Q1 Earnings Forecast for TransAlta Issued By Atb Cap Markets

TransAlta Co. (NYSE:TAC) (TSE:TA) – Equities researchers at Atb Cap Markets dropped their Q1 2026 earnings estimates for shares of TransAlta in a note issued to investors on Wednesday, May 7th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.12. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta’s Q2 2026 earnings at $0.04 EPS, Q3 2026 earnings at $0.10 EPS, FY2026 earnings at $0.34 EPS and FY2027 earnings at $0.22 EPS.

TAC has been the topic of several other research reports. Cibc World Mkts raised shares of TransAlta from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 18th. StockNews.com cut TransAlta from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. CIBC raised TransAlta from a “neutral” rating to an “outperformer” rating and reduced their price target for the company from $23.00 to $19.50 in a report on Tuesday, February 18th. Scotiabank cut TransAlta from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reduced their target price on TransAlta from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, TransAlta presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

TransAlta Stock Performance

NYSE:TAC opened at $8.67 on Friday. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.74 and a quick ratio of 0.67. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 21.15 and a beta of 0.71. The firm’s fifty day moving average price is $9.06 and its 200 day moving average price is $10.89. TransAlta has a 1-year low of $6.78 and a 1-year high of $14.64.

TransAlta (NYSE:TAC) (TSE:TA) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). TransAlta had a net margin of 6.38% and a return on equity of 18.47%. The company had revenue of $526.69 million for the quarter, compared to analysts’ expectations of $509.31 million.

Institutional Investors Weigh In On TransAlta

Several institutional investors and hedge funds have recently made changes to their positions in TAC. Vanguard Group Inc. raised its position in TransAlta by 0.6% during the first quarter. Vanguard Group Inc. now owns 10,291,968 shares of the utilities provider’s stock worth $96,055,000 after acquiring an additional 62,145 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of TransAlta during the 1st quarter worth approximately $355,000. Mackenzie Financial Corp raised its position in shares of TransAlta by 0.7% during the 1st quarter. Mackenzie Financial Corp now owns 5,049,100 shares of the utilities provider’s stock worth $47,119,000 after purchasing an additional 33,676 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TransAlta by 27.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 67,846 shares of the utilities provider’s stock valued at $633,000 after buying an additional 14,636 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new stake in TransAlta during the 1st quarter valued at $3,937,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

TransAlta Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 1st will be given a $0.0458 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from TransAlta’s previous quarterly dividend of $0.04. TransAlta’s dividend payout ratio (DPR) is currently 43.90%.

About TransAlta

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.