TransAlta FY2025 EPS Estimate Decreased by Atb Cap Markets

TransAlta Co. (NYSE:TAC - Free Report) TSE: TA - Investment analysts at Atb Cap Markets decreased their FY2025 EPS estimates for TransAlta in a research note issued to investors on Wednesday, April 23rd. Atb Cap Markets analyst N. Heywood now forecasts that the utilities provider will earn $0.32 per share for the year, down from their prior estimate of $0.41. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share.

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 for the quarter, missing analysts' consensus estimates of $0.12 by ($0.28). The firm had revenue of $484.60 million for the quarter. TransAlta had a return on equity of 18.47% and a net margin of 6.38%.

A number of other equities analysts also recently weighed in on TAC. StockNews.com downgraded shares of TransAlta from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Jefferies Financial Group began coverage on shares of TransAlta in a research report on Friday, April 11th. They set a "hold" rating for the company. Cibc World Mkts raised TransAlta from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 18th. CIBC upgraded shares of TransAlta from a "neutral" rating to an "outperformer" rating and dropped their target price for the company from $23.00 to $19.50 in a report on Tuesday, February 18th. Finally, Scotiabank lowered shares of TransAlta from a "sector outperform" rating to a "sector perform" rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, TransAlta currently has a consensus rating of "Hold" and an average price target of $19.50.

TransAlta Trading Down 1.8 %

NYSE:TAC traded down $0.16 on Friday, reaching $8.93. The company's stock had a trading volume of 126,047 shares, compared to its average volume of 1,142,869. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.67 and a current ratio of 0.74. The firm has a market cap of $2.66 billion, a PE ratio of 21.78 and a beta of 0.72. The business's 50-day moving average price is $9.30 and its two-hundred day moving average price is $10.97. TransAlta has a 1-year low of $6.51 and a 1-year high of $14.64.

Institutional Trading of TransAlta

A number of institutional investors have recently modified their holdings of TAC. 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 shares of TransAlta in the 4th quarter worth approximately $46,000. Ballentine Partners LLC bought a new position in shares of TransAlta in the 4th quarter worth approximately $145,000. Orion Portfolio Solutions LLC bought a new position in shares of TransAlta in the 4th quarter worth approximately $147,000. Finally, Private Advisor Group LLC bought a new position in shares of TransAlta in the 4th quarter worth approximately $150,000. 59.00% of the stock is currently owned by hedge funds and other institutional investors.

TransAlta Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 1st will be given a dividend of $0.0458 per share. This is an increase from TransAlta's previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, May 30th. TransAlta's dividend payout ratio is currently 43.90%.

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.