RE:Stock got hosed today down 3.00%+
The 3.5% drop is in line with the drop for all of the other utilities today. EMA -3.3%, INE -7.8%, AQN -4.9%, FTS -1.9%, BLX -4.7% etc. The drop is a general market drop and not related to the RNW takeout.
My own hope is that after the RNW deal closes and Q3 results are reported that TA boosts their dividend payout ratio to 40% with the dividend savings from RNW which had a very high payout ratio. A 40% ratio would be closer to what the other utilities are paying (excluding the high yield renewables such as INE) and should result in a positive move for the share price.
The danger of the current TA low share price is an opportunistic take-under by Brookfield.