S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
How major US stock indexes fared Friday, 4/19/2024
Stock market today: Tumbling tech stocks drag Wall Street to the finish line of another losing week
American Express profits jump 34%, helped by jump in new customers, higher spending
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
Intuitive Surgical Stock Can Trend Much Higher This Year 
3 Magnificent Seven Stocks Outperforming the Rest
Bargain Hunting: 3 Stocks With RSIs That Scream Oversold
NYSE:TAC

TransAlta (TAC) Stock Price, News & Analysis

$6.45
+0.02 (+0.31%)
(As of 04/19/2024 ET)
Today's Range
$6.38
$6.55
50-Day Range
$6.07
$7.33
52-Week Range
$5.94
$10.40
Volume
1.02 million shs
Average Volume
701,252 shs
Market Capitalization
$1.98 billion
P/E Ratio
3.52
Dividend Yield
2.33%
Price Target
N/A

TransAlta MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of TransAlta in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.00%
From $0.50 to $0.53 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.03 out of 5 stars

Utilities Sector

54th out of 90 stocks

Electric Services Industry

24th out of 40 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 holds interest of approximately 922 megawatts (MW) of owned hydroelectric generating capacity located in Alberta, British Columbia, and Ontario. The Wind and Solar segment has a net ownership interest of approximately 2,057 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; the states of Massachusetts, Minnesota, New Hampshire, North Carolina, Pennsylvania, Washington, and Wyoming in the United States; and the state of Western Australia. The Gas segment has a net ownership interest of approximately 2,775 MW of owned gas electrical-generating capacity, and facilities located in Alberta, Ontario, Michigan, and the state of 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. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

TAC Stock Price History

TAC Stock News Headlines

TransAlta (NYSE:TAC) Sets New 12-Month Low at $5.95
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
TransAlta Corp is Now Oversold (TAC)
TransAlta (NYSE:TAC) Hits New 1-Year Low at $6.10
Secret Bull Market Starts in This Unusual Sector
"We're only at the very beginning of a new wave that could deliver 500%-plus gains in the years to come." In fact, 50 small companies related to this sector have already soared 100% or more in a recent 90-day stretch.
TransAlta Appoints Joel Hunter As CFO
TransAlta initiates automatic share buyback plan
TransAlta: The Transition Must Accelerate
HTOO and TAC are among utility movers
TransAlta: Q4 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
2/23/2024
Ex-Dividend for 4/1 Dividend
2/29/2024
Dividend Payable
4/01/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Employees
1,257
Year Founded
N/A

Profitability

Net Income
$514.86 million
Pretax Margin
26.23%

Debt

Sales & Book Value

Annual Sales
$3.36 billion
Cash Flow
$3.00 per share
Book Value
$1.73 per share

Miscellaneous

Free Float
266,639,000
Market Cap
$1.98 billion
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. John Harry Kousinioris (Age 58)
    President, CEO & Director
    Comp: $1.7M
  • Mr. Todd John Stack (Age 56)
    Executive VP of Finance & CFO
    Comp: $762.83k
  • Ms. Jane Nyla Fedoretz
    Executive VP of People & Culture and Chief Administrative Officer
  • Ms. Kerry O'Reilly Wilks (Age 45)
    Executive Vice President of Growth & Energy Marketing
    Comp: $828.69k
  • Mr. Chris Fralick
    Executive Vice President of Generation
  • Chiara Valentini
    Manager of Investor Relations
  • Ms. Stacey Hatcher
    Manager of Communications
  • Ms. Maria Perry
    MD of People & Talent
  • Mr. Aron John Willis (Age 49)
    Executive Vice President of Project Delivery & Construction
    Comp: $624.25k
  • Mr. Gary Woods
    Managing Director of Gas & Renewables

TAC Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 buy rating 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.

How have TAC shares performed in 2024?

TransAlta's stock was trading at $8.31 at the start of the year. Since then, TAC stock has decreased by 22.4% and is now trading at $6.45.
View the best growth stocks for 2024 here
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 3rd 2024.
View our TAC earnings forecast
.

How can I listen to TransAlta's earnings call?

TransAlta will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its earnings results on Friday, February, 23rd. The utilities provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by $0.30. The utilities provider earned $624 million during the quarter, compared to the consensus estimate of $305.79 million. TransAlta had a net margin of 20.05% and a trailing twelve-month return on equity of 48.42%. The firm's quarterly revenue was down 26.9% on a year-over-year basis. During the same period last year, the business posted ($0.45) earnings per share.

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 given a dividend of $0.0437 per share on Monday, April 1st. This represents a $0.17 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Thursday, February 29th. This is a positive change 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 $0.15 per share and currently has a dividend yield of 2.60%. The dividend payout ratio is 8.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 28.30% 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 283,606 shares of TAC stock, representing 0.87% 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 NBC Securities Inc. (0.00%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:TAC) was last updated on 4/19/2024 by MarketBeat.com Staff

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