TransAlta Co. (NYSE:TAC) Stock Holdings Lifted by Signaturefd LLC

Signaturefd LLC increased its position in shares of TransAlta Co. (NYSE:TAC) (TSE:TA) by 173.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,199 shares of the utilities provider’s stock after acquiring an additional 13,444 shares during the quarter. Signaturefd LLC’s holdings in TransAlta were worth $150,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in TransAlta during the 2nd quarter valued at $172,000. Blue Trust Inc. raised its position in TransAlta by 1,381.5% during the second quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider’s stock valued at $30,000 after buying an additional 3,951 shares during the period. Clear Harbor Asset Management LLC purchased a new stake in TransAlta in the 2nd quarter worth about $514,000. Mather Group LLC. acquired a new stake in TransAlta during the 2nd quarter worth about $64,000. Finally, Bayesian Capital Management LP grew its stake in TransAlta by 105.7% during the 1st quarter. Bayesian Capital Management LP now owns 22,570 shares of the utilities provider’s stock valued at $145,000 after acquiring an additional 11,600 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of TransAlta from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 28th.

TransAlta Trading Down 0.8 %

NYSE TAC opened at $8.80 on Tuesday. The company has a market capitalization of $2.63 billion, a PE ratio of 5.68 and a beta of 0.91. TransAlta Co. has a 1-year low of $5.94 and a 1-year high of $9.95. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 3.43. The firm’s fifty day simple moving average is $7.73 and its 200-day simple moving average is $7.12.

TransAlta (NYSE:TAC) (TSE:TA) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. The business had revenue of $425.37 million during the quarter. TransAlta had a return on equity of 47.71% and a net margin of 18.41%. During the same period in the previous year, the firm posted $0.17 EPS. As a group, sell-side analysts anticipate that TransAlta Co. will post 0.75 earnings per share for the current fiscal year.

TransAlta Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 1st will be issued a dividend of $0.044 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.00%. This is an increase from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio (DPR) is currently 10.97%.

TransAlta Company Profile

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.