TransAlta (TSE:TA) Insider Michael Politeski Buys 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski purchased 10,000 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were purchased at an average cost of C$19.58 per share, for a total transaction of C$195,800.00. Following the completion of the purchase, the insider directly owned 75,000 shares of the company’s stock, valued at approximately C$1,468,500. This represents a 15.38% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Friday, June 5th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were purchased at an average price of C$18.15 per share, for a total transaction of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Trading Up 1.1%

TSE TA traded up C$0.22 during trading hours on Monday, reaching C$19.74. The company’s stock had a trading volume of 744,361 shares, compared to its average volume of 1,516,193. The firm has a fifty day simple moving average of C$18.16 and a 200-day simple moving average of C$18.02. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.61. TransAlta Co. has a 52 week low of C$14.08 and a 52 week high of C$25.03. The stock has a market cap of C$6.24 billion, a P/E ratio of -26.32, a P/E/G ratio of -0.07 and a beta of 0.69.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TA. TD set a C$26.00 target price on TransAlta and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 price target on shares of TransAlta and gave the stock an “outperform” rating in a report on Wednesday, June 10th. National Bank Financial upped their price objective on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets set a C$28.00 price objective on shares of TransAlta and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, Desjardins lifted their target price on shares of TransAlta from C$18.00 to C$18.50 and gave the stock a “hold” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TransAlta currently has a consensus rating of “Buy” and a consensus target price of C$24.95.

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.