Key Points
- TransAlta insider Jane Nyla Fedoretz sold 10,000 shares on May 7 at an average price of C$17.45, trimming her holdings by 11.78% to 74,906 shares.
- Fedoretz has made several recent sales of TransAlta stock, including multiple transactions in March totaling tens of thousands of shares.
- TransAlta reported Q1 earnings of C$0.06 per share on revenue of C$560 million, while analysts currently rate the stock a Moderate Buy with a consensus target of C$24.44.
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Jane Nyla Fedoretz sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of C$17.45, for a total value of C$174,500.00. Following the completion of the transaction, the insider owned 74,906 shares of the company's stock, valued at C$1,307,109.70. The trade was a 11.78% decrease in their position.
Jane Nyla Fedoretz also recently made the following trade(s):
- 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 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 stock was 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 stock was sold at an average price of C$17.46, for a total value of C$87,300.00.
TransAlta Trading Down 0.1%
TSE TA opened at C$17.48 on Tuesday. TransAlta Co. has a 12 month low of C$12.12 and a 12 month high of C$25.03. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20. The stock has a 50 day moving average of C$17.75 and a 200-day moving average of C$18.69. The company has a market cap of C$5.21 billion, a PE ratio of -23.31, a PEG ratio of -0.07 and a beta of 0.54.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last issued its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. TransAlta had a negative net margin of 7.73% and a negative return on equity of 11.56%. The business had revenue of C$560.00 million for the quarter.
Wall Street Analyst Weigh In
TA has been the topic of a number of research analyst reports. Desjardins dropped 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. Jefferies Financial Group lowered their price target on TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. 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. TD reduced their target price on TransAlta from C$27.00 to C$26.00 and set a "buy" rating for the company in a research note on Thursday, May 7th. Finally, 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$24.44.
Read Our Latest Research Report on TA
TransAlta Company Profile
(
Get Free Report)
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.
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