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NYSE:TAC

TransAlta (TAC) Stock Forecast, Price & News

$9.18
+0.15 (+1.66%)
(As of 03:03 PM ET)
Compare
Today's Range
$9.03
$9.20
50-Day Range
$9.04
$10.39
52-Week Range
$7.55
$10.40
Volume
798,584 shs
Average Volume
346,369 shs
Market Capitalization
$2.42 billion
P/E Ratio
13.11
Dividend Yield
1.74%
Price Target
$15.10

TransAlta MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
64.8% Upside
$15.10 Price Target
Short Interest
Bearish
1.77% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.00mentions of TransAlta in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-59.31%
From $1.45 to $0.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.11 out of 5 stars

Utilities Sector

62nd out of 86 stocks

Electric Services Industry

35th out of 41 stocks


TAC stock logo

About TransAlta (NYSE:TAC) Stock

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 Price History

TAC Stock News Headlines

TransAlta (TAC) Stock Moves -0.11%: What You Should Know
"This Could be the Biggest Stock Story of 2023"
A.I. is set to create $7 trillion in new wealth but most investors are buying the wrong stocks. Learn what Wall Street insiders are buying here.
"This Could be the Biggest Stock Story of 2023"
A.I. is set to create $7 trillion in new wealth but most investors are buying the wrong stocks. Learn what Wall Street insiders are buying here.
TransAlta (NYSE: TAC)
TAC.MW - | Stock Price & Latest News | Reuters
TSX Falls Short of Breakeven - Yahoo Canada Finance
See More Headlines
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TAC Company Calendar

Ex-Dividend for 7/1 Dividend
5/31/2023
Dividend Payable
7/01/2023
Last Earnings
8/04/2023
Ex-Dividend for 10/1 Dividend
8/31/2023
Today
9/22/2023
Dividend Payable
10/01/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$15.10
High Stock Price Forecast
$18.50
Low Stock Price Forecast
$12.50
Forecasted Upside/Downside
+67.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
16.83%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.70 per share
Book Value
$3.00 per share

Miscellaneous

Free Float
228,875,000
Market Cap
$2.38 billion
Optionable
Not Optionable
Beta
1.03
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Key Executives

  • Mr. John Harry Kousinioris (Age 58)
    Pres, CEO & Director
    Comp: $1.85M
  • Mr. Todd John Stack (Age 56)
    Exec. VP of Fin. & CFO
    Comp: $831.4k
  • Ms. Kerry O'Reilly Wilks (Age 45)
    Exec. VP of Legal, Commercial & External Affairs
    Comp: $805.76k
  • Mr. Aron John Willis (Age 48)
    Exec. Vice-Pres of Growth
    Comp: $626.24k
  • Ms. Jane Nyla Fedoretz
    Exec. VP of People, Talent & Transformation
  • Chiara Valentini
    Mang. of Investor Relations
  • Ms. Stacey Hatcher
    Mang. of Communications
  • Ms. Maria Perry
    MD of People & Talent
  • Mr. Gary Woods
    Managing Director of Gas & Renewables
  • Mr. Scott T. Jeffers
    VP, MD of Legal & Sustainability and Corp. Sec.













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TAC shares.
View TAC analyst ratings
or view top-rated stocks.

What is TransAlta's stock price forecast for 2023?

3 equities research analysts have issued 1 year target prices for TransAlta's stock. Their TAC share price forecasts range from $12.50 to $18.50. On average, they predict the company's share price to reach $15.10 in the next twelve months. This suggests a possible upside of 67.0% from the stock's current price.
View analysts price targets for TAC
or view top-rated stocks among Wall Street analysts.

How have TAC shares performed in 2023?

TransAlta's stock was trading at $8.97 at the start of the year. Since then, TAC shares have increased by 0.8% and is now trading at $9.04.
View the best growth stocks for 2023 here
.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,370,000 shares, an increase of 32.4% from the August 15th total of 3,300,000 shares. Based on an average daily volume of 385,300 shares, the short-interest ratio is presently 11.3 days. Currently, 1.8% of the company's stock 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 Tuesday, November 14th 2023.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) released its quarterly earnings data on Friday, August, 4th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.14. The utilities provider had revenue of $625 million for the quarter, compared to analyst estimates of $538.20 million. TransAlta had a net margin of 7.95% and a trailing twelve-month return on equity of 21.41%. TransAlta's revenue for the quarter was up 36.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) earnings per share.

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

TransAlta declared a quarterly dividend on Thursday, July 27th. Investors of record on Friday, September 1st will be paid a dividend of $0.042 per share on Sunday, October 1st. This represents a $0.17 annualized dividend and a yield of 1.86%. The ex-dividend date is Thursday, August 31st. This is a boost from the stock's previous quarterly dividend of $0.04.
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.

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.73%. The dividend payout ratio is 22.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 27.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

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).

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 retail and institutional investors. Top institutional investors include Royal Bank of Canada (14.71%), BROOKFIELD Corp ON (13.47%), CIBC Asset Management Inc (4.27%), Mackenzie Financial Corp (2.37%), TD Asset Management Inc (1.46%) and National Bank of Canada FI (1.34%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $9.04.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.38 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.70 on an earnings per share basis.

How many employees does TransAlta have?

The company employs 1,222 workers across the globe.

How can I contact TransAlta?

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The official website for the company is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at investor_relations@transalta.com, or via fax at 1-403-267-7405.

This page (NYSE:TAC) was last updated on 9/22/2023 by MarketBeat.com Staff

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