Atb Cap Markets Forecasts TransAlta’s Q2 Earnings (NYSE:TAC)

TransAlta Corporation (NYSE:TAC) (TSE:TA) – Stock analysts at Atb Cap Markets upped their Q2 2026 earnings estimates for shares of TransAlta in a research report issued to clients and investors on Monday, August 4th. Atb Cap Markets analyst N. Heywood now anticipates that the utilities provider will earn $0.08 per share for the quarter, up from their previous estimate of $0.04. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta’s Q4 2026 earnings at $0.12 EPS.

TransAlta (NYSE:TAC) (TSE:TA) last released its quarterly earnings results on Friday, August 1st. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $451.20 million during the quarter, compared to analysts’ expectations of $473.94 million. TransAlta had a negative net margin of 6.79% and a negative return on equity of 2.06%.

Several other equities research analysts have also recently weighed in on TAC. Royal Bank Of Canada reduced their price objective on TransAlta from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th. Wall Street Zen raised shares of TransAlta from a “sell” rating to a “hold” rating in a report on Saturday, June 14th. TD Securities raised their price target on shares of TransAlta from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday. National Bankshares reaffirmed an “outperform” rating on shares of TransAlta in a research report on Tuesday. Finally, Jefferies Financial Group raised TransAlta from a “hold” rating to a “buy” rating in a research report on Thursday, June 12th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.88.

TransAlta Price Performance

NYSE TAC opened at $12.17 on Wednesday. The stock has a 50-day simple moving average of $11.25 and a 200 day simple moving average of $10.29. TransAlta has a twelve month low of $7.82 and a twelve month high of $14.64. The stock has a market capitalization of $3.61 billion, a PE ratio of -28.96 and a beta of 0.75. The company has a debt-to-equity ratio of 4.98, a quick ratio of 0.78 and a current ratio of 0.79.

Institutional Trading of TransAlta

A number of large investors have recently bought and sold shares of the stock. Sowell Financial Services LLC lifted its holdings in shares of TransAlta by 6.0% during the second quarter. Sowell Financial Services LLC now owns 23,892 shares of the utilities provider’s stock valued at $258,000 after acquiring an additional 1,359 shares during the period. NBC Securities Inc. increased its position in shares of TransAlta by 145,600.0% during the 1st quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 2,912 shares in the last quarter. Vident Advisory LLC increased its position in shares of TransAlta by 5.3% during the 4th quarter. Vident Advisory LLC now owns 69,004 shares of the utilities provider’s stock worth $976,000 after purchasing an additional 3,499 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TransAlta by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 126,761 shares of the utilities provider’s stock valued at $1,811,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position 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 valued at $41,000 after buying an additional 4,380 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors.

TransAlta Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be given a dividend of $0.065 per share. This is a boost from TransAlta’s previous quarterly dividend of $0.05. The ex-dividend date is Friday, August 29th. This represents a $0.26 annualized dividend and a dividend yield of 2.1%. TransAlta’s dividend payout ratio is -45.24%.

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.