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NYSE:TAC - TransAlta Stock Price, Forecast & News

$5.03
-0.08 (-1.57 %)
(As of 03/31/2020 06:08 AM ET)
Today's Range
$4.77
Now: $5.03
$5.07
50-Day Range
$3.80
MA: $6.63
$8.50
52-Week Range
$3.63
Now: $5.03
$8.50
Volume496,897 shs
Average Volume728,733 shs
Market Capitalization$1.39 billion
P/E Ratio33.54
Dividend Yield2.54%
Beta1.05
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 9,331 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone403-267-7110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.88 per share
Book Value$8.48 per share

Profitability

Net Income$61.79 million

Miscellaneous

Employees1,883
Market Cap$1.39 billion
Next Earnings Date5/12/2020 (Estimated)
OptionableNot Optionable

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TransAlta (NYSE:TAC) Frequently Asked Questions

How has TransAlta's stock been impacted by COVID-19 (Coronavirus)?

TransAlta's stock was trading at $5.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TAC stock has decreased by 9.4% and is now trading at $5.03. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of TransAlta?

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

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, May 12th 2020. View our earnings forecast for TransAlta.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) announced its quarterly earnings data on Wednesday, March, 4th. The utilities provider reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.03. The utilities provider had revenue of $461.42 million for the quarter. TransAlta had a negative return on equity of 0.19% and a net margin of 3.52%. View TransAlta's earnings history.

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

TransAlta declared a quarterly dividend on Thursday, January 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.033 per share on Wednesday, April 1st. This represents a $0.13 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from TransAlta's previous quarterly dividend of $0.03. View TransAlta's dividend history.

What price target have analysts set for TAC?

5 brokerages have issued 12-month target prices for TransAlta's shares. Their forecasts range from $8.50 to $13.00. On average, they expect TransAlta's share price to reach $10.63 in the next twelve months. This suggests a possible upside of 111.2% from the stock's current price. View analysts' price targets for TransAlta.

Has TransAlta been receiving favorable news coverage?

Media coverage about TAC stock has been trending very negative this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. 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 media sentiment score of -3.7 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutTransAlta.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,979,600 shares, an increase of 324.9% from the February 27th total of 465,900 shares. Based on an average daily trading volume, of 508,300 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.7% of the shares of the company are sold short. View TransAlta's Current Options Chain.

Who are some of TransAlta's key competitors?

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), Advanced Micro Devices (AMD), AT&T (T), Suncor Energy (SU), Bristol-Myers Squibb (BMY), Enbridge (ENB), General Electric (GE), AbbVie (ABBV), Energy Transfer LP Unit (ET) and Ford Motor (F).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Ms. Dawn Lorraine Farrell, Pres, CEO & Director (Age 59)
  • Mr. Christophe Dehout, Chief Financial Officer
  • Mr. Brett M. Gellner, Chief Strategy & Investment Officer (Age 55)
  • Mr. John Harry Kousinioris, Chief Growth Officer (Age 54)
  • Mr. Wayne Alexander Collins BEng (Elect), BBus, CPEng, GAICD, Exec. Vice-Pres of Coal & Mining Operations

What is TransAlta's stock symbol?

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

How do I buy shares of 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.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $5.03.

How big of a company is TransAlta?

TransAlta has a market capitalization of $1.39 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. View additional information about TransAlta.

What is TransAlta's official website?

The official website for TransAlta is http://www.transalta.com/.

How can I contact TransAlta?

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]


MarketBeat Community Rating for TransAlta (NYSE TAC)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  221 (Vote Outperform)
Underperform Votes:  386 (Vote Underperform)
Total Votes:  607
MarketBeat's community ratings are surveys of what our community members think about TransAlta and other stocks. Vote "Outperform" if you believe TAC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TAC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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