Should I buy or sell TransAlta stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TAC shares. View TAC analyst ratings or view top-rated stocks .

How have TAC shares performed in 2024?

TransAlta's stock was trading at $8.31 at the beginning of the year. Since then, TAC shares have decreased by 25.2% and is now trading at $6.22. View the best growth stocks for 2024 here .

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024. View our TAC earnings forecast .

How can I listen to TransAlta's earnings call?

TransAlta will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) released its earnings results on Friday, February, 23rd. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by $0.30. The utilities provider earned $624 million during the quarter, compared to the consensus estimate of $305.79 million. TransAlta had a net margin of 20.05% and a trailing twelve-month return on equity of 48.42%. The company's revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.45) EPS.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?

TransAlta announced a quarterly dividend on Wednesday, November 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.0437 per share on Monday, April 1st. This represents a $0.17 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.04. Read our dividend analysis for TAC .

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 8.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 30.19% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TAC .

What ETF holds TransAlta's stock?

SPDR S&P Kensho Clean Power ETF holds 283,606 shares of TAC stock, representing 0.87% of its portfolio.

What is Dawn Farrell's approval rating as TransAlta's CEO?

78 employees have rated TransAlta Chief Executive Officer Dawn Farrell on Glassdoor.com . Dawn Farrell has an approval rating of 9% among the company's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA) , Bristol-Myers Squibb (BMY) , Advanced Micro Devices (AMD) , AT&T (T) , Enbridge (ENB) , General Motors (GM) , Verizon Communications (VZ) , Ford Motor (F) , General Electric (GE) and Pfizer (PFE) .

Who are TransAlta's major shareholders?

TransAlta's stock is owned by many different institutional and retail investors. Top institutional investors include NBC Securities Inc. (0.00%). View institutional ownership trends .

How do I buy shares of TransAlta?

Shares of TAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:TAC

TransAlta (TAC) Stock Price, News & Analysis

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Free TAC Stock Alerts

$6.22

+0.11 (+1.80%)

(As of 04/17/2024 ET)

Compare

Today's Range: $6.14
▼
$6.26
50-Day Range: $6.07
▼
$7.33
52-Week Range: $5.94
▼
$10.40

Volume: 1.04 million shs
Average Volume: 691,345 shs
Market Capitalization: $1.91 billion

P/E Ratio: 3.40
Dividend Yield: 2.57%
Price Target: N/A

Get TransAlta alerts:

TransAlta MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
1.08% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.18
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.00%
From $0.50 to $0.53 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.99 out of 5 stars

Utilities Sector

56th out of 94 stocks

Electric Services Industry

25th out of 41 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for TransAlta.

4.0

Short Interest

Percentage of Shares Shorted
1.08% of the float of TransAlta has been sold short.
Short Interest Ratio / Days to Cover
TransAlta has a short interest ratio ("days to cover") of 4.7.
Change versus previous month
Short interest in TransAlta has recently decreased by 11.70%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
TransAlta pays a meaningful dividend of 2.60%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
TransAlta does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of TransAlta is 8.74%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, TransAlta will have a dividend payout ratio of 30.19% next year. This indicates that TransAlta will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TAC.

2.9

News and Social Media Coverage

News Sentiment
TransAlta has a news sentiment score of 0.18. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for TransAlta this week, compared to 1 article on an average week.
Search Interest
13 people have searched for TAC on MarketBeat in the last 30 days. This is an increase of 86% compared to the previous 30 days.
MarketBeat Follows
9 people have added TransAlta to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta insiders have not sold or bought any company stock.
Percentage Held by Insiders
13.10% of the stock of TransAlta is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.00% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for TransAlta are expected to grow by 6.00% in the coming year, from $0.50 to $0.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta is 3.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta is 3.40, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 77.88.
Price to Book Value per Share Ratio
TransAlta has a P/B Ratio of 3.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About TransAlta Stock (NYSE:TAC)

TransAlta Corporation engages in the development, production, and sale of electric energy. It operates through Hydro, Wind and Solar, Gas, Energy Transition, and Energy Marketing segments. The Hydro segment holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 2,057 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

TAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TAC Stock News Headlines

April 13, 2024 | investing.com

TransAlta appoints new CFO as Todd Stack announces retirement

April 13, 2024 | nasdaq.com

TransAlta Corp is Now Oversold (TAC)

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April 12, 2024 | americanbankingnews.com

TransAlta (NYSE:TAC) Hits New 1-Year Low at $6.10

April 11, 2024 | finanznachrichten.de

TransAlta Corporation: TransAlta Announces Retirement of CFO and Appointment of New CFO

April 11, 2024 | marketwatch.com

TransAlta Taps Joel Hunter to CFO Role, Succeeds retiring CFO Todd Stack

April 11, 2024 | markets.businessinsider.com

TransAlta Appoints Joel Hunter As CFO

April 11, 2024 | globenewswire.com

TransAlta Announces Retirement of CFO and Appointment of New CFO

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April 2, 2024 | investorplace.com

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March 28, 2024 | msn.com

Taking a Wait-and-See Approach to TransAlta (NYSE:TAC) Seems Prudent

March 28, 2024 | prnewswire.com

Media Advisory: TransAlta Annual Meeting of Shareholders and First Quarter 2024 Results and Conference Call

