities raised their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Desjardins dropped their target price on 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. Canadian Imperial Bank of Commerce upped their target price on TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. Finally, Jefferies Financial Group reduced their price target on TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, TransAlta currently has an average rating of “Moderate Buy” and an average target price 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.