Insider Selling: TransAlta Co. (TSE:TA) Senior Officer Sells 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 shares were 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 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 stock was sold at an average price of C$13.92, for a total transaction of C$278,400.00.

TransAlta Trading Down 1.0 %

Shares of TA traded down C$0.19 during mid-day trading on Tuesday, reaching C$19.66. The company’s stock had a trading volume of 691,652 shares, compared to its average volume of 1,110,639. The stock has a market cap of C$5.86 billion, a PE ratio of 10.45, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. TransAlta Co. has a 52 week low of C$8.22 and a 52 week high of C$20.15. The company’s fifty day moving average price is C$15.23 and its two-hundred day moving average price is C$12.42.

TransAlta Announces Dividend

The company 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 dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. TransAlta’s dividend payout ratio is currently 12.63%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TA. TD Securities raised their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. Desjardins lowered shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. National Bankshares raised their price target on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets raised their price objective on shares of TransAlta from C$17.00 to C$22.00 in a report on Monday. One equities research 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 company’s stock. According to data from MarketBeat, TransAlta has a consensus rating of “Buy” and a consensus 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.