Bayesian Capital Management LP Grows Stock Holdings in TransAlta Co. (NYSE:TAC)

Bayesian Capital Management LP raised its stake in TransAlta Co. (NYSE:TAC) (TSE:TA) by 105.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,570 shares of the utilities provider’s stock after buying an additional 11,600 shares during the period. Bayesian Capital Management LP’s holdings in TransAlta were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TransAlta in the 1st quarter worth approximately $2,246,000. Acadian Asset Management LLC lifted its position in shares of TransAlta by 71.9% in the 1st quarter. Acadian Asset Management LLC now owns 643,988 shares of the utilities provider’s stock worth $4,131,000 after purchasing an additional 269,444 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of TransAlta in the 1st quarter worth approximately $3,779,000. Quantbot Technologies LP lifted its position in shares of TransAlta by 26.1% in the 1st quarter. Quantbot Technologies LP now owns 38,912 shares of the utilities provider’s stock worth $250,000 after purchasing an additional 8,058 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of TransAlta in the 1st quarter worth approximately $66,000. 59.00% of the stock is owned by hedge funds and other institutional investors.

TransAlta Price Performance

Shares of TAC opened at $8.15 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.62 and a current ratio of 0.69. The stock has a market capitalization of $2.45 billion, a PE ratio of 5.26 and a beta of 0.88. The company has a 50 day moving average price of $7.14 and a 200-day moving average price of $6.94. TransAlta Co. has a fifty-two week low of $5.94 and a fifty-two week high of $10.40.

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

TransAlta Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 1st will be paid a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s payout ratio is 11.61%.

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.