TransAlta Co. (TSE:TA) Senior Officer Jane Nyla Fedoretz Sells 25,000 Shares

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00.

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

• 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 transaction of C$278,400.00.

TransAlta Trading Down 1.1 %

Shares of TSE TA traded down C$0.17 during mid-day trading on Friday, hitting C$15.05. The company’s stock had a trading volume of 208,635 shares, compared to its average volume of 1,051,179. The stock has a market cap of C$4.49 billion, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. TransAlta Co. has a one year low of C$8.22 and a one year high of C$15.37. The company’s fifty day simple moving average is C$13.98 and its 200-day simple moving average is C$11.56.

TransAlta Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a $0.06 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. TransAlta’s dividend payout ratio is 12.63%.

Analyst Upgrades and Downgrades

TA has been the subject of a number of recent research reports. TD Securities increased their price objective on shares of TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. National Bankshares increased their price objective on shares of TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Royal Bank of Canada upped their target price on shares of TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their target price on shares of TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, TransAlta has a consensus 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.