18,760 Shares in TransAlta Co. (NYSE:TAC) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in TransAlta Co. (NYSE:TAC) (TSE:TA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,760 shares of the utilities provider’s stock, valued at approximately $194,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning lifted its holdings in shares of TransAlta by 6.9% during the third quarter. Creative Planning now owns 53,803 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 3,492 shares during the last quarter. Blue Trust Inc. lifted its stake in TransAlta by 1,381.5% in the 2nd quarter. Blue Trust Inc. now owns 4,237 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 3,951 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in TransAlta in the 3rd quarter worth about $42,000. Signaturefd LLC lifted its stake in TransAlta by 23.6% in the 3rd quarter. Signaturefd LLC now owns 26,207 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 5,008 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in TransAlta in the 2nd quarter worth about $64,000. Institutional investors own 59.00% of the company’s stock.

TransAlta Stock Down 1.6 %

Shares of TransAlta stock opened at $10.75 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. TransAlta Co. has a 1 year low of $5.94 and a 1 year high of $11.10. The stock has a 50-day moving average price of $10.27 and a 200 day moving average price of $8.54. The company has a market cap of $3.21 billion, a P/E ratio of 29.07 and a beta of 0.92.

TransAlta Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Sunday, December 1st will be given a $0.044 dividend. This represents a $0.18 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, November 29th. TransAlta’s payout ratio is currently 45.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TAC shares. StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th. Desjardins reissued a “hold” rating on shares of TransAlta in a research note on Wednesday, November 6th.

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.