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NYSE:TAC

TransAlta (TAC) Stock Price, News & Analysis

$6.82
-0.05 (-0.73%)
(As of 03/1/2024 ET)
Today's Range
$6.73
$6.93
50-Day Range
$6.83
$8.36
52-Week Range
$6.73
$10.40
Volume
447,827 shs
Average Volume
589,138 shs
Market Capitalization
$2.11 billion
P/E Ratio
3.73
Dividend Yield
2.20%
Price Target
N/A

TransAlta MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.38mentions of TransAlta in the last 14 days
Based on 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.92%
From $0.51 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.40 out of 5 stars

Utilities Sector

67th out of 88 stocks

Electric Services Industry

29th out of 39 stocks


TAC stock logo

About TransAlta Stock (NYSE:TAC)

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 has a net ownership interest of approximately 922 megawatts (MW) of owned hydro electrical-generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 1,878 MW of owned wind and solar electrical-generating capacity, as well as battery storage facilities located in Alberta, Ontario, New Brunswick, and Québec in Canada; and the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta and Ontario in Canada; Michigan, the United States; and Western Australia. The Energy Transition segment has a net ownership interest of approximately 671 MW of owned coal electrical-generating capacity, as well as operates the Skookumchuck hydro facility in Centralia; and engages in the highvale mine and the mine reclamation activities. The Energy Marketing segment is involved in the trading of power, natural gas, and environmental products. It serves customers in various industry segments, including commercial real estate, municipal, manufacturing, industrial, hospitality, finance, and oil and gas. The company was founded in 1909 and is headquartered in Calgary, Canada.

TAC Stock Price History

TAC Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
TransAlta (NYSE:TAC) Trading Down 3.8% Following Weak Earnings
HTOO and TAC are among utility movers
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
TransAlta (NYSE:TAC) Sees Large Volume Increase
TransAlta: Q4 Earnings Snapshot
Transalta Corp.
RBC Capital Sticks to Their Buy Rating for TransAlta (TAC)
TransAlta price target lowered by C$0.50 at CIBC
TransAlta price target raised by C$0.50 at CIBC
TransAlta Corporation
See More Headlines
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Company Calendar

Ex-Dividend for 1/1 Dividend
11/30/2023
Dividend Payable
1/01/2024
Last Earnings
2/23/2024
Ex-Dividend for 4/1 Dividend
2/29/2024
Today
3/01/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Employees
1,222
Year Founded
N/A

Profitability

Net Income
$477.03 million
Pretax Margin
26.23%

Debt

Sales & Book Value

Annual Sales
$3.36 billion
Cash Flow
$2.85 per share
Book Value
$1.73 per share

Miscellaneous

Free Float
268,332,000
Market Cap
$2.11 billion
Optionable
Optionable
Beta
0.88
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Key Executives

  • Mr. John Harry Kousinioris (Age 59)
    President, CEO & Director
    Comp: $1.86M
  • Mr. Todd John Stack (Age 57)
    Executive VP of Finance & CFO
    Comp: $835k
  • Ms. Jane Nyla Fedoretz
    Executive VP of People & Culture and Chief Administrative Officer
  • Mr. Aron John Willis (Age 49)
    Executive Vice President of Project Delivery & Construction
    Comp: $628.95k
  • Ms. Kerry O'Reilly Wilks (Age 46)
    Executive Vice President of Growth & Energy Marketing
    Comp: $809.24k
  • Chiara Valentini
    Manager of Investor Relations
  • Mr. Scott T. Jeffers
    Acting Executive Vice President of Legal & Corporate Secretary
  • Ms. Stacey Hatcher
    Manager of Communications
  • Ms. Maria Perry
    MD of People & Talent
  • Mr. Gary Woods
    Managing Director of Gas & Renewables














TAC Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TAC shares.
View TAC analyst ratings
or view top-rated stocks.

How have TAC shares performed in 2024?

TransAlta's stock was trading at $8.31 at the start of the year. Since then, TAC stock has decreased by 17.9% and is now trading at $6.82.
View the best growth stocks for 2024 here
.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in January. As of January 31st, there was short interest totaling 3,650,000 shares, an increase of 13.4% from the January 15th total of 3,220,000 shares. Based on an average daily trading volume, of 481,700 shares, the short-interest ratio is currently 7.6 days. Approximately 1.2% of the shares of the company are sold short.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) announced its earnings results on Friday, February, 23rd. The utilities provider reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.30. The utilities provider earned $624 million during the quarter, compared to the consensus estimate of $305.79 million. TransAlta had a trailing twelve-month return on equity of 48.42% and a net margin of 20.05%. TransAlta's quarterly revenue was down 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.45) earnings per share.

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

TransAlta declared a quarterly dividend on Wednesday, November 22nd. Investors of record on Friday, March 1st will be paid a dividend of $0.0437 per share on Monday, April 1st. This represents a $0.17 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TAC
.

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.15 per share and currently has a dividend yield of 2.27%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 8.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 28.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

What ETF holds TransAlta's stock ?

SPDR S&P Kensho Clean Power ETF holds 225,168 shares of TAC stock, representing 0.69% of its portfolio.

What is Dawn Farrell's approval rating as TransAlta's CEO?

78 employees have rated TransAlta Chief Executive Officer Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among the company's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 (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 major shareholders?

TransAlta's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.40%), CIBC Asset Management Inc (2.84%), Mackenzie Financial Corp (2.06%), Rubric Capital Management LP (1.67%), Goldman Sachs Group Inc. (1.42%) and Goldman Sachs Group Inc. (1.42%).
View institutional ownership trends
.

How do I buy shares of TransAlta?

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

This page (NYSE:TAC) was last updated on 3/1/2024 by MarketBeat.com Staff