TransAlta Co. (NYSE:TAC) Holdings Lowered by Marquard & Bahls AG

Marquard & Bahls AG reduced its stake in TransAlta Co. (NYSE:TACFree Report) (TSE:TA) by 26.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,985,671 shares of the utilities provider’s stock after selling 4,047,329 shares during the quarter. TransAlta makes up approximately 10.6% of Marquard & Bahls AG’s investment portfolio, making the stock its 2nd largest position. Marquard & Bahls AG owned about 3.55% of TransAlta worth $95,575,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in TransAlta by 0.3% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 398,174 shares of the utilities provider’s stock worth $3,726,000 after buying an additional 1,202 shares during the period. Barclays PLC boosted its position in shares of TransAlta by 18.0% during the first quarter. Barclays PLC now owns 11,800 shares of the utilities provider’s stock worth $103,000 after buying an additional 1,800 shares during the period. Man Group plc boosted its holdings in TransAlta by 11.5% during the 4th quarter. Man Group plc now owns 17,500 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 1,800 shares during the period. Quantbot Technologies LP boosted its stake in shares of TransAlta by 25.7% in the third quarter. Quantbot Technologies LP now owns 11,712 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 2,392 shares during the period. Finally, Pacifica Partners Inc. boosted its position in TransAlta by 766.3% in the 3rd quarter. Pacifica Partners Inc. now owns 3,465 shares of the utilities provider’s stock valued at $30,000 after buying an additional 3,065 shares during the period. Hedge funds and other institutional investors own 64.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on TAC shares. StockNews.com lowered TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th. TheStreet raised TransAlta from a “d+” rating to a “c” rating in a report on Tuesday, November 7th.

View Our Latest Stock Analysis on TAC

TransAlta Stock Performance

Shares of TAC traded up $0.18 during mid-day trading on Friday, hitting $7.01. 951,678 shares of the company’s stock were exchanged, compared to its average volume of 477,210. The business’s 50 day moving average is $7.80 and its two-hundred day moving average is $8.54. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2.16 billion, a P/E ratio of 4.32 and a beta of 0.88. TransAlta Co. has a fifty-two week low of $6.82 and a fifty-two week high of $10.40.

TransAlta (NYSE:TACGet Free Report) (TSE:TA) last released its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.32 by $0.57. TransAlta had a return on equity of 39.38% and a net margin of 16.56%. The business had revenue of $758.14 million during the quarter. On average, equities analysts expect that TransAlta Co. will post 2 earnings per share for the current year.

TransAlta Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a dividend of $0.0437 per share. This is a boost from TransAlta’s previous quarterly dividend of $0.04. This represents a $0.17 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, February 29th. TransAlta’s dividend payout ratio is currently 10.13%.

TransAlta Profile

(Free Report)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment has a net ownership interest of approximately 922 megawatts (MW) of owned hydro electrical-generating capacity located in Alberta, British Columbia, and Ontario.

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Institutional Ownership by Quarter for TransAlta (NYSE:TAC)

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