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TransAlta (TA) Competitors

C$9.70
-0.01 (-0.10%)
(As of 05/28/2024 ET)

TA vs. BEP.UN, CPX, BEPC, CU, BIPC, AQN, NPI, ACO.X, BLX, and RNW

Should you be buying TransAlta stock or one of its competitors? The main competitors of TransAlta include Brookfield Renewable Partners (BEP.UN), Capital Power (CPX), Brookfield Renewable (BEPC), Canadian Utilities (CU), Brookfield Infrastructure (BIPC), Algonquin Power & Utilities (AQN), Northland Power (NPI), ATCO (ACO.X), Boralex (BLX), and TransAlta Renewables (RNW). These companies are all part of the "utilities" sector.

TransAlta vs.

Brookfield Renewable Partners (TSE:BEP.UN) and TransAlta (TSE:TA) are both utilities companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, community ranking, valuation, profitability, risk, earnings, dividends and media sentiment.

Brookfield Renewable Partners has a beta of 0.81, suggesting that its stock price is 19% less volatile than the S&P 500. Comparatively, TransAlta has a beta of 0.87, suggesting that its stock price is 13% less volatile than the S&P 500.

67.4% of Brookfield Renewable Partners shares are owned by institutional investors. Comparatively, 67.3% of TransAlta shares are owned by institutional investors. 0.2% of TransAlta shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Brookfield Renewable Partners presently has a consensus price target of C$38.00, indicating a potential upside of 0.45%. TransAlta has a consensus price target of C$15.22, indicating a potential upside of 56.93%. Given Brookfield Renewable Partners' stronger consensus rating and higher probable upside, analysts plainly believe TransAlta is more favorable than Brookfield Renewable Partners.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Brookfield Renewable Partners
0 Sell rating(s)
1 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
TransAlta
0 Sell rating(s)
1 Hold rating(s)
7 Buy rating(s)
1 Strong Buy rating(s)
3.00

Brookfield Renewable Partners pays an annual dividend of C$1.94 per share and has a dividend yield of 5.1%. TransAlta pays an annual dividend of C$0.24 per share and has a dividend yield of 2.5%. Brookfield Renewable Partners pays out -307.9% of its earnings in the form of a dividend. TransAlta pays out 12.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Brookfield Renewable Partners is clearly the better dividend stock, given its higher yield and lower payout ratio.

TransAlta received 34 more outperform votes than Brookfield Renewable Partners when rated by MarketBeat users. However, 60.94% of users gave Brookfield Renewable Partners an outperform vote while only 53.21% of users gave TransAlta an outperform vote.

CompanyUnderperformOutperform
Brookfield Renewable PartnersOutperform Votes
298
60.94%
Underperform Votes
191
39.06%
TransAltaOutperform Votes
332
53.21%
Underperform Votes
292
46.79%

In the previous week, Brookfield Renewable Partners had 3 more articles in the media than TransAlta. MarketBeat recorded 5 mentions for Brookfield Renewable Partners and 2 mentions for TransAlta. TransAlta's average media sentiment score of 0.65 beat Brookfield Renewable Partners' score of -0.06 indicating that Brookfield Renewable Partners is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Brookfield Renewable Partners
1 Very Positive mention(s)
3 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
TransAlta
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

TransAlta has a net margin of 19.39% compared to TransAlta's net margin of -2.25%. Brookfield Renewable Partners' return on equity of 33.61% beat TransAlta's return on equity.

Company Net Margins Return on Equity Return on Assets
Brookfield Renewable Partners-2.25% 1.31% 0.82%
TransAlta 19.39%33.61%6.50%

TransAlta has lower revenue, but higher earnings than Brookfield Renewable Partners. Brookfield Renewable Partners is trading at a lower price-to-earnings ratio than TransAlta, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Brookfield Renewable PartnersC$5.20B2.08-C$117M-C$0.63-60.05
TransAltaC$3.21B0.92C$572MC$1.954.97

Summary

TransAlta beats Brookfield Renewable Partners on 13 of the 21 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding TA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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TA vs. The Competition

MetricTransAltaUtilities IndustryUtilities SectorTSE Exchange
Market CapC$2.95BC$2.88BC$11.94BC$4.85B
Dividend Yield2.52%4.19%4.19%6.23%
P/E Ratio4.97102.5690.4625.45
Price / Sales0.9229.9522.562,541.53
Price / Cash4.2517.8323.1177.00
Price / Book3.431.671.843.89
Net IncomeC$572MC$717.84MC$554.07MC$274.58M
7 Day Performance-1.22%-0.73%-1.73%-0.94%
1 Month Performance7.06%7.43%3.81%2.28%
1 Year Performance-24.69%74.73%4.07%30.58%

TransAlta Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
BEP.UN
Brookfield Renewable Partners
0.3576 of 5 stars
C$39.09
+1.6%
C$38.00
-2.8%
-6.6%C$11.18BC$5.20B-62.05N/ADividend Announcement
News Coverage
CPX
Capital Power
2.8897 of 5 stars
C$37.99
+0.7%
C$44.45
+17.0%
-14.0%C$4.91BC$3.95B7.26737
BEPC
Brookfield Renewable
0 of 5 stars
44.24
+2.1%
N/A-2.3%$7.95B$4.62B4.101,890
CU
Canadian Utilities
1.5981 of 5 stars
C$31.57
+0.4%
C$35.43
+12.2%
-13.3%C$6.45BC$3.80B13.559,018
BIPC
Brookfield Infrastructure
0 of 5 stars
48.52
+0.9%
N/A-23.6%$6.40B$2.91B9.441,700
AQN
Algonquin Power & Utilities
0.1953 of 5 stars
C$8.93
-0.1%
C$7.08
-20.7%
-21.2%C$6.16BC$2.66B-13.333,946News Coverage
NPI
Northland Power
3.9467 of 5 stars
C$23.60
-0.8%
C$31.96
+35.4%
-19.8%C$6.05BC$2.37B-33.711,150Analyst Forecast
News Coverage
ACO.X
ATCO
1.6543 of 5 stars
C$40.50
+0.3%
C$45.92
+13.4%
-4.5%C$4.04BC$4.71B11.0720,175
BLX
Boralex
3.9112 of 5 stars
C$32.96
+2.1%
C$40.13
+21.7%
-9.5%C$3.39BC$986M33.63753Analyst Forecast
News Coverage
RNW
TransAlta Renewables
0.2195 of 5 stars
N/AC$13.06
+∞
-2.3%C$3.33BC$496M41.60N/A

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This page (TSE:TA) was last updated on 5/28/2024 by MarketBeat.com Staff

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