Jane Nyla Fedoretz Sells 25,000 Shares of TransAlta Co. (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Senior Officer Jane Nyla Fedoretz sold 25,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$15.11, for a total value 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 shares were sold at an average price of C$13.92, for a total value of C$278,400.00.

TransAlta Stock Down 1.3 %

TransAlta stock opened at C$15.02 on Friday. TransAlta Co. has a twelve month low of C$8.22 and a twelve month high of C$15.37. The stock has a 50 day moving average of C$14.03 and a two-hundred day moving average of C$11.60. 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$4.48 billion, a price-to-earnings ratio of 7.91, a PEG ratio of -0.07 and a beta of 0.93.

TransAlta Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a dividend of $0.06 per share. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. TransAlta’s payout ratio is 12.63%.

Wall Street Analyst Weigh In

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