Campbell & CO Investment Adviser LLC Makes New $403,000 Investment in TransAlta Co. (NYSE:TAC)

Campbell & CO Investment Adviser LLC acquired a new position in shares of TransAlta Co. (NYSE:TACFree Report) (TSE:TA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 48,473 shares of the utilities provider’s stock, valued at approximately $403,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in TransAlta by 1.5% during the 3rd quarter. Royal Bank of Canada now owns 39,322,839 shares of the utilities provider’s stock worth $342,110,000 after acquiring an additional 581,454 shares during the last quarter. Vanguard Group Inc. grew its holdings in TransAlta by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,381,544 shares of the utilities provider’s stock worth $72,919,000 after acquiring an additional 82,419 shares during the last quarter. Mackenzie Financial Corp grew its holdings in TransAlta by 2.4% during the 4th quarter. Mackenzie Financial Corp now owns 6,370,416 shares of the utilities provider’s stock worth $53,007,000 after acquiring an additional 149,378 shares during the last quarter. Rubric Capital Management LP grew its holdings in TransAlta by 28.6% during the 3rd quarter. Rubric Capital Management LP now owns 4,404,844 shares of the utilities provider’s stock worth $38,322,000 after acquiring an additional 978,354 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of TransAlta by 23.4% in the 4th quarter. National Bank of Canada FI now owns 4,199,245 shares of the utilities provider’s stock valued at $34,612,000 after purchasing an additional 796,503 shares during the last quarter. Institutional investors own 59.00% of the company’s stock.

TransAlta Stock Up 1.4 %

Shares of NYSE TAC opened at $7.28 on Tuesday. The firm has a market capitalization of $2.21 billion, a PE ratio of 4.70 and a beta of 0.87. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 2.95. TransAlta Co. has a 1 year low of $5.94 and a 1 year high of $10.40. The firm’s 50-day moving average is $6.81 and its 200-day moving average is $7.18.

TransAlta (NYSE:TACGet Free Report) (TSE:TA) last issued its earnings results on Friday, May 3rd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.40. The company had revenue of $702.47 million for the quarter. TransAlta had a net margin of 18.70% and a return on equity of 45.47%. Equities analysts expect that TransAlta Co. will post 0.72 EPS for the current year.

TransAlta Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 1st will be paid a $0.0438 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio (DPR) is 10.97%.

TransAlta Profile

(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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Institutional Ownership by Quarter for TransAlta (NYSE:TAC)

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