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NYSE:TAC

TransAlta (TAC) Stock Price, News & Analysis

$7.16
-0.10 (-1.38%)
(As of 11:21 AM ET)
Today's Range
$7.14
$7.25
50-Day Range
$6.07
$7.32
52-Week Range
$5.94
$10.40
Volume
130,374 shs
Average Volume
752,884 shs
Market Capitalization
$2.18 billion
P/E Ratio
4.62
Dividend Yield
2.51%
Price Target
N/A

TransAlta MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.50mentions of TransAlta in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.00%
From $0.72 to $0.54 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.

1.15 out of 5 stars

Utilities Sector

77th out of 90 stocks

Electric Services Industry

35th out of 42 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 Corporation (TAC)
TransAlta (NYSE:TAC) Sees Large Volume Increase
TransAlta: Q1 Earnings Snapshot
TransAlta Reports First Quarter 2024 Results
TransAlta (TAC) Gets a Buy from RBC Capital
TransAlta Declares Dividends
TransAlta Corp is Now Oversold (TAC)
TransAlta Appoints Joel Hunter As CFO
TransAlta initiates automatic share buyback plan
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
5/20/2024
Ex-Dividend for 7/1 Dividend
5/31/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
8/02/2024
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
23.77%

Debt

Sales & Book Value

Annual Sales
$2.49 billion
Cash Flow
$2.92 per share
Book Value
$1.73 per share

Miscellaneous

Free Float
264,640,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
0.83
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Key Executives

  • Mr. John Harry Kousinioris (Age 59)
    President, CEO & Director
    Comp: $1.68M
  • Mr. Todd John Stack (Age 57)
    Executive VP of Finance & CFO
    Comp: $755.72k
  • 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: $820.97k
  • Mr. Chris Fralick
    Executive Vice President of Generation
  • Chiara Valentini
    Manager of Investor Relations
  • Ms. Nancy L. Brennan
    Executive Vice President of Legal
  • 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: $618.44k

TAC Stock Analysis - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

1 Wall Street 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 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 shares have decreased by 12.6% and is now trading at $7.26.
View the best growth stocks for 2024 here
.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,790,000 shares, an increase of 35.7% from the April 15th total of 3,530,000 shares. Based on an average daily volume of 863,200 shares, the short-interest ratio is presently 5.5 days. Currently, 1.6% of the company's shares 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 Friday, August 2nd 2024.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Friday, February, 23rd. The utilities provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by $0.30. The utilities provider earned $624 million during the quarter, compared to analysts' expectations of $305.79 million. TransAlta had a net margin of 18.70% and a trailing twelve-month return on equity of 45.47%. The company's revenue was down 26.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) EPS.

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

TransAlta declared a quarterly dividend on Wednesday, April 24th. Stockholders of record on Saturday, June 1st will be paid a dividend of $0.0438 per share on Monday, July 1st. This represents a $0.18 annualized dividend and a yield of 2.41%. The ex-dividend date is Friday, May 31st. 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 $0.18 per share and currently has a dividend yield of 2.45%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 33.33% 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 273,969 shares of TAC stock, representing 1.00% 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 institutional and retail investors. Top institutional investors include BROOKFIELD Corp ON (11.66%), Vanguard Group Inc. (3.30%), National Bank of Canada FI (1.09%), Toronto Dominion Bank (0.75%), Acadian Asset Management LLC (0.21%) and Jupiter Asset Management Ltd. (0.19%).
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 5/21/2024 by MarketBeat.com Staff

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