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NYSE:TAC

TransAlta Stock Forecast, Price & News

$6.90
+0.08 (+1.17 %)
(As of 11/25/2020 12:00 AM ET)
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Compare
Today's Range
$6.83
Now: $6.90▼
$6.93
50-Day Range
$5.93
MA: $6.41▼
$6.82
52-Week Range
$3.63
Now: $6.90▼
$8.50
Volume133,706 shs
Average Volume369,950 shs
Market Capitalization$1.89 billion
P/E Ratio23.79
Dividend Yield1.91%
Beta1.11
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 8,385 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
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TransAlta logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.4Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.16 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Electric services
Sub-IndustryN/A
SectorUtilities
Current SymbolNYSE:TAC
Previous Symbol
CUSIPN/A
CIK1144800
Webwww.transalta.com
Phone403-267-7110
Employees1,543

Debt

Debt-to-Equity Ratio0.85
Current Ratio1.15
Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio23.79
Forward P/E Ratio86.25
P/E GrowthN/A

Sales & Book Value

Annual Sales$1.77 billion
Price / Sales1.07
Cash Flow$2.03 per share
Price / Cash Flow3.40
Book Value$8.49 per share
Price / Book0.81

Profitability

EPS (Most Recent Fiscal Year)($0.09)
Net Income$61.79 million
Net Margins4.74%
Return on Equity-0.58%
Return on Assets-0.19%

Miscellaneous

Outstanding Shares274,226,000
Market Cap$1.89 billion
Next Earnings Date3/3/2021 (Estimated)
OptionableNot Optionable
$6.90
+0.08 (+1.17 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TransAlta (NYSE:TAC) Frequently Asked Questions

How has TransAlta's stock price been impacted by COVID-19?

TransAlta's stock was trading at $5.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TAC shares have increased by 24.3% and is now trading at $6.90.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of TransAlta?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for TransAlta.

What stocks does MarketBeat like better than TransAlta?

Wall Street analysts have given TransAlta a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TransAlta wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for TransAlta.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) issued its quarterly earnings data on Friday, July, 31st. The utilities provider reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.19. The utilities provider had revenue of $315.26 million for the quarter. TransAlta had a negative return on equity of 0.58% and a net margin of 4.74%.
View TransAlta's earnings history.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?

TransAlta announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 1st will be given a dividend of $0.0324 per share on Friday, January 1st. This represents a $0.13 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Monday, November 30th. This is a boost from TransAlta's previous quarterly dividend of $0.03.
View TransAlta's dividend history.

What price target have analysts set for TAC?

7 analysts have issued 1 year target prices for TransAlta's stock. Their forecasts range from $9.00 to $11.00. On average, they anticipate TransAlta's stock price to reach $10.25 in the next year. This suggests a possible upside of 48.6% from the stock's current price.
View analysts' price targets for TransAlta.

Who are some of TransAlta's key competitors?

Some companies that are related to TransAlta include OGE Energy (OGE), Engie Brasil Energia (EGIEY), Huaneng Power International (HNP), Clearway Energy (CWEN), China Resources Power (CRPJY), IDACORP (IDA), NextEra Energy Partners (NEP), Hawaiian Electric Industries (HE), Black Hills (BKH), PNM Resources (PNM), Ormat Technologies (ORA), Portland General Electric (POR), CEMIG (CIG), Centrica (CPYYY) and Atlantica Sustainable Infrastructure (AY).
View all competitors.

What other stocks do shareholders of TransAlta own?

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta Co. (TA.TO) (TA), Bristol-Myers Squibb (BMY), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Ms. Dawn Lorraine Farrell, Pres, CEO & Non-Independent Director (Age 60)
  • Mr. Todd John Stack, Chief Financial Officer
  • Mr. John Harry Kousinioris, Chief Operating Officer (Age 55)
  • Ms. Dawn E. de Lima, Chief Shared Services Officer
  • Mr. Brett M. Gellner, Chief Devel. Officer (Age 56)
  • Chiara Valentini, Mang. of Investor Relations
  • Ms. Kerry O'Reilly Wilks, Chief Officer of Legal, Regulatory & External Affairs
  • Ms. Stacey Hatcher, Mang. of Communications
  • Mr. Aron John Willis, Sr. Vice-Pres of Growth (Age 45)
  • Ms. Jane Nyla Fedoretz, Chief Talent & Transformation Officer

What is TransAlta's stock symbol?

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

Who are TransAlta's major shareholders?

TransAlta's stock is owned by a number of institutional and retail investors. Top institutional investors include CIBC Asset Management Inc (4.26%), TD Asset Management Inc. (1.53%), Toronto Dominion Bank (1.40%), Arrowstreet Capital Limited Partnership (1.09%), Connor Clark & Lunn Investment Management Ltd. (1.07%) and Point72 Asset Management L.P. (0.58%).
View institutional ownership trends for TransAlta.

Which institutional investors are selling TransAlta stock?

TAC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, JPMorgan Chase & Co., Arrowstreet Capital Limited Partnership, Connor Clark & Lunn Investment Management Ltd., TD Asset Management Inc., Public Sector Pension Investment Board, CIBC Asset Management Inc, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.
View insider buying and selling activity for TransAlta.

Which institutional investors are buying TransAlta stock?

TAC stock was bought by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Polar Asset Management Partners Inc., Schonfeld Strategic Advisors LLC, Schonfeld Strategic Advisors LLC, Alberta Investment Management Corp, O Shaughnessy Asset Management LLC, Scotia Capital Inc., and Jupiter Asset Management Ltd..
View insider buying and selling activity for TransAlta.

How do I buy shares of TransAlta?

Shares of TAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $6.90.

How big of a company is TransAlta?

TransAlta has a market capitalization of $1.89 billion and generates $1.77 billion in revenue each year. The utilities provider earns $61.79 million in net income (profit) each year or ($0.09) on an earnings per share basis. TransAlta employs 1,543 workers across the globe.

What is TransAlta's official website?

The official website for TransAlta is www.transalta.com.

How can I contact TransAlta?

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The utilities provider can be reached via phone at 403-267-7110 or via email at [email protected]

This page was last updated on 11/25/2020 by MarketBeat.com Staff
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