Healthcare of Ontario Pension Plan Trust Fund Takes Position in TransAlta Co. (NYSE:TAC)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TransAlta Co. (NYSE:TAC) (TSE:TA) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 350,000 shares of the utilities provider’s stock, valued at approximately $2,246,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.11% of TransAlta at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TAC. Vanguard Group Inc. grew its position in shares of TransAlta by 1.0% in the third quarter. Vanguard Group Inc. now owns 8,381,544 shares of the utilities provider’s stock valued at $72,919,000 after purchasing an additional 82,419 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its position in TransAlta by 6.0% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 144,925 shares of the utilities provider’s stock worth $1,208,000 after buying an additional 8,150 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in TransAlta during the fourth quarter worth approximately $198,000. Heronetta Management L.P. acquired a new stake in TransAlta during the fourth quarter worth approximately $557,000. Finally, Mackenzie Financial Corp grew its position in TransAlta by 2.4% during the fourth quarter. Mackenzie Financial Corp now owns 6,370,416 shares of the utilities provider’s stock worth $53,007,000 after buying an additional 149,378 shares in the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

TransAlta Price Performance

NYSE:TAC traded up $0.10 during trading hours on Thursday, reaching $7.34. 703,825 shares of the company were exchanged, compared to its average volume of 741,102. The company has a market capitalization of $2.22 billion, a P/E ratio of 4.67 and a beta of 0.89. TransAlta Co. has a 1-year low of $5.94 and a 1-year high of $10.40. The company has a debt-to-equity ratio of 2.95, a current ratio of 0.69 and a quick ratio of 0.62. The business has a 50 day moving average of $7.10 and a 200 day moving average of $6.95.

TransAlta (NYSE:TAC) (TSE:TA) last issued its quarterly earnings results on Friday, May 3rd. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.40. The business had revenue of $702.47 million for the quarter. TransAlta had a return on equity of 45.47% and a net margin of 18.70%. Research analysts forecast that TransAlta Co. will post 0.72 EPS for the current year.

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.