Michael Politeski Acquires 5,000 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski purchased 5,000 shares of TransAlta stock in a transaction on Tuesday, September 15th. The shares were acquired at an average cost of C$16.02 per share, with a total value of C$80,100.00. Following the completion of the transaction, the insider directly owned 90,000 shares in the company, valued at C$1,441,800. The trade was a 5.88% increase in their position.

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

• On Tuesday, August 4th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was acquired at an average cost of C$17.77 per share, for a total transaction of C$177,700.00.
• On Friday, June 19th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was acquired at an average cost of C$19.58 per share, for a total transaction of C$195,800.00.

TransAlta Stock Up 2.7%

TSE:TA opened at C$17.18 on Friday. The firm has a market capitalization of C$5.43 billion, a P/E ratio of -55.42, a PEG ratio of -0.07 and a beta of 0.69. TransAlta Co. has a 1-year low of C$15.62 and a 1-year high of C$25.03. The company’s fifty day moving average price is C$17.68 and its 200-day moving average price is C$18.07. The company has a debt-to-equity ratio of 238.01, a current ratio of 0.84 and a quick ratio of 0.61.

TransAlta (TSE:TA) (NYSE:TAC) last posted its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. TransAlta had a negative net margin of 1.02% and a negative return on equity of 1.50%. The company had revenue of C$507.00 million during the quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank Of Canada set a C$24.00 target price on TransAlta and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. National Bank Financial lifted their price target on TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Scotiabank raised TransAlta to a “strong-buy” rating in a report on Wednesday, June 10th. ATB Cormark Capital Markets set a C$28.00 price objective on TransAlta and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Finally, TD set a C$26.00 price objective on shares of TransAlta and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, TransAlta has an average rating of “Buy” and an average price target of C$25.00.

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.