TransAlta - TAC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 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.

4 Wall Street analysts have issued 12 month price targets for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they expect the company's share price to reach $16.10 in the next twelve months. This suggests a possible upside of 102.0% 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 stock has decreased by 11.1% and is now trading at $7.97.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) posted its earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) EPS for the quarter, missing analysts' consensus estimates of $0.16 by $1.51. The utilities provider earned $675.10 million during the quarter. TransAlta had a trailing twelve-month return on equity of 0.08% and a net margin of 1.19%. During the same period in the prior year, the company earned ($0.37) EPS.

TransAlta announced a quarterly dividend on Monday, December 12th. Investors of record on Wednesday, March 1st will be given a dividend of $0.041 per share on Saturday, April 1st. This represents a $0.16 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Tuesday, February 28th. This is a positive change 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 2.03%. The dividend payout ratio is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TAC will have a dividend payout ratio of 28.57% 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 many different institutional and retail investors. Top institutional investors include CIBC Asset Management Inc (4.10%), Mackenzie Financial Corp (2.02%), Connor Clark & Lunn Investment Management Ltd. (1.58%), TD Asset Management Inc (1.58%), Toronto Dominion Bank (1.24%) and Intact Investment Management Inc. (1.21%).
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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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One share of TAC stock can currently be purchased for approximately $7.97.

TransAlta (NYSE:TAC) has a market capitalization of $2.14 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.02 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.