TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average cost of C$18.15 per share, for a total transaction of C$181,500.00. Following the completion of the acquisition, the insider owned 65,000 shares of the company’s stock, valued at C$1,179,750. This trade represents a 18.18% increase in their ownership of the stock.
Michael Politeski also recently made the following trade(s):
- On Wednesday, May 13th, Michael Politeski acquired 10,000 shares of TransAlta stock. The stock was acquired at an average cost of C$17.24 per share, for a total transaction of C$172,400.00.
TransAlta Price Performance
TA stock traded down C$0.15 on Monday, hitting C$17.54. 896,104 shares of the company’s stock traded hands, compared to its average volume of 1,408,046. The stock has a market cap of C$5.22 billion, a price-to-earnings ratio of -23.39, a P/E/G ratio of -0.07 and a beta of 0.69. TransAlta Co. has a 1-year low of C$13.98 and a 1-year high of C$25.03. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 317.20. The stock has a fifty day moving average of C$18.14 and a 200-day moving average of C$18.11.
Analyst Upgrades and Downgrades
TA has been the subject of several analyst reports. National Bank Financial lifted their price objective on shares of TransAlta from C$22.00 to C$24.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. ATB Cormark Capital Markets lifted their price target on shares of TransAlta from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Tuesday, March 24th. TD decreased their price objective on shares of TransAlta from C$27.00 to C$26.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Desjardins decreased their price target on shares of TransAlta from C$19.00 to C$18.00 and set a “hold” rating for the company in a report on Tuesday, February 10th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$24.67.
View Our Latest Analysis on TA
About TransAlta
TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live.
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