TAC - TransAlta: The Shareholders Have Spoken & TransAlta Closes On Initial Investment From Brookfield Renewable Partners
Introduction:
TransAlta (NYSE:TAC) is an electrical utility with a significant installed base in Alberta. It also has assets in the United States, Australia, and other Canadian provinces. TransAlta’s portfolio is comprised of coal and natural gas, as well as hydro, wind, and other renewables. In addition to trading on the NYSE, it is listed on the Toronto Stock Exchange under the symbol TA. The stock’s current yield is roughly 1.8%. The enterprise also offers half a dozen preferred shares for income focused investors, and is the parent company of TransAlta Renewables (OTC:TRSWF