TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 5,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of C$17.66, for a total transaction of C$88,300.00. Following the transaction, the insider directly owned 91,453 shares in the company, valued at approximately C$1,615,059.98. This represents a 5.18% decrease in their ownership of the stock.

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

• 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 transaction 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 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 transaction of C$87,300.00.

TransAlta Trading Up 3.1%

Shares of TA stock opened at C$18.29 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 320.51. The stock has a market cap of C$5.43 billion, a P/E ratio of -28.58, a price-to-earnings-growth ratio of -0.07 and a beta of 0.49. The stock has a 50 day simple moving average of C$17.79 and a 200 day simple moving average of C$19.18. TransAlta Co. has a 1 year low of C$11.16 and a 1 year 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 (EPS) for the quarter. The company had revenue of C$712.00 million for the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TA shares. National Bank Financial upgraded 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. ATB Cormark Capital Markets upped 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 report on Tuesday, March 24th. Canadian Imperial Bank of Commerce increased their price objective on shares of TransAlta from C$25.00 to C$26.00 in a research note on Wednesday, December 17th. Desjardins decreased their target price on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. Finally, Jefferies Financial Group dropped their target price on shares of TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average 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.