Jane Nyla Fedoretz Sells 8,000 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$15.49, for a total transaction of C$123,920.00.

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

• On Thursday, November 21st, Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock. The shares were sold at an average price of C$15.11, for a total transaction of C$377,750.00.
• 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 value of C$278,400.00.

TransAlta Trading Up 1.4 %

TSE TA opened at C$15.87 on Friday. TransAlta Co. has a 12-month low of C$8.22 and a 12-month high of C$15.99. The company has a fifty day simple moving average of C$14.33 and a two-hundred day simple moving average of C$11.81. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 219.87. The stock has a market cap of C$4.73 billion, a P/E ratio of 8.35, a P/E/G ratio of -0.07 and a beta of 0.93.

TransAlta Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.51%. TransAlta’s dividend payout ratio is currently 12.63%.

Wall Street Analyst Weigh In

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