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

TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Equities research analysts at Atb Cap Markets issued their Q2 2025 earnings per share estimates for TransAlta in a report issued on Wednesday, May 7th. Atb Cap Markets analyst N. Heywood forecasts that the utilities provider will earn $0.02 per share for the quarter. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta's Q3 2025 earnings at $0.17 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other research firms also recently commented on TAC. Jefferies Financial Group began coverage on TransAlta in a report on Friday, April 11th. They issued a "hold" rating for the company. Cibc World Mkts upgraded 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 note on Friday, February 21st. Scotiabank cut TransAlta from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada decreased their target price on TransAlta from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, one has given 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 $19.75.

TransAlta Trading Up 1.9%

NYSE TAC opened at $8.67 on Monday. The stock has a 50-day simple moving average of $9.06 and a 200 day simple moving average of $10.89. The company has a market capitalization of $2.57 billion, a PE ratio of 21.15 and a beta of 0.71. The company has a current ratio of 0.74, a quick ratio of 0.67 and a debt-to-equity ratio of 2.94. TransAlta has a 12 month low of $6.78 and a 12 month high of $14.64.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 62,145 shares during the period. Bank of Montreal Can boosted its position in shares of TransAlta by 8.4% during the fourth quarter. Bank of Montreal Can now owns 9,290,110 shares of the utilities provider's stock worth $131,222,000 after buying an additional 716,139 shares during the period. FMR LLC boosted its position in shares of TransAlta by 79.7% during the fourth quarter. FMR LLC now owns 8,255,923 shares of the utilities provider's stock worth $116,764,000 after buying an additional 3,662,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of TransAlta by 638.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,995,489 shares of the utilities provider's stock worth $112,936,000 after buying an additional 6,913,431 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of TransAlta by 280.1% during the fourth quarter. Bank of America Corp DE now owns 5,385,966 shares of the utilities provider's stock worth $76,211,000 after buying an additional 3,969,037 shares during the period. 59.00% of the stock is owned by institutional investors and hedge funds.

TransAlta Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 1st will be paid a $0.0458 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.11%. This is a boost from TransAlta's previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Friday, May 30th. TransAlta's payout ratio is presently -900.00%.

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.

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