TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Equities researchers at National Bank Financial lowered their FY2026 EPS estimates for TransAlta in a report issued on Wednesday, May 7th. National Bank Financial analyst P. Kenny now anticipates that the utilities provider will post earnings per share of $0.19 for the year, down from their prior estimate of $0.48. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share.
A number of other analysts have also issued reports on TAC. CIBC upgraded shares of TransAlta from a "neutral" rating to an "outperformer" rating and decreased their target price for the stock from $23.00 to $19.50 in a research report on Tuesday, February 18th. Scotiabank lowered shares of TransAlta from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, January 23rd. StockNews.com lowered shares of TransAlta from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group started coverage on shares of TransAlta in a report on Friday, April 11th. They issued a "hold" rating on the stock. Finally, Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.75.
Check Out Our Latest Stock Analysis on TAC
TransAlta Stock Up 1.9%
Shares of NYSE TAC opened at $8.67 on Monday. TransAlta has a 1 year low of $6.78 and a 1 year high of $14.64. The firm's 50 day moving average price is $9.06 and its 200 day moving average price is $10.89. The firm has a market cap of $2.57 billion, a P/E ratio of 21.15 and a beta of 0.71. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74.
TransAlta (NYSE:TAC - Get Free Report) 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 analysts' consensus estimates of $0.09 by ($0.02). TransAlta had a return on equity of 18.47% and a net margin of 6.38%. The firm had revenue of $526.69 million for the quarter, compared to analyst estimates of $509.31 million.
TransAlta Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from TransAlta's previous quarterly dividend of $0.04. TransAlta's dividend payout ratio (DPR) is currently -900.00%.
Hedge Funds Weigh In On TransAlta
Hedge funds have recently made changes to their positions in the business. Signaturefd LLC increased its stake in TransAlta by 5.4% during the 4th quarter. Signaturefd LLC now owns 27,627 shares of the utilities provider's stock worth $391,000 after buying an additional 1,420 shares during the period. NBC Securities Inc. grew its holdings in 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 acquiring an additional 2,912 shares in the last quarter. Tobam acquired a new position in TransAlta during the 4th quarter worth $46,000. Vident Advisory LLC grew its holdings in 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 acquiring an additional 3,499 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 worth $1,811,000 after acquiring an additional 4,140 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company's stock.
About TransAlta
(
Get Free Report)
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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