Christopher Douglas Fralick Sells 36,453 Shares of TransAlta (TSE:TA) Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) insider Christopher Douglas Fralick sold 36,453 shares of TransAlta stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of C$17.90, for a total value of C$652,508.70. Following the sale, the insider directly owned 46,939 shares in the company, valued at approximately C$840,208.10. This trade represents a 43.71% decrease in their position.

TransAlta Stock Performance

Shares of TSE TA traded down C$0.10 during midday trading on Friday, hitting C$17.83. 385,624 shares of the company’s stock were exchanged, compared to its average volume of 1,249,214. TransAlta Co. has a twelve month low of C$11.16 and a twelve month high of C$25.03. The firm has a market cap of C$5.29 billion, a P/E ratio of -27.86, a PEG ratio of -0.07 and a beta of 0.49. The stock’s 50 day moving average price is C$17.76 and its 200-day moving average price is C$19.14. The company has a debt-to-equity ratio of 320.51, a current ratio of 0.73 and a quick ratio of 0.62.

TransAlta (TSE:TA) (NYSE:TAC) last posted its earnings results on Friday, February 27th. The company reported C($0.06) EPS for the quarter. The business had revenue of C$712.00 million during the quarter. TransAlta had a negative net margin of 5.74% and a negative return on equity of 8.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TA shares. TD Securities upped their price objective on shares of TransAlta from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. National Bank Financial raised shares of TransAlta from a “hold” rating to an “outperform” rating and set a C$22.00 target price on the stock in a research note on Tuesday. Canadian Imperial Bank of Commerce boosted their price target on shares of TransAlta from C$25.00 to C$26.00 in a research report on Wednesday, December 17th. Desjardins reduced 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 research note on Tuesday, February 10th. Finally, Jefferies Financial Group decreased their price objective on shares of TransAlta from C$27.00 to C$22.00 in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$24.25.

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.