TransAlta Co. (NYSE:TAC) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its stake in shares of TransAlta Co. (NYSE:TAC) (TSE:TA) by 9.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,372 shares of the utilities provider’s stock after selling 3,351 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in TransAlta were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mirabella Financial Services LLP acquired a new position in TransAlta during the 3rd quarter worth $773,000. Royal Bank of Canada increased its holdings in shares of TransAlta by 1.5% in the 3rd quarter. Royal Bank of Canada now owns 39,322,839 shares of the utilities provider’s stock valued at $342,110,000 after acquiring an additional 581,454 shares during the last quarter. Rubric Capital Management LP increased its holdings in shares of TransAlta by 28.6% in the 3rd quarter. Rubric Capital Management LP now owns 4,404,844 shares of the utilities provider’s stock valued at $38,322,000 after acquiring an additional 978,354 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of TransAlta by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,381,544 shares of the utilities provider’s stock valued at $72,919,000 after acquiring an additional 82,419 shares during the last quarter. Finally, AMH Equity Ltd purchased a new position in shares of TransAlta in the 3rd quarter valued at about $2,913,000. 59.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th.

TransAlta Trading Up 0.6 %

TAC opened at $6.49 on Tuesday. TransAlta Co. has a one year low of $5.94 and a one year high of $10.40. The company has a market cap of $1.99 billion, a P/E ratio of 3.55 and a beta of 0.83. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.82 and a current ratio of 0.91. The business’s 50-day simple moving average is $6.58 and its 200-day simple moving average is $7.43.

TransAlta (NYSE:TAC) (TSE:TA) last announced its earnings results on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $624.00 million during the quarter, compared to analyst estimates of $305.79 million. TransAlta had a net margin of 20.05% and a return on equity of 48.42%. The firm’s revenue for the quarter was down 26.9% compared to the same quarter last year. During the same period last year, the company earned ($0.45) earnings per share. As a group, equities research analysts expect that TransAlta Co. will post 0.5 EPS for the current fiscal year.

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.