TD Asset Management Inc. decreased its holdings in TransAlta Co. (NYSE:TAC) (TSE:TA) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,557,176 shares of the utilities provider’s stock after selling 204,535 shares during the period. TD Asset Management Inc.’s holdings in TransAlta were worth $31,256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TAC. ARP Americas LP purchased a new stake in TransAlta in the 3rd quarter valued at about $149,000. Ramsey Quantitative Systems grew its holdings in TransAlta by 311.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 30,360 shares of the utilities provider’s stock valued at $171,000 after buying an additional 22,979 shares during the period. Suntrust Banks Inc. purchased a new stake in TransAlta in the 1st quarter valued at about $182,000. JPMorgan Chase & Co. grew its holdings in TransAlta by 3,708.0% in the 1st quarter. JPMorgan Chase & Co. now owns 35,567 shares of the utilities provider’s stock valued at $194,000 after buying an additional 34,633 shares during the period. Finally, Citadel Advisors LLC grew its holdings in TransAlta by 143.0% in the 2nd quarter. Citadel Advisors LLC now owns 41,396 shares of the utilities provider’s stock valued at $207,000 after buying an additional 24,359 shares during the period. Institutional investors own 56.20% of the company’s stock.

Shares of NYSE:TAC opened at $5.32 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.62 and a debt-to-equity ratio of 0.91. TransAlta Co. has a 1 year low of $4.75 and a 1 year high of $6.35.

Several analysts have commented on TAC shares. ValuEngine upgraded TransAlta from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded TransAlta from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a report on Friday, July 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $6.25.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/11/10/td-asset-management-inc-has-31-26-million-position-in-transalta-co-tac.html.

About TransAlta

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. The company operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate.

Further Reading: Why do company’s buyback their stock?

Want to see what other hedge funds are holding TAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransAlta Co. (NYSE:TAC) (TSE:TA).

Institutional Ownership by Quarter for TransAlta (NYSE:TAC)

Receive News & Ratings for TransAlta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAlta and related companies with MarketBeat.com's FREE daily email newsletter.