TransAlta Co. (TSE:TA – Get Free Report) (NYSE:TAC) insider Michael Politeski acquired 5,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were purchased at an average price of C$16.02 per share, for a total transaction of C$80,100.00. Following the completion of the purchase, the insider directly owned 90,000 shares in the company, valued at C$1,441,800. The trade was a 5.88% increase in their ownership of the stock.
Michael Politeski also recently made the following trade(s):
- On Tuesday, August 4th, Michael Politeski bought 10,000 shares of TransAlta stock. The stock was purchased at an average price of C$17.77 per share, with a total value of C$177,700.00.
- On Friday, June 19th, Michael Politeski purchased 10,000 shares of TransAlta stock. The shares were acquired at an average price of C$19.58 per share, with a total value of C$195,800.00.
TransAlta Stock Performance
TA opened at C$17.12 on Friday. TransAlta Co. has a 12-month low of C$15.62 and a 12-month high of C$25.03. The stock has a market cap of C$5.42 billion, a price-to-earnings ratio of -55.23, a PEG ratio of -0.07 and a beta of 0.69. The business has a 50 day moving average of C$17.62 and a 200-day moving average of C$18.06. The company has a quick ratio of 0.61, a current ratio of 0.84 and a debt-to-equity ratio of 238.01.
Wall Street Analyst Weigh In
TA has been the subject of a number of recent research reports. Royal Bank Of Canada set a C$24.00 target price on shares of TransAlta and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Scotia set a C$27.00 price objective on shares of TransAlta and gave the company a “sector outperform” rating in a report on Wednesday, June 10th. TD set a C$26.00 target price on shares of TransAlta and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Desjardins lifted their price target on shares of TransAlta from C$18.50 to C$19.00 and gave the company a “hold” rating in a research report on Friday, July 3rd. Finally, ATB Cormark Capital Markets set a C$28.00 price target on TransAlta and gave the company an “outperform” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$25.00.
Get Our Latest Stock Analysis on TransAlta
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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