TransAlta (TAC) Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our TAC earnings forecast.

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.

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.

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

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.

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.

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).

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

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.

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.

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

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.

The company employs 1,222 workers across the globe.

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.