Key Points
- Insider selling: TransAlta insider Jane Nyla Fedoretz sold 10,000 shares on May 21 at an average price of C$18.25, cutting her direct stake by 16.69%. She has also sold several additional blocks of TransAlta shares in recent weeks.
- Stock movement and valuation: TransAlta shares rose 1.0% and opened at C$18.74, trading between a 12-month low of C$12.16 and high of C$25.03. The company’s market cap is C$5.58 billion.
- Analyst sentiment: Research firms remain mostly constructive on TransAlta, with seven Buy ratings and one Hold rating. The stock’s average analyst price target is 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 that occurred on Thursday, May 21st. The shares were sold at an average price of C$18.25, for a total value of C$182,500.00. Following the completion of the sale, the insider directly owned 49,906 shares in the company, valued at approximately C$910,784.50. The trade was a 16.69% decrease in their ownership of the stock.
Jane Nyla Fedoretz also recently made the following trade(s):
- On Friday, May 8th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were sold at an average price of C$17.60, for a total value of C$88,000.00.
- 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 value of C$174,500.00.
- On Monday, March 30th, Jane Nyla Fedoretz sold 5,000 shares of TransAlta stock. The shares were 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 shares were 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 Stock Up 1.0%
Shares of TA opened at C$18.74 on Friday. 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 12 month low of C$12.16 and a 12 month high of C$25.03. The stock's 50 day moving average is C$17.73 and its two-hundred day moving average is C$18.33. The firm has a market cap of C$5.58 billion, a P/E ratio of -24.99, a PEG ratio of -0.07 and a beta of 0.54.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.06 EPS for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.The company had revenue of C$560.00 million for the quarter.
Analyst Upgrades and Downgrades
TA has been the topic of several research analyst reports. 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 report on Tuesday, March 24th. National Bank Financial upgraded TransAlta from a "hold" rating to an "outperform" rating and set a C$22.00 target price on the stock in a research report on Tuesday, March 24th. Desjardins decreased their target price 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, TD decreased their target price on TransAlta from C$27.00 to C$26.00 and set a "buy" rating on the stock in a research report on Thursday, May 7th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TransAlta has an average rating of "Moderate Buy" and an average price target of C$24.44.
Check Out Our Latest Research Report on TA
About TransAlta
(
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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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