TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$19.41, for a total transaction of C$194,100.00.

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

• On Wednesday, December 11th, Jane Nyla Fedoretz sold 3,602 shares of TransAlta stock. The stock was sold at an average price of C$18.84, for a total transaction of C$67,861.68.
• On Monday, December 2nd, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The shares were sold at an average price of C$16.30, for a total value of C$130,400.00.
• On Thursday, November 28th, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The stock was 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 stock was sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Price Performance

TSE TA opened at C$20.55 on Wednesday. The company has a market cap of C$6.13 billion, a PE ratio of 10.82, a P/E/G ratio of -0.07 and a beta of 0.93. The firm’s 50 day moving average price is C$15.36 and its 200-day moving average price is C$12.50. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta Co. has a 52-week low of C$8.22 and a 52-week high of C$20.59.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a $0.06 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.17%. TransAlta’s dividend payout ratio is presently 12.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. TD Securities raised their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of TransAlta from C$17.00 to C$22.00 in a research report on Monday. National Bankshares boosted their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Royal Bank of Canada raised their price objective on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Finally, Desjardins lowered TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TransAlta currently has a consensus rating of “Buy” and an average price target of C$17.00.

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.