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 company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$17.60, for a total transaction of C$88,000.00. Following the completion of the transaction, the insider owned 59,906 shares in the company, valued at approximately C$1,054,345.60. This trade represents a 7.70% decrease in their ownership of the stock.

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

• 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 transaction of C$174,500.00.
• On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The stock was sold at an average price of C$17.66, for a total transaction 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 stock was 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 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 stock was sold at an average price of C$17.46, for a total transaction of C$87,300.00.

TransAlta Stock Performance

Shares of TA stock opened at C$17.26 on Wednesday. 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$5.14 billion, a price-to-earnings ratio of -23.01, a price-to-earnings-growth ratio of -0.07 and a beta of 0.54. TransAlta Co. has a one year low of C$12.12 and a one year high of C$25.03. The company has a 50 day moving average price of C$17.72 and a 200 day moving average price of C$18.65.

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. National Bank Financial raised shares of 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. TD decreased their price target on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. ATB Cormark Capital Markets raised their price objective on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, March 24th. Desjardins reduced their price target on TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group reduced their target price on shares of TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, TransAlta currently has a consensus rating of “Moderate Buy” and an average price target 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.