Key Points
- Insider Michael Politeski purchased 5,000 TransAlta shares at an average price of C$16.02, investing C$80,100 and increasing his direct ownership by 5.88% to 90,000 shares.
- TransAlta shares opened at C$16.73, near the lower end of their 52-week range of C$15.62–C$25.03. The company reported C$0.18 in quarterly EPS on C$507 million in revenue, but had a negative net margin and return on equity.
- Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of C$25.00, compared with the reported share price of C$16.73.
TransAlta Co. (TSE:TA - Get Free Report) (NYSE:TAC) insider Michael Politeski purchased 5,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was acquired at an average cost of C$16.02 per share, for a total transaction of C$80,100.00. Following the acquisition, the insider directly owned 90,000 shares in the company, valued at approximately C$1,441,800. This trade represents a 5.88% increase in their ownership of the stock.
Michael Politeski also recently made the following trade(s):
- On Tuesday, August 4th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was acquired at an average price of C$17.77 per share, with a total value of C$177,700.00.
- On Friday, June 19th, Michael Politeski acquired 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$19.58 per share, with a total value of C$195,800.00.
TransAlta Price Performance
TSE:TA opened at C$16.73 on Thursday. The company has a debt-to-equity ratio of 238.01, a quick ratio of 0.61 and a current ratio of 0.84. The company has a 50-day moving average of C$17.74 and a 200-day moving average of C$18.08. TransAlta Co. has a 52 week low of C$15.62 and a 52 week high of C$25.03. The company has a market capitalization of C$5.29 billion, a price-to-earnings ratio of -53.97, a PEG ratio of -0.07 and a beta of 0.69.
TransAlta (TSE:TA - Get Free Report) (NYSE:TAC) last posted its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share for the quarter. TransAlta had a negative net margin of 1.02% and a negative return on equity of 1.50%. The business had revenue of C$507.00 million for the quarter.
Analysts Set New Price Targets
Several research firms have recently weighed in on TA. TD set a C$26.00 price objective on TransAlta and gave the company a "buy" rating in a research note on Wednesday, June 10th. Scotia set a C$27.00 target price on TransAlta and gave the stock a "sector outperform" rating in a research report on Wednesday, June 10th. Royal Bank Of Canada set a C$24.00 price target on TransAlta and gave the company an "outperform" rating in a research note on Wednesday, June 10th. National Bank Financial upped their price target on TransAlta from C$22.00 to C$24.00 and gave the company an "outperform" rating in a research report on Monday, June 1st. Finally, Scotiabank upgraded TransAlta to a "strong-buy" rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$25.00.
Read Our Latest Analysis 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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