TransAlta (TSE:TA) Insider Acquires C$181,500.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of C$18.15 per share, with a total value of C$181,500.00. Following the transaction, the insider directly owned 65,000 shares in the company, valued at C$1,179,750. This represents a 18.18% increase in their ownership of the stock.

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

• On Wednesday, May 13th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were acquired at an average cost of C$17.24 per share, for a total transaction of C$172,400.00.

TransAlta Stock Performance

Shares of TA stock traded down C$0.15 on Monday, reaching C$17.54. The stock had a trading volume of 896,104 shares, compared to its average volume of 1,408,046. TransAlta Co. has a 12 month low of C$13.98 and a 12 month high of C$25.03. The company has a quick ratio of 0.62, a current ratio of 0.76 and a debt-to-equity ratio of 317.20. The firm has a market capitalization of C$5.22 billion, a price-to-earnings ratio of -23.39, a P/E/G ratio of -0.07 and a beta of 0.69. The firm’s 50-day moving average is C$18.14 and its two-hundred day moving average is C$18.11.

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

Analyst Ratings Changes

TA has been the subject of a number of research analyst reports. National Bank Financial upped their price objective on shares of TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. TD decreased their target price on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Desjardins dropped their price target on TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a research note on Tuesday, February 10th. Finally, ATB Cormark Capital Markets raised their price objective on TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Tuesday, March 24th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TransAlta presently has an average rating of “Moderate Buy” and a consensus price target of C$24.67.

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.