TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 7,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 7,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$18.15, for a total transaction of C$127,050.00. Following the transaction, the insider directly owned 84,453 shares in the company, valued at approximately C$1,532,821.95. The trade was a 7.65% decrease in their ownership of the stock.

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

• 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 24th, Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock. The shares were 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 stock was sold at an average price of C$17.70, for a total transaction 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 value of C$87,300.00.

TransAlta Stock Up 3.1%

Shares of TSE:TA opened at C$18.29 on Wednesday. The firm has a market capitalization of C$5.43 billion, a P/E ratio of -28.58, 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 quick ratio of 0.62 and a current ratio of 0.73. The stock has a 50 day moving average price of C$17.79 and a 200-day moving average price of C$19.18. 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 issued its quarterly earnings results on Friday, February 27th. The company reported C($0.06) earnings per share for the quarter. The firm had revenue of C$712.00 million during the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TA shares. ATB Cormark Capital Markets boosted their price objective on shares of TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 24th. TD Securities lifted their target price on shares of TransAlta from C$26.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price target on the stock in a research report on Tuesday, March 24th. Canadian Imperial Bank of Commerce upped their price target 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 objective on TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$24.25.

About TransAlta

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.