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DOW   36,054.43
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14 best consumer staples dividend stocks
Lithium Discovery So BIG You Can't Miss it, Even From Space (Ad)
Ex dividend date vs record date: What’s the difference?
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All the trading advice you’ve ever received boils down to this (Ad)
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6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Lithium Discovery So BIG You Can't Miss it, Even From Space (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Lithium Discovery So BIG You Can't Miss it, Even From Space (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Lithium Discovery So BIG You Can't Miss it, Even From Space (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
All the trading advice you’ve ever received boils down to this (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
All the trading advice you’ve ever received boils down to this (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

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

$8.15
+0.08 (+0.99%)
(As of 12/6/2023 ET)
Compare
Today's Range
$8.11
$8.27
50-Day Range
$7.31
$8.80
52-Week Range
$7.22
$10.40
Volume
336,524 shs
Average Volume
386,672 shs
Market Capitalization
$2.53 billion
P/E Ratio
5.16
Dividend Yield
1.96%
Price Target
$16.00

TransAlta MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
96.2% Upside
$16.00 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.88mentions of TransAlta in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-74.73%
From $1.82 to $0.46 Per Share

Overall MarketRank

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

2.75 out of 5 stars

Utilities Sector

10th out of 85 stocks

Electric Services Industry

7th out of 36 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

Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
Comparing Heliogen (NYSE:HLGN) & TransAlta (NYSE:TAC)
TransAlta Corporation
TransAlta Announces Growth Targets To 2028 - Quick Facts
Lithium Discovery So BIG You Can't Miss it, Even From Space
With the green energy transition well underway, lithium demand is rapidly outpacing projected supply. While companies frantically search for new sources of this critical metal, one small company is sitting on a massive claim in North America - So big in fact that it can clearly be seen from space!
TransAlta Corporation (TZ1.F)
Why the Market Dipped But TransAlta (TAC) Gained Today
TransAlta to Host 2023 Investor Day
TransAlta (TAC) Gains As Market Dips: What You Should Know
TransAlta (TAC) Stock Moves -0.11%: What You Should Know
See More Headlines
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Company Calendar

Ex-Dividend for 10/1 Dividend
8/31/2023
Dividend Payable
10/01/2023
Last Earnings
11/07/2023
Ex-Dividend for 1/1 Dividend
11/30/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/01/2024
Next Earnings (Estimated)
2/22/2024

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 Target
$16.00
High Stock Price Target
$16.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+96.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
25.61%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.75 per share
Book Value
$3.00 per share

Miscellaneous

Free Float
269,273,000
Market Cap
$2.53 billion
Optionable
Not Optionable
Beta
1.08
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Key Executives

  • Mr. John Harry Kousinioris (Age 58)
    President, CEO & Director
    Comp: $1.85M
  • Mr. Todd John Stack (Age 56)
    Executive VP of Finance & CFO
    Comp: $827.18k
  • Ms. Jane Nyla Fedoretz
    Executive VP of People & Culture and Chief Administrative Officer
  • Mr. Aron John Willis (Age 48)
    Executive Vice President of Project Delivery & Construction
    Comp: $623.06k
  • Ms. Kerry O'Reilly Wilks (Age 45)
    Executive Vice President of Growth & Energy Marketing
    Comp: $801.66k
  • 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?

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.

What is TransAlta's stock price target for 2024?

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.

How have TAC shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting TransAlta?

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
.

When is TransAlta's next earnings date?

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

How were TransAlta's earnings last quarter?

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%.

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

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
.

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 1.93%. 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.

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 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
.

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.

This page (NYSE:TAC) was last updated on 12/7/2023 by MarketBeat.com Staff

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