Quadrature Capital Ltd Invests $646,000 in TransAlta Co. (NYSE:TAC)

Quadrature Capital Ltd purchased a new stake in shares of TransAlta Co. (NYSE:TAC - Free Report) TSE: TA during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 62,300 shares of the utilities provider's stock, valued at approximately $646,000.

Other large investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP raised its position in TransAlta by 20.0% in the third quarter. Rubric Capital Management LP now owns 5,622,961 shares of the utilities provider's stock valued at $58,254,000 after purchasing an additional 935,803 shares during the period. Potrero Capital Research LLC purchased a new position in TransAlta during the third quarter worth about $5,088,000. Clayton Partners LLC boosted its stake in 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 during the period. FMR LLC increased its position in shares of TransAlta by 9.8% during the third quarter. FMR LLC now owns 4,593,023 shares of the utilities provider's stock valued at $47,613,000 after acquiring an additional 408,184 shares during the last quarter. Finally, Cinctive Capital Management LP purchased a new stake in shares of TransAlta in the 3rd quarter valued at approximately $4,031,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

TransAlta Stock Down 3.3 %

Shares of NYSE:TAC traded down $0.45 during trading on Monday, hitting $13.03. The company's stock had a trading volume of 1,744,534 shares, compared to its average volume of 787,838. TransAlta Co. has a fifty-two week low of $5.94 and a fifty-two week high of $13.97. The business has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $8.87. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74. The company has a market capitalization of $3.89 billion, a PE ratio of 36.43 and a beta of 0.91.

TransAlta Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 1st will be paid a dividend of $0.044 per share. The ex-dividend date is Friday, November 29th. This represents a $0.18 annualized dividend and a yield of 1.35%. TransAlta's payout ratio is 48.65%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TAC shares. StockNews.com lowered TransAlta from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 6th. Desjardins restated a "hold" rating on shares of TransAlta in a report on Wednesday, November 6th. Finally, Scotiabank upgraded shares of TransAlta to a "strong-buy" rating in a research note on Thursday.

About TransAlta

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.