Jane Nyla Fedoretz Sells 10,000 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 10,000 shares of TransAlta stock in a transaction on Thursday, August 15th. The shares were sold at an average price of C$11.45, for a total transaction of C$114,500.00.

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

• On Wednesday, August 7th, Jane Nyla Fedoretz sold 41,378 shares of TransAlta stock. The stock was sold at an average price of C$11.30, for a total value of C$467,571.40.

TransAlta Price Performance

TA opened at C$11.49 on Wednesday. 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 1-year low of C$8.22 and a 1-year high of C$13.61. The company has a 50-day moving average of C$10.18 and a 200-day moving average of C$9.57. The company has a market capitalization of C$3.43 billion, a P/E ratio of 6.05, a PEG ratio of -0.07 and a beta of 0.90.

TransAlta Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 1st will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Friday, August 30th. TransAlta’s payout ratio is currently 12.63%.

Analyst Upgrades and Downgrades

Separately, CIBC lowered their target price on TransAlta from C$16.50 to C$15.50 and set an “outperform” rating for the company in a research note on Monday, July 22nd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, TransAlta has a consensus rating of “Buy” and an average price target of C$15.00.

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.