TransAlta Co. (NYSE:TAC) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. decreased its holdings in TransAlta Co. (NYSE:TAC - Free Report) TSE: TA by 69.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 185,964 shares of the utilities provider's stock after selling 415,429 shares during the quarter. Triasima Portfolio Management inc. owned about 0.06% of TransAlta worth $1,549,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TAC. Pacifica Partners Inc. raised its position in TransAlta by 766.3% in the third quarter. Pacifica Partners Inc. now owns 3,465 shares of the utilities provider's stock worth $30,000 after acquiring an additional 3,065 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in TransAlta in the third quarter valued at $33,000. Tower Research Capital LLC TRC grew its holdings in TransAlta by 234.6% in the third quarter. Tower Research Capital LLC TRC now owns 4,367 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 3,062 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in TransAlta by 153.2% in the first quarter. 1832 Asset Management L.P. now owns 5,497 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 3,326 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in TransAlta in the third quarter valued at $88,000. Hedge funds and other institutional investors own 59.00% of the company's stock.

TransAlta Price Performance

Shares of TAC traded down $0.11 during trading hours on Friday, reaching $6.06. 740,934 shares of the company traded hands, compared to its average volume of 825,419. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $1.86 billion, a PE ratio of 3.31 and a beta of 0.83. TransAlta Co. has a fifty-two week low of $6.00 and a fifty-two week high of $10.40. The stock has a fifty day simple moving average of $6.66 and a 200 day simple moving average of $7.52.

TransAlta (NYSE:TAC - Get Free Report) TSE: TA last posted its quarterly earnings data on Friday, February 23rd. The utilities provider reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). The company had revenue of $624.00 million for the quarter, compared to analyst estimates of $305.79 million. TransAlta had a net margin of 20.05% and a return on equity of 48.42%. The firm's revenue was down 26.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.45) EPS. As a group, research analysts predict that TransAlta Co. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered TransAlta from a "strong-buy" rating to a "buy" rating in a report on Friday, January 12th.

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.