TransAlta (TSE:TA) has released an update.
TransAlta Corporation has initiated an Automatic Share Purchase Plan (ASPP) to facilitate the repurchase of its shares as part of its ongoing share buyback program, citing the share price may not reflect the intrinsic value of the company. TransAlta, a major Canadian energy producer, is leveraging its robust cash flow to enhance shareholder returns, including a quarterly dividend and buybacks, having already repurchased shares worth approximately $102 million since the start of the year. The ASPP will allow share repurchases during periods when the company typically could not buy shares, aiming to cancel the acquired shares to potentially increase stock value.
For further insights into TSE:TA stock, check out TipRanks’ Stock Analysis page.
