Point72 Asset Management L.P. lessened its holdings in shares of TransAlta Co. (NYSE:TAC) (TSE:TA) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 475,000 shares of the utilities provider’s stock after selling 75,000 shares during the period. Point72 Asset Management L.P. owned about 0.16% of TransAlta worth $2,781,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of TransAlta during the 3rd quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TransAlta by 21.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,818 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 4,088 shares in the last quarter. Bank of Nova Scotia Trust Co. grew its position in shares of TransAlta by 6.0% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 26,375 shares of the utilities provider’s stock worth $169,000 after purchasing an additional 1,502 shares in the last quarter. ARP Americas LLC acquired a new position in shares of TransAlta during the 3rd quarter worth approximately $160,000. Finally, Parametric Portfolio Associates LLC grew its position in shares of TransAlta by 2.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 31,629 shares of the utilities provider’s stock worth $202,000 after purchasing an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 50.84% of the company’s stock.

TransAlta Co. (TAC) opened at $5.75 on Thursday. TransAlta Co. has a 52-week low of $5.00 and a 52-week high of $6.60. The stock has a market cap of $1,655.43, a P/E ratio of 143.75 and a beta of 0.76. The company has a current ratio of 1.07, a quick ratio of 0.92 and a debt-to-equity ratio of 0.81.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 1st will be given a dividend of $0.031 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.16%. TransAlta’s payout ratio is presently 240.05%.

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TransAlta 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.

Institutional Ownership by Quarter for TransAlta (NYSE:TAC)

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