TransAlta FY2026 EPS Boosted by National Bank Financial

Key Points

• National Bank Financial has increased its FY2026 earnings per share (EPS) estimate for TransAlta from $0.19 to $0.28, while the current full-year earnings estimate stands at $0.41 per share.
• TransAlta has recently declared an increase in its quarterly dividend from $0.05 to $0.065, representing an annualized yield of 2.2%.
• Several analysts have rated TransAlta's stock positively, with a consensus rating of "Moderate Buy" and an average price target of $19.88.

TransAlta Corporation (NYSE:TAC - Free Report) TSE: TA - Research analysts at National Bank Financial boosted their FY2026 earnings per share (EPS) estimates for TransAlta in a report issued on Monday, August 4th. National Bank Financial analyst P. Kenny now anticipates that the utilities provider will post earnings per share of $0.28 for the year, up from their previous estimate of $0.19. The consensus estimate for TransAlta's current full-year earnings is $0.41 per share.

Several other research analysts have also recently weighed in on TAC. TD Securities reiterated a "buy" rating and set a $20.00 price target (up from $19.00) on shares of TransAlta in a research report on Tuesday. National Bankshares restated an "outperform" rating on shares of TransAlta in a research report on Tuesday. Royal Bank Of Canada dropped their price objective on shares of TransAlta from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Scotiabank raised TransAlta from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $16.00 to $20.00 in a report on Friday, July 18th. Finally, Jefferies Financial Group upgraded shares of TransAlta from a "hold" rating to a "buy" rating in a report on Thursday, June 12th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.88.

TransAlta Trading Down 1.1%

NYSE TAC opened at $12.04 on Thursday. The company's 50-day simple moving average is $11.25 and its two-hundred day simple moving average is $10.29. 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 quick ratio of 0.78 and a current ratio of 0.79. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of -28.81 and a beta of 0.75.

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

Institutional Investors Weigh In On TransAlta

Several hedge funds have recently modified their holdings of TAC. Bessemer Group Inc. bought a new stake in shares of TransAlta during the first quarter worth $638,000. JPMorgan Chase & Co. raised its position in TransAlta by 20,398.6% in the 4th quarter. JPMorgan Chase & Co. now owns 191,047 shares of the utilities provider's stock valued at $2,703,000 after buying an additional 190,115 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of TransAlta during the 4th quarter worth approximately $346,000. NBC Securities Inc. boosted its holdings in shares of 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 buying an additional 2,912 shares during the period. Finally, Sowell Financial Services LLC grew its holdings in TransAlta by 55.3% in the 1st quarter. Sowell Financial Services LLC now owns 22,533 shares of the utilities provider's stock valued at $211,000 after buying an additional 8,019 shares in the last quarter. 59.00% of the stock is owned by hedge funds and other institutional investors.

TransAlta Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 1st will be issued a $0.065 dividend. This is an increase from TransAlta's previous quarterly dividend of $0.05. This represents a $0.26 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. TransAlta's dividend payout ratio is currently -45.24%.

TransAlta Company Profile

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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