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 the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$19.41, for a total value of C$194,100.00.

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

• On Wednesday, December 11th, Jane Nyla Fedoretz sold 3,602 shares of TransAlta stock. The stock was sold at an average price of C$18.84, for a total value of C$67,861.68.
• 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 value of C$130,400.00.
• On Thursday, November 28th, Jane Nyla Fedoretz sold 8,000 shares of TransAlta stock. The stock was 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$20.16 on Thursday. TransAlta Co. has a 52-week low of C$8.22 and a 52-week high of C$20.98. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 219.87. The stock has a market cap of C$6.01 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of -0.07 and a beta of 0.93. The business has a fifty day moving average of C$15.48 and a two-hundred day moving average of C$12.55.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 annualized dividend and a yield of 1.19%. TransAlta’s dividend payout ratio (DPR) is currently 12.63%.

Analyst Ratings Changes

A number of research firms have commented on TA. Desjardins increased their price objective on shares of TransAlta from C$15.50 to C$16.00 and gave the company a “hold” rating in a report on Wednesday. TD Securities increased their price target on TransAlta from C$16.00 to C$18.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Scotiabank upgraded TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. BMO Capital Markets upped their target price on TransAlta from C$17.00 to C$22.00 in a report on Monday. Finally, Royal Bank of Canada lifted their price target on TransAlta from C$14.00 to C$16.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$17.08.

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.