Brokers Offer Predictions for TransAlta FY2025 Earnings

TransAlta Corporation (NYSE:TAC) (TSE:TA) – Stock analysts at Atb Cap Markets decreased their FY2025 earnings per share (EPS) estimates for shares of TransAlta in a note issued to investors on Sunday, October 19th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will earn $0.34 per share for the year, down from their previous forecast of $0.41. The consensus estimate for TransAlta’s current full-year earnings is $0.41 per share.

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

Other equities analysts have also issued research reports about the company. National Bankshares reaffirmed an “outperform” rating on shares of TransAlta in a research note on Tuesday, August 5th. Zacks Research downgraded TransAlta from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Scotiabank reiterated an “outperform” rating on shares of TransAlta in a report on Monday, October 6th. TD Securities reiterated a “buy” rating and issued a $20.00 price objective (up previously from $19.00) on shares of TransAlta in a report on Tuesday, August 5th. Finally, CIBC reiterated an “outperform” rating on shares of TransAlta in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.88.

TransAlta Stock Performance

Shares of TransAlta stock opened at $16.74 on Wednesday. TransAlta has a 52 week low of $7.82 and a 52 week high of $17.69. The business’s fifty day simple moving average is $13.72 and its 200-day simple moving average is $11.47. The firm has a market cap of $4.96 billion, a PE ratio of -39.84 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.98.

TransAlta Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 1st were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.26 annualized dividend and a dividend yield of 1.6%. This is an increase from TransAlta’s previous quarterly dividend of $0.05. TransAlta’s payout ratio is currently -45.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TAC. Caitong International Asset Management Co. Ltd boosted its position in shares of TransAlta by 48,666.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,389 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 4,380 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of TransAlta during the 1st quarter worth about $119,000. Savant Capital LLC acquired a new position in shares of TransAlta during the 2nd quarter worth about $127,000. Ballentine Partners LLC acquired a new position in shares of TransAlta during the 2nd quarter worth about $134,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of TransAlta during the 2nd quarter worth about $140,000. 59.00% of the stock is owned by institutional investors and hedge funds.

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.