Key Points
- TransAlta insider Jane Nyla Fedoretz sold 5,000 shares on May 8 at an average price of C$17.60, worth about C$88,000. The sale reduced her ownership by 7.7% to 59,906 shares.
- Fedoretz has been actively selling shares recently, including multiple transactions in March and early May, such as a 10,000-share sale on May 7. The article lists several sales totaling tens of thousands of shares over the past few months.
- Analysts remain generally positive on TransAlta, with seven Buy ratings and one Hold, giving the stock a consensus “Moderate Buy” and a target price of C$24.44. The company recently reported C$0.06 EPS on revenue of C$560 million for the quarter.
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$17.60, for a total value of C$88,000.00. Following the completion of the transaction, the insider owned 59,906 shares in the company, valued at C$1,054,345.60. The trade was 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 stock was 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 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 transaction 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 shares were sold at an average price of C$17.46, for a total value of C$87,300.00.
TransAlta Price Performance
Shares of TSE:TA opened at C$17.26 on Wednesday. The business has a fifty day simple moving average of C$17.72 and a 200 day simple moving average of C$18.65. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20. TransAlta Co. has a 1 year low of C$12.12 and a 1 year high of C$25.03. The firm has a market cap of C$5.14 billion, a price-to-earnings ratio of -23.01, a P/E/G ratio of -0.07 and a beta of 0.54.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$560.00 million during 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
A number of equities analysts have recently commented on TA shares. Jefferies Financial Group dropped their price objective on TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. ATB Cormark Capital Markets raised their price objective on shares of TransAlta from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 24th. 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 research report on Tuesday, February 10th. TD dropped their price objective on shares of TransAlta from C$27.00 to C$26.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Finally, National Bank Financial raised shares of TransAlta from a "hold" rating to an "outperform" rating and set a C$22.00 price objective for the company in a research report on Tuesday, March 24th. Seven equities 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, TransAlta has a consensus rating of "Moderate Buy" and a consensus target price of C$24.44.
Read Our Latest Report on TransAlta
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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