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

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 28th. The stock was sold at an average price of C$15.49, for a total value 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 value of C$377,750.00.
• On Wednesday, September 25th, Jane Nyla Fedoretz sold 20,000 shares of TransAlta stock. The shares were sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Trading Up 0.6 %

Shares of TA opened at C$15.65 on Friday. The company has a debt-to-equity ratio of 219.87, a quick ratio of 0.62 and a current ratio of 0.84. TransAlta Co. has a 52-week low of C$8.22 and a 52-week high of C$15.70. The firm has a market cap of C$4.67 billion, a price-to-earnings ratio of 8.24, a PEG ratio of -0.07 and a beta of 0.93. The business’s fifty day moving average is C$14.27 and its 200-day moving average is C$11.77.

TransAlta Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TA shares. Royal Bank of Canada increased their price objective on TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. National Bankshares boosted their price target on TransAlta from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. TD Securities lifted their price objective on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Desjardins lowered TransAlta from a “moderate buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, BMO Capital Markets raised their price target on TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, TransAlta currently has an average rating of “Moderate Buy” and an average price target of C$16.17.

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.