TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total value of C$182,500.00. Following the completion of the transaction, the insider directly owned 49,906 shares in the company, valued at C$910,784.50. This represents a 16.69% decrease in their ownership of the stock.

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

• On Friday, May 8th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were sold at an average price of C$17.60, for a total value of C$88,000.00.
• On Thursday, May 7th, 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 value of C$174,500.00.
• 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 value of C$88,300.00.
• 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 value of C$127,050.00.
• 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 value of C$174,500.00.
• On Tuesday, March 24th, Jane Nyla Fedoretz sold 7,500 shares of TransAlta stock. The shares were sold at an average price of C$17.70, for a total value 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 1.0%

Shares of TA stock opened at C$18.74 on Friday. The stock’s 50-day simple moving average is C$17.73 and its 200-day simple moving average is C$18.33. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76. The firm has a market capitalization of C$5.58 billion, a PE ratio of -24.99, a P/E/G ratio of -0.07 and a beta of 0.54. TransAlta Co. has a fifty-two week low of C$12.16 and a fifty-two week high of C$25.03.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$560.00 million for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.

Wall Street Analyst Weigh In

Several research firms recently commented on TA. TD dropped their target price on TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. National Bank Financial raised TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 target price on the stock in a report on Tuesday, March 24th. ATB Cormark Capital Markets raised their target price on TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, March 24th. Finally, Desjardins dropped their target price on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a report on Tuesday, February 10th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, TransAlta has an average rating of “Moderate Buy” and an average target price of C$24.44.

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.