Scotia Capital Inc. Has $3.64 Million Holdings in TransAlta Corporation (TAC)

Scotia Capital Inc. lowered its position in shares of TransAlta Corporation (NYSE:TAC) (TSE:TA) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 569,643 shares of the utilities provider’s stock after selling 5,687 shares during the quarter. Scotia Capital Inc. owned 0.20% of TransAlta Corporation worth $3,637,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Bank of Nova Scotia lifted its holdings in TransAlta Corporation by 201.8% during the second quarter. Bank of Nova Scotia now owns 519,860 shares of the utilities provider’s stock valued at $3,324,000 after purchasing an additional 347,596 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TransAlta Corporation by 2,971.4% during the second quarter. Goldman Sachs Group Inc. now owns 3,269,002 shares of the utilities provider’s stock valued at $20,922,000 after purchasing an additional 3,162,567 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its holdings in TransAlta Corporation by 6.0% during the second quarter. Bank of Nova Scotia Trust Co. now owns 26,375 shares of the utilities provider’s stock valued at $169,000 after purchasing an additional 1,502 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in TransAlta Corporation by 2.5% during the second quarter. Parametric Portfolio Associates LLC now owns 31,629 shares of the utilities provider’s stock valued at $202,000 after purchasing an additional 775 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in TransAlta Corporation by 5.4% during the second quarter. Vanguard Group Inc. now owns 5,855,411 shares of the utilities provider’s stock valued at $37,475,000 after purchasing an additional 298,315 shares in the last quarter. 50.62% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on TAC. BidaskClub raised shares of TransAlta Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of TransAlta Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Six investment analysts have rated the stock with a hold rating, TransAlta Corporation presently has an average rating of “Hold” and a consensus target price of $7.00.

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TransAlta Corporation (NYSE:TAC) traded down 0.84% during trading on Wednesday, hitting $5.90. 716 shares of the stock traded hands. The stock has a 50 day moving average price of $6.08 and a 200-day moving average price of $5.90. TransAlta Corporation has a 52-week low of $3.75 and a 52-week high of $6.60. The stock has a market cap of $1.70 billion, a P/E ratio of 69.41 and a beta of 0.71.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Friday, September 1st were given a dividend of $0.0314 per share. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. The ex-dividend date was Wednesday, August 30th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 2.11%. TransAlta Corporation’s dividend payout ratio (DPR) is 144.46%.

TransAlta Corporation Company Profile

TransAlta Corporation (TransAlta) is a non-regulated electricity generation and energy marketing company with an aggregate net ownership interest of approximately 8,720 megawatts of generating capacity. The Company is engaged in the production and sale of electric energy. It focuses on generating and marketing electricity in Canada, the United States and Western Australia through its diversified portfolio of facilities fuelled by coal, natural gas, diesel, hydro, wind and solar.

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

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