TransAlta Co. (TSE:TA) Senior Officer Sells C$377,750.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of TransAlta stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$15.11, for a total transaction of C$377,750.00.

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

• 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 Stock Down 1.1 %

TSE TA traded down C$0.17 during trading on Friday, reaching C$15.05. The company’s stock had a trading volume of 208,635 shares, compared to its average volume of 1,051,179. 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 capitalization of C$4.49 billion, a PE ratio of 8.01, a PEG ratio of -0.07 and a beta of 0.93. The business has a 50-day moving average price of C$13.98 and a 200-day moving average price of C$11.56. TransAlta Co. has a 1-year low of C$8.22 and a 1-year high of C$15.37.

TransAlta Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Friday, November 29th. TransAlta’s dividend payout ratio (DPR) is presently 12.63%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TA. Desjardins cut shares of TransAlta from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their target price on shares of TransAlta from C$14.00 to C$16.00 in a research report on Wednesday, November 6th. BMO Capital Markets lifted their target price on shares of TransAlta from C$16.00 to C$17.00 in a research report on Thursday, September 5th. TD Securities lifted their target price on shares of TransAlta from C$16.00 to C$18.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, National Bankshares lifted their target price on shares of TransAlta from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. 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.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.