NYSE:TACTransAlta Stock Price, Forecast & News

TransAlta's stock was trading at $5.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TAC shares have increased by 4.9% and is now trading at $5.82. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta.

TransAlta is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for TransAlta.

TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, May, 12th. The utilities provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The utilities provider had revenue of $813.52 million for the quarter. TransAlta had a net margin of 7.04% and a return on equity of 1.61%. View TransAlta's earnings history.

TransAlta announced a quarterly dividend on Monday, April 20th. Stockholders of record on Monday, June 1st will be given a dividend of $0.03 per share on Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, May 29th. View TransAlta's dividend history.

6 equities research analysts have issued twelve-month target prices for TransAlta's shares. Their forecasts range from $8.50 to $11.00. On average, they expect TransAlta's share price to reach $9.90 in the next year. This suggests a possible upside of 70.1% from the stock's current price. View analysts' price targets for TransAlta.

News coverage about TAC stock has trended extremely negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TransAlta earned a daily sentiment score of -4.8 on InfoTrie's scale. They also gave news coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutTransAlta.

TransAlta saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,890,000 shares, a drop of 28.5% from the April 30th total of 4,040,000 shares. Based on an average daily trading volume, of 790,300 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.1% of the company's shares are sold short. View TransAlta's Current Options Chain.

Some companies that are related to TransAlta include OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY), IDACORP (IDA), Enel Generacion Chile (EOCC), Clearway Energy (CWEN), Hawaiian Electric Industries (HE), TerraForm Power (TERP), Portland General Electric (POR), Black Hills (BKH), Enel Chile (ENIC), Ormat Technologies (ORA), Nextera Energy Partners (NEP) and Companhia Paranaense de Energia (ELP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Bristol-Myers Squibb (BMY), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Motors (GM), Restaurant Brands International (QSR), Starbucks (SBUX), Suncor Energy (SU) and Bank of America (BAC).

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

TransAlta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include CIBC Asset Management Inc (4.29%), Bluescape Energy Partners LLC (2.36%), Toronto Dominion Bank (1.91%), Deutsche Bank AG (1.38%), Connor Clark & Lunn Investment Management Ltd. (1.37%) and Morgan Stanley (0.94%). View institutional ownership trends for TransAlta.

TAC stock was sold by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, Bluescape Energy Partners LLC, Intact Investment Management Inc., Toronto Dominion Bank, Two Sigma Investments LP, Fiera Capital Corp, Mackenzie Financial Corp, and Canada Pension Plan Investment Board. View insider buying and selling activity for TransAlta.

TAC stock was acquired by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Connor Clark & Lunn Investment Management Ltd., Morgan Stanley, Morgan Stanley, JPMorgan Chase & Co., Two Sigma Advisers LP, Spark Investment Management LLC, and Hillsdale Investment Management Inc.. View insider buying and selling activity for TransAlta.

Shares of TAC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TAC stock can currently be purchased for approximately $5.82.

TransAlta has a market capitalization of $1.61 billion and generates $1.77 billion in revenue each year. The utilities provider earns $61.79 million in net income (profit) each year or ($0.09) on an earnings per share basis. TransAlta employs 1,883 workers across the globe.

The official website for TransAlta is www.transalta.com.

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The utilities provider can be reached via phone at 403-267-7110 or via email at [email protected]