Vertex One Asset Management buys $29,099,700 stake in TransAlta Corporation (USA) (TAC)

TransAlta Corporation (USA) (TAC) : Vertex One Asset Management scooped up 2,370,300 additional shares in TransAlta Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 6,466,600 shares of TransAlta Corporation (USA) which is valued at $29,099,700.TransAlta Corporation (USA) makes up approximately 4.68% of Vertex One Asset Management’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department sold out all of its stake in TAC during the most recent quarter. The investment firm sold 366,935 shares of TAC which is valued $1,651,208. Letko Brosseau Associates Inc sold out all of its stake in TAC during the most recent quarter. The investment firm sold 126,600 shares of TAC which is valued $598,818.Shell Asset Management Co boosted its stake in TAC in the latest quarter, The investment management firm added 4,800 additional shares and now holds a total of 24,400 shares of TransAlta Corporation (USA) which is valued at $115,168.Cibc World Markets boosted its stake in TAC in the latest quarter, The investment management firm added 29,634 additional shares and now holds a total of 901,248 shares of TransAlta Corporation (USA) which is valued at $4,208,828. TransAlta Corporation (USA) makes up approx 0.02% of Cibc World Markets’s portfolio.

TransAlta Corporation (USA) opened for trading at $4.4 and hit $4.47 on the upside on Monday, eventually ending the session at $4.46, with a gain of 1.83% or 0.08 points. The heightened volatility saw the trading volume jump to 29,782 shares. Company has a market cap of $1,284 M.

Investors should note that on Jul 19, 2016, TransAlta Corporation (USA) announced a cash dividend of $0.0400. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Oct 1, 2016.

TransAlta Corporation (TransAlta) is engaged in the production and sale of electric energy. The Company is organized into three business segments: Generation Energy Marketing and Corporate. The Generation segment is responsible for constructing operating and maintaining the Company’s electricity generation as well as the operation and maintenance of its related mining operations in Canada. The Energy Marketing segment is responsible for marketing its production through short-term and long-term contracts. The Energy Marketing segment also encompasses the management of available generating capacity as well as the fuel and transmission needs of the Generation business. The Corporate segment provides finance tax treasury legal regulatory environmental health and safety sustainable development corporate communications government and investor relations procurement information technology risk management human resources internal audit and other administrative services.

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