TransAlta Corp. Plans Quarterly Dividend of $0.03 (TAC)
TransAlta Corp. (NYSE:TAC) announced a quarterly dividend on Tuesday, October 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of TransAlta Corp. (NYSE:TAC) traded up 2.24% during midday trading on Tuesday, hitting $4.57. 65,326 shares of the stock were exchanged. TransAlta Corp. has a 12-month low of $2.54 and a 12-month high of $5.62. The firm has a market cap of $1.32 billion, a PE ratio of 8.00 and a beta of 0.56. The firm has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.82.
Separately, Zacks Investment Research lowered shares of TransAlta Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, August 13th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $6.19.
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Several large investors have recently modified their holdings of the company. Highbridge Capital Management LLC bought a new stake in shares of TransAlta Corp. during the second quarter valued at 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 valued at $223,000 after buying an additional 23,067 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of TransAlta Corp. during the second quarter valued at 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 valued at $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 valued at $125,000 after buying an additional 9,658 shares during the last quarter. Institutional investors own 41.90% of the company’s stock.
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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