Insider Buying: TransAlta (TSE:TA) Insider Buys C$80,100.00 in Stock

Key Points

• Insider buying: Michael Politeski purchased 5,000 TransAlta shares for C$80,100, increasing his direct holdings by 5.88% to 90,000 shares. He has also bought 20,000 shares in two earlier transactions this year.
• Stock performance and financials: TransAlta shares rose 4.4% to C$16.73, near the lower end of their C$15.62–C$25.03 52-week range. The company reported C$0.18 in quarterly EPS on C$507 million of revenue, alongside a negative net margin and high debt-to-equity ratio.
• Analyst outlook: Analysts maintain a consensus “Buy” rating with a C$25.00 target price, substantially above the current share price; ratings include one Strong Buy, eight Buys and one Hold.

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC insider Michael Politeski bought 5,000 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was purchased at an average price of C$16.02 per share, for a total transaction of C$80,100.00. Following the purchase, the insider directly owned 90,000 shares in the company, valued at approximately C$1,441,800. This represents a 5.88% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Tuesday, August 4th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$17.77 per share, with a total value of C$177,700.00.
• On Friday, June 19th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$19.58 per share, with a total value of C$195,800.00.

TransAlta Stock Up 4.4%

Shares of TSE TA traded up C$0.71 during midday trading on Wednesday, reaching C$16.73. The company's stock had a trading volume of 723,865 shares, compared to its average volume of 1,664,782. The stock has a 50 day simple moving average of C$17.82 and a 200-day simple moving average of C$18.09. The company has a current ratio of 0.84, a quick ratio of 0.61 and a debt-to-equity ratio of 238.01. The stock has a market capitalization of C$5.29 billion, a price-to-earnings ratio of -53.97, a PEG ratio of -0.07 and a beta of 0.69. TransAlta Co. has a fifty-two week low of C$15.62 and a fifty-two week high of C$25.03.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last released its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share for the quarter. TransAlta had a negative net margin of 1.02% and a negative return on equity of 1.50%. The business had revenue of C$507.00 million during the quarter.

Analyst Ratings Changes

Several research firms recently issued reports on TA. Royal Bank Of Canada set a C$24.00 target price on TransAlta and gave the stock an "outperform" rating in a report on Wednesday, June 10th. Desjardins raised their price target on TransAlta from C$18.50 to C$19.00 and gave the company a "hold" rating in a research note on Friday, July 3rd. Scotia set a C$27.00 price target on TransAlta and gave the stock a "sector outperform" rating in a research report on Wednesday, June 10th. National Bank Financial upped their price objective on TransAlta from C$22.00 to C$24.00 and gave the stock an "outperform" rating in a research note on Monday, June 1st. Finally, TD set a C$26.00 target price on shares of TransAlta and gave the company a "buy" rating in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, TransAlta currently has a consensus rating of "Buy" and a consensus target price of C$25.00.

TransAlta Company Profile

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada's largest producers of wind power and Alberta's largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.

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