TransAlta (TSE:TA) Insider Jane Nyla Fedoretz Sells 5,000 Shares

Key Points

• Insider sale: Director Jane Nyla Fedoretz sold 5,000 TransAlta shares on March 12 at an average of C$17.46 for C$87,300, trimming her stake by 4.20% to 113,953 shares (about C$1.99M).
• Analyst consensus: Six analysts rate the stock a Buy and two a Hold, giving a consensus "Moderate Buy" and an average price target of C$24.13 (individual targets recently ranged roughly C$18–C$27).
• Financial/stock snapshot: Shares traded around C$17.49 with a market cap of C$5.19B; the company reported a C($0.06) EPS, negative net margin and high debt-to-equity (~320.51), with a 52-week range of C$11.16–C$25.03.

TransAlta Co. (TSE:TA - Get Free Report) NYSE: TAC insider Jane Nyla Fedoretz sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of C$17.46, for a total value of C$87,300.00. Following the completion of the sale, the insider owned 113,953 shares of the company's stock, valued at C$1,989,619.38. The trade was a 4.20% decrease in their position.

TransAlta Trading Up 0.2%

TSE:TA traded up C$0.03 during midday trading on Thursday, hitting C$17.49. The stock had a trading volume of 642,193 shares, compared to its average volume of 1,184,709. The stock has a 50-day moving average of C$17.76 and a 200 day moving average of C$19.13. The company has a market capitalization of C$5.19 billion, a price-to-earnings ratio of -27.33, a PEG ratio of -0.07 and a beta of 0.49. TransAlta Co. has a one year low of C$11.16 and a one year high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 320.51.

TransAlta (TSE:TA - Get Free Report) NYSE: TAC last issued its earnings results on Friday, February 27th. The company reported C($0.06) earnings per share for the quarter. TransAlta had a negative return on equity of 8.84% and a negative net margin of 5.74%.The firm had revenue of C$712.00 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. TD Securities raised their target price on shares of TransAlta from C$26.00 to C$27.00 and gave the company a "buy" rating in a research report on Wednesday, December 10th. National Bank Financial increased their price target on shares of TransAlta from C$18.00 to C$22.00 and gave the stock a "sector perform" rating in a report on Wednesday, December 10th. Canadian Imperial Bank of Commerce upped their price objective on shares of TransAlta from C$25.00 to C$26.00 in a research report on Wednesday, December 17th. Desjardins dropped their target price on TransAlta from C$19.00 to C$18.00 and set a "hold" rating on the stock in a research report on Tuesday, February 10th. Finally, Jefferies Financial Group lowered their price target on TransAlta from C$27.00 to C$22.00 in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$24.13.

About TransAlta

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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