TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of TransAlta in a research note issued on Wednesday, April 23rd. National Bank Financial analyst P. Kenny anticipates that the utilities provider will earn $0.04 per share for the quarter. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share.
Several other equities research analysts have also issued reports on the stock. Scotiabank lowered shares of TransAlta from a "sector outperform" rating to a "sector perform" rating in a research note on Thursday, January 23rd. Jefferies Financial Group started coverage on TransAlta in a research note on Friday, April 11th. They issued a "hold" rating on the stock. StockNews.com downgraded TransAlta from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. CIBC upgraded TransAlta from a "neutral" rating to an "outperformer" rating and lowered their price objective for the company from $23.00 to $19.50 in a research note on Tuesday, February 18th. Finally, Cibc World Mkts upgraded shares of TransAlta from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TransAlta presently has a consensus rating of "Hold" and a consensus target price of $19.50.
Check Out Our Latest Stock Analysis on TAC
TransAlta Stock Performance
Shares of NYSE TAC traded down $0.13 during mid-day trading on Friday, reaching $8.96. 102,157 shares of the company's stock were exchanged, compared to its average volume of 1,142,751. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 21.85 and a beta of 0.72. The firm has a 50-day moving average price of $9.30 and a two-hundred day moving average price of $10.97. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.74 and a quick ratio of 0.67. TransAlta has a 52 week low of $6.51 and a 52 week high of $14.64.
TransAlta (NYSE:TAC - Get Free Report) TSE: TA last released its earnings results on Thursday, February 20th. The utilities provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.28). The business had revenue of $484.60 million during the quarter. TransAlta had a net margin of 6.38% and a return on equity of 18.47%.
TransAlta Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 1st will be given a $0.0458 dividend. This is a positive change from TransAlta's previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Friday, May 30th. TransAlta's dividend payout ratio (DPR) is 43.90%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. NBC Securities Inc. grew its position in TransAlta by 145,600.0% during the first quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider's stock worth $27,000 after buying an additional 2,912 shares in the last quarter. Tobam bought a new position in TransAlta during the fourth quarter valued at approximately $46,000. Ballentine Partners LLC purchased a new position in TransAlta in the 4th quarter worth $145,000. Orion Portfolio Solutions LLC bought a new stake in TransAlta in the fourth quarter worth $147,000. Finally, Private Advisor Group LLC purchased a new stake in TransAlta during the fourth quarter valued at about $150,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.
About TransAlta
(
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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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