TransAlta Co. (NYSE:TAC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in TransAlta Co. (NYSE:TAC) (TSE:TA) by 39.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,343 shares of the utilities provider’s stock after selling 121,156 shares during the period. Jane Street Group LLC owned about 0.06% of TransAlta worth $1,889,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. bought a new position in TransAlta during the 3rd quarter worth approximately $42,000. Quantbot Technologies LP bought a new position in TransAlta during the third quarter worth $61,000. Evergreen Capital Management LLC acquired a new position in TransAlta in the second quarter worth $72,000. Sage Rhino Capital LLC bought a new stake in TransAlta during the second quarter valued at $79,000. Finally, Entropy Technologies LP acquired a new stake in shares of TransAlta during the third quarter worth $130,000. 59.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Scotiabank raised shares of TransAlta to a “strong-buy” rating in a research report on Thursday, December 5th. StockNews.com cut TransAlta from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Desjardins restated a “hold” rating on shares of TransAlta in a research report on Wednesday, November 6th.

TransAlta Trading Up 0.2 %

TransAlta stock opened at $14.20 on Wednesday. TransAlta Co. has a 52-week low of $5.94 and a 52-week high of $14.64. The company has a quick ratio of 0.67, a current ratio of 0.74 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 38.38 and a beta of 0.91. The firm has a 50-day moving average price of $11.33 and a two-hundred day moving average price of $9.38.

TransAlta Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 1st will be given a dividend of $0.0423 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.17 annualized dividend and a dividend yield of 1.19%. TransAlta’s dividend payout ratio is presently 45.95%.

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.