Jane Nyla Fedoretz Sells 25,000 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total value of C$377,750.00.

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

• 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 transaction of C$278,400.00.

TransAlta Price Performance

Shares of TSE:TA opened at C$15.02 on Friday. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a market capitalization of C$4.48 billion, a P/E ratio of 7.91, a P/E/G ratio of -0.07 and a beta of 0.93. The business has a 50-day moving average of C$14.03 and a two-hundred day moving average of C$11.60. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.37.

TransAlta Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. TransAlta’s payout ratio is currently 12.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TA. Royal Bank of Canada lifted their target price on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. Desjardins cut TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. National Bankshares boosted 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 price target on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price target on TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$16.17.

TransAlta Company Profile

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.