DekaBank Deutsche Girozentrale Has $81,000 Holdings in TransAlta Co. (NYSE:TAC)

DekaBank Deutsche Girozentrale lessened its holdings in TransAlta Co. (NYSE:TAC) (TSE:TA) by 48.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,650 shares of the utilities provider’s stock after selling 10,865 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in TransAlta were worth $81,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TAC. NBC Securities Inc. lifted its position in TransAlta by 156.3% during the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock worth $26,000 after buying an additional 2,500 shares in the last quarter. Clayton Partners LLC boosted its position in TransAlta by 15.7% during the fourth quarter. Clayton Partners LLC now owns 18,546 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 2,517 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in TransAlta by 2.3% during the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,300 shares of the utilities provider’s stock valued at $951,000 after purchasing an additional 3,375 shares during the last quarter. 1832 Asset Management L.P. grew its stake in TransAlta by 50.3% in the fourth quarter. 1832 Asset Management L.P. now owns 11,576 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 3,876 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of TransAlta by 1,381.5% during the 2nd quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 3,951 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a report on Monday, September 16th.

TransAlta Stock Up 5.4 %

TransAlta stock opened at $9.80 on Friday. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.84 and a quick ratio of 0.75. The company’s 50-day moving average is $8.32 and its 200-day moving average is $7.34. The firm has a market capitalization of $2.97 billion, a PE ratio of 6.32 and a beta of 0.91. TransAlta Co. has a fifty-two week low of $5.94 and a fifty-two week high of $9.90.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. TransAlta had a return on equity of 47.71% and a net margin of 18.41%. The firm had revenue of $425.37 million for the quarter. During the same quarter in the prior year, the company earned $0.17 EPS. Sell-side analysts anticipate that TransAlta Co. will post 0.75 earnings per share for the current year.

TransAlta Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 1st will be given a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a yield of 1.80%. This is a boost from TransAlta’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, August 30th. TransAlta’s payout ratio is 10.97%.

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.