Brokers Offer Predictions for TransAlta Co.’s Q4 2024 Earnings (NYSE:TAC)

TransAlta Co. (NYSE:TAC) (TSE:TA) – Stock analysts at Atb Cap Markets decreased their Q4 2024 earnings per share (EPS) estimates for shares of TransAlta in a research note issued on Sunday, May 5th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will post earnings per share of $0.08 for the quarter, down from their prior forecast of $0.10. The consensus estimate for TransAlta’s current full-year earnings is $0.51 per share. Atb Cap Markets also issued estimates for TransAlta’s Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.19 EPS, Q4 2025 earnings at $0.09 EPS and FY2025 earnings at $0.46 EPS.

Separately, StockNews.com downgraded TransAlta from a “strong-buy” rating to a “buy” rating in a report on Friday, January 12th.

TransAlta Stock Performance

Shares of TAC opened at $7.22 on Tuesday. TransAlta has a 52 week low of $5.94 and a 52 week high of $10.40. The company has a debt-to-equity ratio of 4.06, a quick ratio of 0.82 and a current ratio of 0.91. The stock has a 50 day moving average price of $6.54 and a two-hundred day moving average price of $7.32. The firm has a market capitalization of $2.22 billion, a P/E ratio of 4.66 and a beta of 0.83.

TransAlta (NYSE:TAC) (TSE:TA) last issued its quarterly earnings data on Friday, February 23rd. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). TransAlta had a net margin of 18.70% and a return on equity of 43.02%. The business had revenue of $624.00 million for the quarter, compared to analyst estimates of $305.79 million. During the same quarter in the prior year, the business earned ($0.45) earnings per share. The firm’s quarterly revenue was down 26.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quantbot Technologies LP grew its stake in TransAlta by 26.1% in the 1st quarter. Quantbot Technologies LP now owns 38,912 shares of the utilities provider’s stock valued at $250,000 after purchasing an additional 8,058 shares during the period. Janney Montgomery Scott LLC bought a new position in TransAlta in the 1st quarter valued at $66,000. DORCHESTER WEALTH MANAGEMENT Co grew its stake in TransAlta by 2.3% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,300 shares of the utilities provider’s stock valued at $951,000 after purchasing an additional 3,375 shares during the period. NBC Securities Inc. grew its stake in TransAlta by 156.3% in the 1st quarter. NBC Securities Inc. now owns 4,100 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 2,500 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in shares of TransAlta during the 4th quarter valued at $33,000. Institutional investors own 59.00% of the company’s stock.

TransAlta Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Saturday, June 1st will be issued a dividend of $0.0438 per share. The ex-dividend date is Friday, May 31st. This represents a $0.18 annualized dividend and a yield of 2.43%. This is an increase from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio is 7.74%.

TransAlta Company Profile

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.