Toronto Dominion Bank Decreases Stock Holdings in TransAlta Co. (NYSE:TAC)

Toronto Dominion Bank cut its holdings in TransAlta Co. (NYSE:TAC) (TSE:TA) by 18.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,295,763 shares of the utilities provider’s stock after selling 517,339 shares during the quarter. Toronto Dominion Bank owned 0.75% of TransAlta worth $14,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NBC Securities Inc. increased its stake in TransAlta by 156.3% during the first quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 2,500 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of TransAlta in the 4th quarter valued at approximately $33,000. Janney Montgomery Scott LLC purchased a new position in shares of TransAlta in the 1st quarter worth approximately $66,000. Calton & Associates Inc. bought a new position in shares of TransAlta during the 4th quarter valued at approximately $93,000. Finally, 1832 Asset Management L.P. raised its holdings in TransAlta by 50.3% during the 4th quarter. 1832 Asset Management L.P. now owns 11,576 shares of the utilities provider’s stock valued at $96,000 after buying an additional 3,876 shares during the period. 59.00% of the stock is owned by hedge funds and other institutional investors.

TransAlta Trading Down 0.2 %

NYSE TAC traded down $0.01 on Friday, hitting $7.33. 828,723 shares of the stock were exchanged, compared to its average volume of 742,118. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.62 and a current ratio of 0.69. TransAlta Co. has a 52-week low of $5.94 and a 52-week high of $10.40. The firm has a market capitalization of $2.22 billion, a P/E ratio of 4.73 and a beta of 0.89. The stock has a fifty day moving average price of $7.10 and a two-hundred day moving average price of $6.95.

TransAlta (NYSE:TAC) (TSE:TA) last released its earnings results on Friday, May 3rd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.40. TransAlta had a net margin of 18.70% and a return on equity of 45.47%. The firm had revenue of $702.47 million during the quarter. Research analysts forecast that TransAlta Co. will post 0.74 EPS for the current fiscal year.

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.