TransAlta Co. (TSE:TA) (NYSE:TAC) insider Francois Gratton sold 555 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of C$45.69, for a total transaction of C$25,357.95.

TransAlta Co. (TSE:TA) traded down 0.13% during midday trading on Monday, hitting $7.77. 739,190 shares of the stock traded hands. The company has a market cap of $2.24 billion and a PE ratio of 40.68. The company’s 50-day moving average is $7.39 and its 200-day moving average is $7.44. TransAlta Co. has a one year low of $5.11 and a one year high of $8.12.

TransAlta (TSE:TA) (NYSE:TAC) last posted its quarterly earnings results on Friday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $578 million for the quarter, compared to the consensus estimate of $571.03 million. Equities research analysts expect that TransAlta Co. will post $0.01 EPS for the current fiscal year.

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TA has been the subject of several research reports. TD Securities restated a “hold” rating and issued a C$8.00 price target on shares of TransAlta in a research note on Monday, March 6th. Scotiabank lifted their price objective on shares of TransAlta from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a research report on Monday, March 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a C$8.00 price objective on shares of TransAlta in a research report on Tuesday, May 23rd. Five analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of C$7.91.

TransAlta Company Profile

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

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