TransAlta Co. (NYSE:TAC - Get Free Report) TSE: TA shares saw strong trading volume on Friday . 1,726,191 shares traded hands during trading, an increase of 122% from the previous session's volume of 778,650 shares.The stock last traded at $13.41 and had previously closed at $12.79.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. StockNews.com cut shares of TransAlta from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 6th. Desjardins reaffirmed a "hold" rating on shares of TransAlta in a research note on Wednesday, November 6th. Finally, Scotiabank upgraded TransAlta to a "strong-buy" rating in a report on Thursday.
View Our Latest Stock Analysis on TransAlta
TransAlta Stock Up 5.4 %
The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 36.43 and a beta of 0.91. The stock has a 50 day simple moving average of $10.62 and a 200 day simple moving average of $8.86. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 2.94.
TransAlta Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be issued 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 1.31%. TransAlta's payout ratio is 45.95%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. increased its holdings in TransAlta by 1,381.5% during 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 in the last quarter. Financial Management Professionals Inc. bought a new stake in TransAlta during the third quarter worth $42,000. Quantbot Technologies LP purchased a new stake in TransAlta in the 3rd quarter valued at $61,000. Mather Group LLC. bought a new position in TransAlta during the 2nd quarter valued at $64,000. Finally, Evergreen Capital Management LLC purchased a new position in TransAlta during the 2nd quarter worth $72,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.
TransAlta Company Profile
(
Get 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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