Bullboard - Stock Discussion Forum TransAlta Corp TACPF

Primary Symbol: T.TA Alternate Symbol(s): TAC | T.TA.PR.E | TRNTF | T.TA.PR.D | T.TA.PR.F | TSLTF | T.TA.PR.H | T.TA.PR.J | T.TA.PR.G

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TransAlta Corporation owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia. It provides municipalities, medium and large industries, businesses and utility customers with affordable, energy-efficient and reliable power. It also produces wind power and hydro-electric power. Its segments include Hydro, Wind & Solar, Gas... see more

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TSX:TA - Post Discussion

TransAlta Corp > Stock got hosed today down 3.00%+

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Post by pennydredful on Oct 02, 2023 4:31pm

Stock got hosed today down 3.00%+

I guess the market sees the pending overhang or should I say hangover of shares coming from RNW

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Comment by rustyblades on Oct 02, 2023 5:22pm

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 ...more

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