TransAlta Co. (TSE:TA) Senior Officer Joel E. Hunter Acquires 45,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Joel E. Hunter purchased 45,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of C$14.99 per share, for a total transaction of C$674,752.50.

TransAlta Stock Performance

Shares of TA stock opened at C$14.98 on Friday. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22. The stock has a 50 day moving average price of C$17.67 and a two-hundred day moving average price of C$15.37. The company has a market capitalization of C$4.50 billion, a P/E ratio of 21.35, a PEG ratio of -0.07 and a beta of 0.93.

Analysts Set New Price Targets

TA has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Cibc World Mkts upgraded shares of TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. BMO Capital Markets boosted their price objective on shares of TransAlta from C$17.00 to C$22.00 in a research report on Monday, December 16th. Desjardins upped their price target on shares of TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Finally, Scotiabank downgraded shares of TransAlta from an “outperform” rating to a “sector perform” rating and upped their price target for the company from C$19.00 to C$21.00 in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.36.

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.