TransAlta Corp T.TA.PR.F

Big buying going on for this stock last week and

[coolfooldumbguy]

It is continuing this week,so glta shareholders.

[wkrpradio]

The Fed lowering by .5 % has a lot of people buying utilities. CPX has moved a lot in the past week also. 

[coolfooldumbguy]

You are correct that the utility stocks are popular right now, so that shareholders are looking for slow and steady stocks for safety and income in these turbulent times,so glta.

[Alim33]

Did you say slow? Up over 50% in the last 6 months.

[downwithdotcom1]

nope , not exactly buying the UTILITY sector story for TA..using CPX as an example, they just raised their divi again but inspite of a 20% increase in their shareprice they still pay north of a 5% dividend .. and this stock, TA, is up more than 30% since July, hardly slow, having NOT increased their divi...i feel this is more company specific-maybe some one accumulating??? they will have to

[rustyblades]

TA will be increasing their dividend in December, but you're right. Whoever is buying is not buying for the income. My guess (pure speculation) is an imment deal between TA and a large data center moving to Alberta. TA started to move at the end of July when the possibilty of Alberta electricity for data centers was mentioned in a TD morning call report.