TransAlta FY2025 EPS Estimate Increased by Atb Cap Markets

TransAlta Corporation (NYSE:TAC) (TSE:TA) – Equities researchers at Atb Cap Markets raised their FY2025 EPS estimates for shares of TransAlta in a research report issued on Thursday, July 17th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will post earnings per share of $0.36 for the year, up from their prior forecast of $0.32. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share.

Several other equities analysts also recently weighed in on the company. Scotiabank raised TransAlta from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $16.00 to $20.00 in a research report on Friday. Jefferies Financial Group raised shares of TransAlta from a “hold” rating to a “buy” rating in a research note on Thursday, June 12th. Royal Bank Of Canada reduced their target price on shares of TransAlta from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of TransAlta from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.83.

TransAlta Trading Up 2.2%

Shares of TAC stock opened at $12.35 on Monday. The company has a market cap of $3.66 billion, a PE ratio of -617.19 and a beta of 0.76. TransAlta has a 1 year low of $6.78 and a 1 year high of $14.64. The stock’s 50 day simple moving average is $10.43 and its two-hundred day simple moving average is $10.36. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.84 and a quick ratio of 0.78.

TransAlta (NYSE:TAC) (TSE:TA) last announced its earnings results on Wednesday, May 7th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $526.69 million for the quarter, compared to analysts’ expectations of $509.31 million. TransAlta had a net margin of 0.01% and a negative return on equity of 1.64%.

Hedge Funds Weigh In On TransAlta

Several hedge funds have recently bought and sold shares of TAC. Sowell Financial Services LLC boosted its position in TransAlta by 6.0% in the 2nd quarter. Sowell Financial Services LLC now owns 23,892 shares of the utilities provider’s stock valued at $258,000 after buying an additional 1,359 shares during the period. NBC Securities Inc. raised its stake in shares of TransAlta by 145,600.0% during the first quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 2,912 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of TransAlta by 5.3% in the fourth quarter. Vident Advisory LLC now owns 69,004 shares of the utilities provider’s stock valued at $976,000 after purchasing an additional 3,499 shares during the period. Geode Capital Management LLC grew its stake in TransAlta by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 126,761 shares of the utilities provider’s stock worth $1,811,000 after purchasing an additional 4,140 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in TransAlta by 48,666.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,389 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 4,380 shares in the last quarter. Institutional investors own 59.00% of the company’s stock.

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.