TransAlta Co. (NYSE:TAC) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in TransAlta Co. (NYSE:TAC - Free Report) TSE: TA by 16.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,605,850 shares of the utilities provider's stock after selling 306,400 shares during the quarter. Intact Investment Management Inc. owned 0.54% of TransAlta worth $16,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC acquired a new position in shares of TransAlta in the second quarter worth about $514,000. Vanguard Group Inc. raised its position in shares of TransAlta by 25.3% in the 4th quarter. Vanguard Group Inc. now owns 10,498,451 shares of the utilities provider's stock valued at $87,242,000 after purchasing an additional 2,116,907 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of TransAlta during the 1st quarter valued at approximately $3,779,000. Skandinaviska Enskilda Banken AB publ grew its position in shares of TransAlta by 122.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 143,400 shares of the utilities provider's stock worth $1,015,000 after buying an additional 79,000 shares in the last quarter. Finally, Clayton Partners LLC grew its position in shares of TransAlta by 2,293.5% during the second quarter. Clayton Partners LLC now owns 458,155 shares of the utilities provider's stock worth $3,244,000 after buying an additional 439,013 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TAC shares. StockNews.com cut shares of TransAlta from a "strong-buy" rating to a "buy" rating in a report on Wednesday, September 25th. Desjardins initiated coverage on shares of TransAlta in a research note on Wednesday, October 30th. They issued a "buy" rating on the stock.

TransAlta Stock Performance

Shares of TAC traded up $0.02 during mid-day trading on Monday, hitting $10.29. The stock had a trading volume of 1,071,772 shares, compared to its average volume of 746,902. TransAlta Co. has a fifty-two week low of $5.94 and a fifty-two week high of $10.73. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 3.43. The company has a market cap of $3.07 billion, a PE ratio of 6.87 and a beta of 0.92. The company's fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $8.18.

TransAlta (NYSE:TAC - Get Free Report) TSE: TA last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.08. The firm had revenue of $425.37 million during the quarter. TransAlta had a net margin of 18.41% and a return on equity of 47.71%. During the same period in the prior year, the firm earned $0.17 EPS. On average, equities analysts expect that TransAlta Co. will post 0.69 earnings per share for the current year.

TransAlta Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Sunday, December 1st will be issued a $0.044 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Friday, November 29th. TransAlta's dividend payout ratio (DPR) is presently 11.26%.

TransAlta Profile

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.