250,000 Shares in TransAlta Corporation $TAC Purchased by Polar Asset Management Partners Inc.

Posted by George Bondi on Aug 26th, 2026

Polar Asset Management Partners Inc. purchased a new stake in TransAlta Corporation (NYSE:TAC – Free Report) (TSE:TA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 250,000 shares of the utilities provider’s stock, valued at approximately $3,453,000. Polar Asset Management Partners Inc. owned approximately 0.08% of TransAlta at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TAC. Rubric Capital Management LP grew its holdings in shares of TransAlta by 32.9% during the second quarter. Rubric Capital Management LP now owns 15,948,451 shares of the utilities provider’s stock worth $172,084,000 after purchasing an additional 3,948,451 shares during the last quarter. Norges Bank acquired a new stake in TransAlta in the fourth quarter worth about $45,298,000. Sculptor Capital LP acquired a new stake in TransAlta in the fourth quarter worth about $37,958,000. Bank of Montreal Can raised its holdings in TransAlta by 27.5% during the 4th quarter. Bank of Montreal Can now owns 13,295,335 shares of the utilities provider’s stock worth $168,163,000 after purchasing an additional 2,870,026 shares during the last quarter. Finally, Value Aligned Research Advisors LLC acquired a new position in TransAlta during the 1st quarter valued at about $34,128,000. 59.00% of the stock is currently owned by institutional investors and hedge funds.

TransAlta Trading Up 1.1%

Shares of NYSE TAC opened at $12.23 on Wednesday. The company’s fifty day moving average is $13.25 and its 200-day moving average is $13.15. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -67.97 and a beta of 0.70. TransAlta Corporation has a twelve month low of $11.38 and a twelve month high of $17.88. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 3.64.

TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) last released its quarterly earnings data on Friday, July 31st. The utilities provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $342.85 million during the quarter, compared to analysts’ expectations of $379.54 million. TransAlta had a negative net margin of 2.76% and a positive return on equity of 8.85%. Equities research analysts predict that TransAlta Corporation will post 0.21 EPS for the current year.

TransAlta Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.3%. TransAlta’s dividend payout ratio (DPR) is currently -111.11%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TAC. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of TransAlta in a research note on Friday, July 17th. TD Securities reaffirmed a “buy” rating on shares of TransAlta in a research note on Thursday, May 7th. Scotiabank raised TransAlta to a “strong-buy” rating in a research note on Wednesday, June 10th. BMO Capital Markets restated an “outperform” rating on shares of TransAlta in a report on Monday, August 3rd. Finally, TD Cowen began coverage on TransAlta in a research report on Wednesday, June 10th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.50.

Check Out Our Latest Research Report on TAC

TransAlta Company Profile

(Free Report)

TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

The company’s core business activities encompass power generation, asset management and energy trading services.