Iat Reinsurance Co. LTD. Grows Stock Holdings in Tennessee Valley Authority PARRS A 2029 $TVE

Iat Reinsurance Co. LTD. increased its stake in Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) by 100.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 520,000 shares of the company’s stock after purchasing an additional 260,000 shares during the quarter. Tennessee Valley Authority PARRS A 2029 accounts for 2.6% of Iat Reinsurance Co. LTD.’s portfolio, making the stock its 12th largest position. Iat Reinsurance Co. LTD.’s holdings in Tennessee Valley Authority PARRS A 2029 were worth $12,267,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Nvwm LLC bought a new position 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 stock opened at $24.54 on Monday. Tennessee Valley Authority PARRS A 2029 has a 1 year low of $22.25 and a 1 year high of $24.73. The stock’s fifty day moving average price is $24.42 and its 200-day moving average price is $24.07.

Tennessee Valley Authority PARRS A 2029 Increases Dividend

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

About Tennessee Valley Authority PARRS A 2029

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.