Citigroup Inc. raised its stake in TransAlta Co. (NYSE:TAC) (TSE:TA) by 9.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,938 shares of the utilities provider’s stock after buying an additional 7,725 shares during the period. Citigroup Inc.’s holdings in TransAlta were worth $371,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Intact Investment Management Inc. boosted its position in TransAlta by 22.9% in the fourth quarter. Intact Investment Management Inc. now owns 1,355,300 shares of the utilities provider’s stock valued at $7,549,000 after buying an additional 252,800 shares in the last quarter. Vanguard Group Inc. boosted its position in TransAlta by 7.1% in the third quarter. Vanguard Group Inc. now owns 7,152,115 shares of the utilities provider’s stock valued at $40,255,000 after buying an additional 477,166 shares in the last quarter. Morgan Stanley boosted its position in TransAlta by 22.7% in the third quarter. Morgan Stanley now owns 1,163,665 shares of the utilities provider’s stock valued at $6,549,000 after buying an additional 215,047 shares in the last quarter. Jane Street Group LLC boosted its position in TransAlta by 285.9% in the third quarter. Jane Street Group LLC now owns 51,116 shares of the utilities provider’s stock valued at $288,000 after buying an additional 37,871 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in TransAlta by 40.2% in the third quarter. Renaissance Technologies LLC now owns 910,141 shares of the utilities provider’s stock valued at $5,122,000 after buying an additional 260,800 shares in the last quarter. Hedge funds and other institutional investors own 47.93% of the company’s stock.

A number of analysts have weighed in on TAC shares. National Bank Financial upgraded shares of TransAlta from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 23rd. TD Securities upgraded shares of TransAlta from a “hold” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group upgraded shares of TransAlta from an “underperform” rating to a “neutral” rating in a research report on Monday, March 18th. Zacks Investment Research upgraded shares of TransAlta from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Finally, ValuEngine upgraded shares of TransAlta from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. TransAlta has an average rating of “Buy” and an average price target of $6.75.

Shares of NYSE:TAC opened at $7.39 on Friday. The firm has a market cap of $2.02 billion, a PE ratio of -13.94 and a beta of 1.44. The company has a current ratio of 1.50, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98. TransAlta Co. has a 52 week low of $3.99 and a 52 week high of $7.48.

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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.

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Institutional Ownership by Quarter for TransAlta (NYSE:TAC)

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