Joel E. Hunter Purchases 45,000 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Joel E. Hunter bought 45,000 shares of TransAlta stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of C$14.99 per share, for a total transaction of C$674,752.50.

TransAlta Trading Up 2.0 %

Shares of TA stock opened at C$14.98 on Friday. TransAlta Co. has a fifty-two week low of C$8.22 and a fifty-two week high of C$21.22. The company has a 50 day moving average price of C$17.67 and a 200 day moving average price of C$15.40. The stock has a market capitalization of C$4.50 billion, a P/E ratio of 21.35, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company has a debt-to-equity ratio of 229.66, a quick ratio of 0.62 and a current ratio of 0.74.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank downgraded TransAlta from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from C$19.00 to C$21.00 in a research report on Thursday, January 30th. BMO Capital Markets boosted their price target on shares of TransAlta from C$17.00 to C$22.00 in a research note on Monday, December 16th. TD Securities upped their price objective on shares of TransAlta from C$18.00 to C$19.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. CIBC upgraded shares of TransAlta from a “neutral” rating to an “outperform” rating and dropped their target price for the company from C$23.00 to C$19.50 in a report on Tuesday, February 18th. Finally, Desjardins upped their price target on TransAlta from C$15.50 to C$16.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$18.36.

About TransAlta

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.