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 the firm’s stock in a transaction dated Thursday, November 28th. The stock was 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 stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00.
• On Wednesday, September 25th, Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Price Performance

Shares of TransAlta stock traded up C$0.07 on Thursday, hitting C$15.62. The company’s stock had a trading volume of 125,641 shares, compared to its average volume of 1,056,307. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. TransAlta Co. has a 1 year low of C$8.22 and a 1 year high of C$15.70. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. The firm has a fifty day moving average price of C$14.21 and a 200-day moving average price of C$11.73.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio is presently 12.63%.

Analyst Ratings Changes

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

About TransAlta

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.