Insider Selling: TransAlta Co. (TA) Director Sells 20,000 Shares of Stock

TransAlta Co. (TSE:TA) (NYSE:TAC) Director Allen R. Hagerman sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of C$7.07, for a total value of C$141,400.00.

Shares of TSE:TA traded down C$0.06 during trading on Friday, hitting C$7.01. 287,400 shares of the company’s stock were exchanged, compared to its average volume of 560,046. The company has a current ratio of 1.62, a quick ratio of 0.93 and a debt-to-equity ratio of 70.69. TransAlta Co. has a 52-week low of C$6.31 and a 52-week high of C$8.18.

A number of analysts have commented on TA shares. National Bank Financial upped their price target on TransAlta from C$8.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 7th. CIBC upped their price target on TransAlta from C$8.00 to C$8.50 in a research report on Tuesday, August 7th. Finally, BMO Capital Markets upped their price target on TransAlta from C$7.50 to C$8.50 in a research report on Tuesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of C$8.38.

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About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

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