TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 3,602 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 3,602 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of C$18.84, for a total transaction of C$67,861.68.

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

• On Monday, December 2nd, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The stock was sold at an average price of C$16.30, for a total transaction 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 transaction of C$123,920.00.
• 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 transaction of C$278,400.00.

TransAlta Trading Up 2.1 %

TSE:TA opened at C$19.09 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The stock has a market capitalization of C$5.69 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The firm’s 50 day moving average is C$15.02 and its 200 day moving average is C$12.25. TransAlta Co. has a 12 month low of C$8.22 and a 12 month high of C$19.74.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors 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 1.26%. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analysts Set New Price Targets

Several equities research analysts have commented on TA shares. Royal Bank of Canada increased their price objective on shares of TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. National Bankshares increased their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Scotiabank upgraded shares of TransAlta to a “strong-buy” rating in a research note on Thursday, December 5th. TD Securities increased their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Desjardins lowered shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, TransAlta presently has an average rating of “Buy” and an average 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.