March 24, 2024 | investing.com

TransAlta initiates automatic share buyback plan

March 21, 2024 | investorplace.com

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March 13, 2024 | seekingalpha.com

SunPower: Major Difficulties For An Unscalable Business

March 7, 2024 | seekingalpha.com

TransAlta: The Transition Must Accelerate

March 5, 2024 | investorplace.com

7 Cheap Dividend Stocks to Grab for Under $20 This March

February 27, 2024 | finance.yahoo.com

TransAlta Corporation (NYSE:TAC) Q4 2023 Earnings Call Transcript

February 26, 2024 | msn.com

HTOO and TAC are among utility movers

February 23, 2024 | seekingalpha.com

TransAlta Corporation 2023 Q4 - Results - Earnings Call Presentation

February 23, 2024 | finanznachrichten.de

TransAlta Corporation: TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program

February 23, 2024 | theglobeandmail.com

TransAlta reports $84-million quarterly loss compared with $163-million loss a year earlier

February 23, 2024 | washingtonpost.com

TransAlta: Q4 Earnings Snapshot

February 23, 2024 | finance.yahoo.com

TransAlta Reports Full Year and Fourth Quarter 2023 Results and Announces Enhanced Share Repurchase Program

February 21, 2024 | investorplace.com

7 Rock-Solid Utility Stocks to Power Your Portfolio for the Long Haul

February 21, 2024 | wsj.com

Transalta Corp.

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Company Calendar

Last Earnings: 2/23/2024
Ex-Dividend for 4/1 Dividend: 2/29/2024
Dividend Payable: 4/01/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/03/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Utilities
Industry: Electric services
Sub-Industry: N/A
Current Symbol: NYSE:TAC
CUSIP: N/A
CIK: 1144800
Web: www.transalta.com
Phone: (403) 267-7110
Fax: 1-403-267-7405
Employees: 1,257
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $1.83
Trailing P/E Ratio: 3.34
Forward P/E Ratio: 12.22
P/E Growth: N/A
Net Income: $514.86 million
Net Margins: 20.05%
Pretax Margin: 26.23%
Return on Equity: 48.42%
Return on Assets: 6.52%

Debt

Debt-to-Equity Ratio: 4.06
Current Ratio: 0.91
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $2.49 billion
Price / Sales: 0.75
Cash Flow: $2.90 per share
Price / Cash Flow: 2.11
Book Value: $1.73 per share
Price / Book: 3.53

Miscellaneous

Outstanding Shares: 306,830,000
Free Float: 266,639,000
Market Cap: $1.87 billion
Optionable: Optionable
Beta: 0.83

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Key Executives

Mr. John Harry Kousinioris (Age 58)
President, CEO & Director
Comp: $1.7M
Mr. Todd John Stack (Age 56)
Executive VP of Finance & CFO
Comp: $762.83k
Ms. Jane Nyla Fedoretz
Executive VP of People & Culture and Chief Administrative Officer
Ms. Kerry O'Reilly Wilks (Age 45)
Executive Vice President of Growth & Energy Marketing
Comp: $828.69k
Mr. Chris Fralick
Executive Vice President of Generation
Chiara Valentini
Manager of Investor Relations
Ms. Stacey Hatcher
Manager of Communications
Ms. Maria Perry
MD of People & Talent
Mr. Aron John Willis (Age 49)
Executive Vice President of Project Delivery & Construction
Comp: $624.25k
Mr. Gary Woods
Managing Director of Gas & Renewables

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TAC Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" TAC shares.
View TAC analyst ratings or view top-rated stocks.
How have TAC shares performed in 2024?: TransAlta's stock was trading at $8.31 at the beginning of the year. Since then, TAC shares have decreased by 25.2% and is now trading at $6.22.
View the best growth stocks for 2024 here.
When is TransAlta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our TAC earnings forecast.
How can I listen to TransAlta's earnings call?: TransAlta will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were TransAlta's earnings last quarter?: TransAlta Co. (NYSE:TAC) released its earnings results on Friday, February, 23rd. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by $0.30. The utilities provider earned $624 million during the quarter, compared to the consensus estimate of $305.79 million. TransAlta had a net margin of 20.05% and a trailing twelve-month return on equity of 48.42%. The company's revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.45) EPS.
How often does TransAlta pay dividends? What is the dividend yield for TransAlta?: TransAlta announced a quarterly dividend on Wednesday, November 22nd. Shareholders of record on Friday, March 1st will be paid a dividend of $0.0437 per share on Monday, April 1st. This represents a $0.17 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TAC.

Is TransAlta a good dividend stock?: TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 8.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 30.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.
What ETF holds TransAlta's stock?: SPDR S&P Kensho Clean Power ETF holds 283,606 shares of TAC stock, representing 0.87% of its portfolio.
What is Dawn Farrell's approval rating as TransAlta's CEO?: 78 employees have rated TransAlta Chief Executive Officer Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among the company's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of TransAlta own?: Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Bristol-Myers Squibb (BMY), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).
Who are TransAlta's major shareholders?: TransAlta's stock is owned by many different institutional and retail investors. Top institutional investors include NBC Securities Inc. (0.00%).
View institutional ownership trends.
How do I buy shares of TransAlta?: Shares of TAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TAC) was last updated on 4/17/2024 by MarketBeat.com Staff

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