TransAlta (TSE:TA) Insider Buys C$181,500.00 in Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski purchased 10,000 shares of TransAlta stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of C$18.15 per share, for a total transaction of C$181,500.00. Following the acquisition, the insider owned 65,000 shares in the company, 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 bought 10,000 shares of TransAlta stock. The stock was purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Stock Down 0.7%

Shares of TSE:TA opened at C$17.27 on Thursday. TransAlta Co. has a 52-week low of C$14.07 and a 52-week high of C$25.03. The firm has a market capitalization of C$5.14 billion, a P/E ratio of -23.03, a P/E/G ratio of -0.07 and a beta of 0.69. The stock has a 50 day moving average price of C$18.11 and a 200-day moving average price of C$18.05. The company has a debt-to-equity ratio of 317.20, a quick ratio of 0.62 and a current ratio of 0.76.

TransAlta (TSE:TA) (NYSE:TAC) last announced its earnings results on Wednesday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter. TransAlta had a negative return on equity of 11.56% and a negative net margin of 7.73%.The firm had revenue of C$560.00 million during the quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TA. Royal Bank Of Canada set a C$24.00 price target on TransAlta and gave the stock an “outperform” rating in a research note on Wednesday. Scotia set a C$27.00 price target on TransAlta and gave the stock a “sector outperform” rating in a research note on Wednesday. Desjardins increased their target price on TransAlta from C$18.00 to C$18.50 and gave the company a “hold” rating in a research note on Wednesday. TD set a C$26.00 target price on TransAlta and gave the company a “buy” rating in a research note on Wednesday. Finally, ATB Cormark Capital Markets set a C$28.00 target price on TransAlta and gave the stock an “outperform” rating in a report on Wednesday. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TransAlta presently has an average rating of “Moderate Buy” and a consensus target price of C$24.95.

TransAlta Company Profile

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.