Iat Reinsurance Co. LTD. Purchases 260,000 Shares of Tennessee Valley Authority PARRS A 2029 $TVE

Iat Reinsurance Co. LTD. raised its position in shares of Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 520,000 shares of the company’s stock after purchasing an additional 260,000 shares during the period. Tennessee Valley Authority PARRS A 2029 accounts for 2.6% of Iat Reinsurance Co. LTD.’s investment portfolio, making the stock its 12th largest holding. Iat Reinsurance Co. LTD.’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $12,267,000 at the end of the most recent reporting period.

Separately, Nvwm LLC bought a new stake in shares of Tennessee Valley Authority PARRS A 2029 during the 2nd quarter valued at $117,000.

Tennessee Valley Authority PARRS A 2029 Stock Performance

TVE opened at $24.54 on Monday. The firm’s fifty day moving average is $24.42 and its 200 day moving average is $24.07. Tennessee Valley Authority PARRS A 2029 has a fifty-two week low of $22.25 and a fifty-two week high of $24.73.

Tennessee Valley Authority PARRS A 2029 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a $86.5625 dividend. The ex-dividend date was Friday, January 30th. This is a positive change from Tennessee Valley Authority PARRS A 2029’s previous quarterly dividend of $0.14. This represents a $346.25 annualized dividend and a dividend yield of 1,411.2%.

Tennessee Valley Authority PARRS A 2029 Profile

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.