Q2 Earnings Forecast for TransAlta Issued By Atb Cap Markets

Key Points

• Analysts at Atb Cap Markets have increased their Q2 2026 earnings per share estimate for TransAlta Corporation to $0.08, up from $0.04, while the consensus for the full year remains at $0.41.
• TransAlta recently declared a quarterly dividend of $0.065, an increase from the previous dividend of $0.05, representing an annualized yield of 2.2%.
• Large institutional investors have significantly increased their stakes in TransAlta, with notable boosts in holdings from firms like NBC Securities Inc. and Caitong International Asset Management Co. Ltd.

TransAlta Corporation (NYSE:TAC - Free Report) TSE: TA - Equities research analysts at Atb Cap Markets increased their Q2 2026 earnings estimates for shares of TransAlta in a report released on Monday, August 4th. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will post earnings of $0.08 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share. Atb Cap Markets also issued estimates for TransAlta's Q4 2026 earnings at $0.12 EPS.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of TransAlta from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. TD Securities reiterated a "buy" rating and issued a $20.00 price target (up previously from $19.00) on shares of TransAlta in a research note on Tuesday. National Bankshares reiterated an "outperform" rating on shares of TransAlta in a research note on Tuesday. Royal Bank Of Canada dropped their price target on shares of TransAlta from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Jefferies Financial Group upgraded shares of TransAlta from a "hold" rating to a "buy" rating in a research note on Thursday, June 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.88.

TransAlta Stock Up 0.7%

TransAlta stock traded up $0.08 during mid-day trading on Wednesday, reaching $12.10. The stock had a trading volume of 1,034,231 shares, compared to its average volume of 1,196,172. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of -28.81 and a beta of 0.75. The company has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $10.26. TransAlta has a one year low of $7.82 and a one year high of $14.64. The company has a debt-to-equity ratio of 4.98, a current ratio of 0.79 and a quick ratio of 0.78.

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

TransAlta Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 1st will be issued a $0.065 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.26 annualized dividend and a yield of 2.1%. This is a positive change from TransAlta's previous quarterly dividend of $0.05. TransAlta's payout ratio is currently -45.24%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC boosted its stake in TransAlta by 6.0% in the 2nd quarter. Sowell Financial Services LLC now owns 23,892 shares of the utilities provider's stock worth $258,000 after purchasing an additional 1,359 shares during the period. NBC Securities Inc. boosted its stake in TransAlta by 145,600.0% in the 1st quarter. NBC Securities Inc. now owns 2,914 shares of the utilities provider's stock worth $27,000 after purchasing an additional 2,912 shares during the period. Creative Planning boosted its stake in TransAlta by 6.9% in the 2nd quarter. Creative Planning now owns 51,336 shares of the utilities provider's stock worth $554,000 after purchasing an additional 3,322 shares during the period. Vident Advisory LLC boosted its stake in TransAlta by 5.3% in the 4th quarter. Vident Advisory LLC now owns 69,004 shares of the utilities provider's stock worth $976,000 after purchasing an additional 3,499 shares during the period. Finally, Geode Capital Management LLC boosted its stake in TransAlta by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 126,761 shares of the utilities provider's stock worth $1,811,000 after purchasing an additional 4,140 shares during the period. 59.00% of the stock is currently owned by institutional investors.

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.