Jane Nyla Fedoretz Sells 3,602 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 3,602 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of C$18.84, for a total transaction of C$67,861.68.

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

• On Monday, December 2nd, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The shares were sold at an average price of C$16.30, for a total transaction of C$130,400.00.
• On Thursday, November 28th, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The shares were sold at an average price of C$15.49, for a total transaction of C$123,920.00.
• On Thursday, November 21st, Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock. The stock was 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 transaction of C$278,400.00.

TransAlta Price Performance

TA stock opened at C$19.09 on Friday. The stock has a market capitalization of C$5.69 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The company’s 50-day moving average is C$15.02 and its 200-day moving average is C$12.25. The company has a debt-to-equity ratio of 219.87, a current ratio of 0.84 and a quick ratio of 0.62. TransAlta Co. has a 1 year low of C$8.22 and a 1 year high of C$19.74.

TransAlta Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders 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 dividend yield of 1.26%. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TA shares. TD Securities upped their price target on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price objective on TransAlta from C$16.00 to C$17.00 in a report on Thursday, September 5th. Desjardins downgraded TransAlta from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 5th. National Bankshares increased their price objective on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Finally, Scotiabank upgraded TransAlta to a “strong-buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, TransAlta has a consensus rating of “Buy” and a consensus price target 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.