Cinctive Capital Management LP purchased a new stake in shares of TransAlta Co. (NYSE:TAC - Free Report) TSE: TA during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 388,901 shares of the utilities provider's stock, valued at approximately $4,031,000. Cinctive Capital Management LP owned 0.13% of TransAlta at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in shares of TransAlta during the 3rd quarter worth approximately $42,000. Blue Trust Inc. boosted its position in shares of TransAlta by 1,381.5% in the 2nd quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider's stock worth $30,000 after purchasing an additional 3,951 shares during the last quarter. Quantbot Technologies LP bought a new position in TransAlta during the third quarter worth about $61,000. Mather Group LLC. bought a new stake in shares of TransAlta in the second quarter valued at about $64,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of TransAlta in the second quarter valued at about $72,000. 59.00% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
TAC has been the topic of a number of recent analyst reports. StockNews.com downgraded TransAlta from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 6th. Desjardins reiterated a "hold" rating on shares of TransAlta in a research note on Wednesday, November 6th.
Read Our Latest Report on TransAlta
TransAlta Trading Up 0.1 %
NYSE TAC traded up $0.01 on Tuesday, reaching $11.60. The company had a trading volume of 398,959 shares, compared to its average volume of 764,163. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.74 and a quick ratio of 0.67. The business has a 50 day moving average of $10.46 and a two-hundred day moving average of $8.73. TransAlta Co. has a fifty-two week low of $5.94 and a fifty-two week high of $11.71. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 31.46 and a beta of 0.91.
TransAlta Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be given a $0.044 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 1.52%. TransAlta's payout ratio is 45.95%.
About TransAlta
(
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 holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario.
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