Michael Politeski Acquires 10,000 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski purchased 10,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00. Following the completion of the acquisition, the insider owned 55,000 shares in the company, valued at approximately C$948,200. This trade represents a 22.22% increase in their ownership of the stock.

TransAlta Stock Down 0.8%

Shares of TSE:TA opened at C$17.63 on Friday. The firm has a fifty day moving average price of C$17.67 and a two-hundred day moving average price of C$18.55. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.62. TransAlta Co. has a one year low of C$12.12 and a one year high of C$25.03. The company has a market cap of C$5.25 billion, a price-to-earnings ratio of -23.51, a PEG ratio of -0.07 and a beta of 0.54.

TransAlta (TSE:TA) (NYSE:TAC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.06 EPS for the quarter. TransAlta had a negative net margin of 7.73% and a negative return on equity of 11.56%. The firm had revenue of C$560.00 million during the quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TA shares. Desjardins lowered their target price on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating on the stock in a research note on Tuesday, February 10th. Jefferies Financial Group lowered their target price on shares of TransAlta from C$27.00 to C$22.00 in a research note on Wednesday, January 21st. National Bank Financial upgraded shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 price objective on the stock in a research report on Tuesday, March 24th. ATB Cormark Capital Markets lifted their price objective on shares of TransAlta from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Tuesday, March 24th. Finally, TD dropped their price objective on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$24.44.

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.