Insider Selling: TransAlta Co. (TSE:TA) Senior Officer Sells 8,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total value of C$123,920.00.

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

• On Thursday, November 21st, Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00.
• On Wednesday, September 25th, Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock. The stock was sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Trading Up 1.4 %

Shares of TransAlta stock opened at C$15.87 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta Co. has a twelve month low of C$8.22 and a twelve month high of C$15.99. The firm has a market capitalization of C$4.73 billion, a PE ratio of 8.35, a P/E/G ratio of -0.07 and a beta of 0.93. The firm’s 50-day moving average price is C$14.33 and its 200 day moving average price is C$11.81.

TransAlta Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio is presently 12.63%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TA. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. TD Securities upped their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. National Bankshares increased their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. BMO Capital Markets lifted their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Finally, Royal Bank of Canada raised their price objective on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$16.17.

TransAlta Company Profile

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.