TransAlta Co. (TSE:TA) Senior Officer Sells C$123,920.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock in a transaction that occurred on Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total value of C$123,920.00.

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

• 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 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 Stock Performance

TSE:TA opened at C$15.87 on Friday. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$15.99. The firm’s 50 day moving average is C$14.33 and its two-hundred day moving average is C$11.82. The company has a market cap of C$4.73 billion, a P/E ratio of 8.35, a P/E/G ratio of -0.07 and a beta of 0.93. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87.

TransAlta Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s payout ratio is currently 12.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Securities boosted 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. National Bankshares boosted their price target on TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Royal Bank of Canada increased their price objective on TransAlta from C$14.00 to C$16.00 in a research note on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of TransAlta from C$16.00 to C$17.00 in a research note on Thursday, September 5th. Finally, Desjardins cut 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 and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, TransAlta currently has an average 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.