TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 8,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total transaction 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 shares were 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 shares were sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Stock Up 0.5 %

Shares of TA stock traded up C$0.07 during trading on Thursday, reaching C$15.62. The company’s stock had a trading volume of 125,641 shares, compared to its average volume of 1,056,307. The company has a market capitalization of C$4.66 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of -0.07 and a beta of 0.93. TransAlta Co. has a 1-year low of C$8.22 and a 1-year high of C$15.70. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. The stock’s 50-day moving average price is C$14.21 and its 200 day moving average price is C$11.73.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio is currently 12.63%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Royal Bank of Canada upped their price objective on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, November 5th. National Bankshares boosted their target price on 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, TD Securities raised their price target on TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.