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

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski acquired 10,000 shares of the stock in a transaction on Friday, June 19th. The stock was bought at an average price of C$19.58 per share, with a total value of C$195,800.00. Following the transaction, the insider directly owned 75,000 shares in the company, valued at approximately C$1,468,500. This represents a 15.38% increase in their position.

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

• On Friday, June 5th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was purchased at an average cost of C$18.15 per share, with a total value of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was purchased at an average price of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Stock Down 0.7%

Shares of TSE:TA opened at C$19.51 on Wednesday. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.61. The stock has a market cap of C$6.17 billion, a price-to-earnings ratio of -26.01, a P/E/G ratio of -0.07 and a beta of 0.69. The company has a 50 day moving average of C$18.17 and a 200-day moving average of C$18.02. TransAlta Co. has a one year low of C$14.08 and a one year high of C$25.03.

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

Analysts Set New Price Targets

A number of brokerages recently commented on TA. Scotia set a C$27.00 price objective on TransAlta and gave the stock a “sector outperform” rating in a research note on Wednesday, June 10th. TD set a C$26.00 target price on TransAlta and gave the company a “buy” rating in a research note on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 target price on TransAlta and gave the stock an “outperform” rating in a report on Wednesday, June 10th. National Bank Financial boosted their target price on TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Desjardins upped their price target on TransAlta from C$18.00 to C$18.50 and gave the company a “hold” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TransAlta has an average rating of “Buy” and an average target price of C$24.95.

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.