TransAlta Corp. (NYSE:TAC) declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.0301 per share on Sunday, January 1st. This represents a $0.12 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 29th.
TransAlta Corp. (NYSE:TAC) opened at 4.57 on Wednesday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 8.00 and a beta of 0.56. TransAlta Corp. has a 52 week low of $2.54 and a 52 week high of $5.62. The firm’s 50-day moving average is $4.48 and its 200 day moving average is $4.82.
Large investors have recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new stake in shares of TransAlta Corp. during the second quarter worth approximately $253,000. Cubist Systematic Strategies LLC raised its stake in shares of TransAlta Corp. by 116.0% in the second quarter. Cubist Systematic Strategies LLC now owns 42,950 shares of the company’s stock worth $223,000 after buying an additional 23,067 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of TransAlta Corp. during the second quarter worth approximately $132,000. Vertex One Asset Management Inc. raised its stake in shares of TransAlta Corp. by 57.9% in the second quarter. Vertex One Asset Management Inc. now owns 6,466,600 shares of the company’s stock worth $33,461,000 after buying an additional 2,370,300 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of TransAlta Corp. by 66.4% in the second quarter. Citadel Advisors LLC now owns 24,200 shares of the company’s stock worth $125,000 after buying an additional 9,658 shares during the last quarter. Hedge funds and other institutional investors own 41.90% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of TransAlta Corp. from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Friday, August 12th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $6.19.
TransAlta Corp. Company Profile
TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,730 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. TransAlta is organized into seven segments: Canadian Coal, U.S.
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