Guardian Capital Advisors LP Lowers Holdings in TransAlta Co. (NYSE:TAC)

Guardian Capital Advisors LP cut its position in TransAlta Co. (NYSE:TAC) (TSE:TA) by 31.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,722 shares of the utilities provider’s stock after selling 50,605 shares during the quarter. Guardian Capital Advisors LP’s holdings in TransAlta were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. lifted its stake in TransAlta by 156.3% in the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 2,500 shares in the last quarter. Clayton Partners LLC raised its position in shares of TransAlta by 15.7% during the 4th quarter. Clayton Partners LLC now owns 18,546 shares of the utilities provider’s stock valued at $154,000 after buying an additional 2,517 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its position in shares of TransAlta by 2.3% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,300 shares of the utilities provider’s stock valued at $951,000 after buying an additional 3,375 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of TransAlta during the 4th quarter valued at $33,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

TransAlta Price Performance

Shares of TransAlta stock traded down $0.02 on Friday, hitting $7.32. 828,725 shares of the company traded hands, compared to its average volume of 615,508. The firm’s 50-day simple moving average is $7.10 and its 200 day simple moving average is $6.95. The company has a current ratio of 0.69, a quick ratio of 0.62 and a debt-to-equity ratio of 2.95. The company has a market cap of $2.21 billion, a P/E ratio of 4.73 and a beta of 0.89. TransAlta Co. has a 12-month low of $5.94 and a 12-month high of $10.40.

TransAlta (NYSE:TAC) (TSE:TA) last released its earnings results on Friday, May 3rd. The utilities provider reported $0.53 EPS for the quarter, beating 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 company had revenue of $702.47 million for the quarter. Analysts expect that TransAlta Co. will post 0.74 earnings per share for the current fiscal year.

TransAlta 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.