TransAlta Stock Price, News & Analysis (NYSE:TAC)

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 4 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.

4 Wall Street analysts have issued 1 year price objectives for TransAlta's stock. Their TAC share price targets range from $16.00 to $16.00. On average, they expect the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 96.2% 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 beginning of the year. Since then, TAC stock has decreased by 9.1% and is now trading at $8.1550.
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TransAlta saw a drop in short interest in October. As of October 31st, there was short interest totaling 3,020,000 shares, a drop of 23.4% from the October 15th total of 3,940,000 shares. Based on an average daily trading volume, of 469,300 shares, the days-to-cover ratio is presently 6.4 days. Currently, 1.0% of the shares of the stock are short sold.
View TransAlta's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) released its earnings results on Tuesday, November, 7th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.57. The utilities provider had revenue of $758.14 million for the quarter. TransAlta had a net margin of 16.56% and a trailing twelve-month return on equity of 39.38%.

TransAlta announced a quarterly dividend on Wednesday, November 22nd. Shareholders 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 2.14%. The ex-dividend date is Thursday, February 29th. This is a boost from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TAC.

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 10.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 34.78% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

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's stock is owned by a variety of retail and institutional investors. Top institutional investors include Royal Bank of Canada (12.69%), CIBC Asset Management Inc (3.63%), Marquard & Bahls AG (3.55%), Mackenzie Financial Corp (2.01%), Rubric Capital Management LP (1.42%) and TD Asset Management Inc (1.23%).
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.
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