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 stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$16.30, for a total value of C$130,400.00.

Jane Nyla Fedoretz also recently made the following trade(s):

• On Thursday, November 28th, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The shares were sold at an average price of C$15.49, for a total value of C$123,920.00.
• On Thursday, November 21st, Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock. The shares were sold at an average price of C$15.11, for a total value 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 Stock Performance

TA opened at C$16.21 on Wednesday. The firm has a market capitalization of C$4.83 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The stock’s 50 day moving average price is C$14.48 and its two-hundred day moving average price is C$11.91. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. TransAlta Co. has a 12-month low of C$8.22 and a 12-month high of C$16.48.

TransAlta Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, November 29th. TransAlta’s payout ratio is presently 12.63%.

Analyst Ratings Changes

TA has been the subject of several research reports. Desjardins cut TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. National Bankshares raised their target price on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. TD Securities raised their target price on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their target price on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.