TransAlta (TSE:TA) Insider Michael Politeski Purchases 10,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Michael Politeski bought 10,000 shares of the business’s stock in a transaction dated Friday, June 19th. The shares were acquired at an average cost of C$19.58 per share, for a total transaction of C$195,800.00. Following the purchase, the insider owned 75,000 shares of the company’s stock, valued at approximately C$1,468,500. The trade was a 15.38% increase in their position.

Michael Politeski also recently made the following trade(s):

• On Friday, June 5th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were bought at an average cost of C$18.15 per share, for a total transaction of C$181,500.00.
• On Wednesday, May 13th, Michael Politeski bought 10,000 shares of TransAlta stock. The shares were purchased at an average cost of C$17.24 per share, with a total value of C$172,400.00.

TransAlta Stock Performance

TA stock opened at C$19.64 on Tuesday. The company has a debt-to-equity ratio of 317.20, a current ratio of 0.76 and a quick ratio of 0.61. The company has a market capitalization of C$6.21 billion, a P/E ratio of -26.19, a PEG ratio of -0.07 and a beta of 0.69. The business has a 50-day moving average price of C$18.17 and a 200 day moving average price of C$18.02. TransAlta Co. has a 1-year low of C$14.08 and a 1-year high of C$25.03.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Wednesday, June 10th. TD set a C$26.00 price objective on TransAlta and gave the company a “buy” rating in a report on Wednesday, June 10th. Desjardins increased their price target on shares of TransAlta from C$18.00 to C$18.50 and gave the stock a “hold” rating in a report on Wednesday, June 10th. National Bank Financial increased their price target on TransAlta from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. Finally, Royal Bank Of Canada set a C$24.00 price objective on shares of TransAlta and gave the company an “outperform” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TransAlta has a consensus rating of “Buy” and a consensus price target 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.