Public Sector Pension investment Board lessened its position in shares of TransAlta Corporation (NYSE:TAC) (TSE:TA) by 11.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,595,415 shares of the utilities provider’s stock after selling 199,600 shares during the period. Public Sector Pension investment Board owned approximately 0.55% of TransAlta Corporation worth $10,184,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. World Asset Management Inc boosted its holdings in shares of TransAlta Corporation by 0.4% during the first quarter. World Asset Management Inc now owns 17,762 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 66 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of TransAlta Corporation by 9.9% during the first quarter. Parametric Portfolio Associates LLC now owns 30,854 shares of the utilities provider’s stock worth $180,000 after acquiring an additional 2,787 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TransAlta Corporation by 21.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,818 shares of the utilities provider’s stock worth $146,000 after acquiring an additional 4,088 shares during the period. Wellington Management Group LLP bought a new stake in shares of TransAlta Corporation during the first quarter worth approximately $110,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of TransAlta Corporation by 25.3% during the second quarter. Advisors Asset Management Inc. now owns 110,563 shares of the utilities provider’s stock worth $708,000 after acquiring an additional 22,353 shares during the period. Institutional investors own 50.62% of the company’s stock.

Shares of TransAlta Corporation (NYSE TAC) opened at 5.95 on Friday. TransAlta Corporation has a one year low of $3.75 and a one year high of $6.60. The stock’s 50 day moving average price is $6.26 and its 200-day moving average price is $5.85. The company has a market cap of $1.71 billion, a PE ratio of 69.19 and a beta of 0.72.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 1st will be paid a dividend of $0.0314 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.13 annualized dividend and a dividend yield of 2.11%. This is a positive change from TransAlta Corporation’s previous quarterly dividend of $0.03. TransAlta Corporation’s dividend payout ratio (DPR) is presently 144.46%.

A number of brokerages have recently issued reports on TAC. BidaskClub upgraded TransAlta Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Zacks Investment Research cut TransAlta Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Six equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

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TransAlta Corporation 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 Corporation (NYSE:TAC)

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