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NYSE:TAC - TransAlta Stock Price, Forecast & News

$7.92
-0.34 (-4.12 %)
(As of 02/27/2020 02:43 AM ET)
Today's Range
$7.91
Now: $7.92
$8.30
50-Day Range
$6.59
MA: $7.56
$8.50
52-Week Range
$5.69
Now: $7.92
$8.50
Volume770,300 shs
Average Volume441,179 shs
Market Capitalization$2.20 billion
P/E RatioN/A
Dividend Yield1.45%
Beta1.21
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. Read More…

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$1.74 billion
Cash Flow$1.45 per share
Book Value$8.65 per share

Profitability

Net Income$-152,760,000.00

Miscellaneous

Employees1,883
Market Cap$2.20 billion
Next Earnings Date3/4/2020 (Confirmed)
OptionableNot Optionable

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TransAlta (NYSE:TAC) Frequently Asked Questions

What is TransAlta's stock symbol?

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

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

TransAlta announced a quarterly dividend on Thursday, January 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.033 per share on Wednesday, April 1st. This represents a $0.13 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from TransAlta's previous quarterly dividend of $0.03. View TransAlta's Dividend History.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Friday, August, 9th. The utilities provider reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.06. The utilities provider earned $371.56 million during the quarter. TransAlta had a negative return on equity of 4.91% and a negative net margin of 4.07%. View TransAlta's Earnings History.

When is TransAlta's next earnings date?

TransAlta is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for TransAlta.

How can I listen to TransAlta's earnings call?

TransAlta will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What price target have analysts set for TAC?

7 Wall Street analysts have issued twelve-month price objectives for TransAlta's stock. Their forecasts range from $10.00 to $13.00. On average, they anticipate TransAlta's stock price to reach $11.00 in the next year. This suggests a possible upside of 38.9% from the stock's current price. View Analyst Price Targets for TransAlta.

What is the consensus analysts' recommendation for TransAlta?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TransAlta.

Has TransAlta been receiving favorable news coverage?

Media stories about TAC stock have trended somewhat positive this week, according to InfoTrie. The research firm rates the sentiment of news coverage by monitoring 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 closest to five being the most favorable. TransAlta earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for TransAlta.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in February. As of February 14th, there was short interest totalling 1,800,000 shares, an increase of 39.5% from the January 30th total of 1,290,000 shares. Based on an average trading volume of 304,400 shares, the days-to-cover ratio is currently 5.9 days. Currently, 0.7% of the company's shares 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), Suncor Energy (SU), AT&T (T), Bristol-Myers Squibb (BMY), Enbridge (ENB), Ford Motor (F), General Electric (GE), Energy Transfer LP Unit (ET) and Restaurant Brands International (QSR).

Who are TransAlta's key executives?

TransAlta's management team includes the folowing 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

Who are TransAlta's major shareholders?

TransAlta's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (7.03%), Brookfield Asset Management Inc. (5.06%), Brookfield Asset Management Inc. (5.05%), Bluescape Energy Partners LLC (3.00%), Toronto Dominion Bank (2.04%) and Renaissance Technologies LLC (1.06%). View Institutional Ownership Trends for TransAlta.

Which institutional investors are selling TransAlta stock?

TAC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, CIBC World Markets Inc., ARP Americas LP, Public Sector Pension Investment Board, Fiera Capital Corp, TD Asset Management Inc., Russell Investments Group Ltd. and Mitsubishi UFJ Trust & Banking Corp. View Insider Buying and Selling for TransAlta.

Which institutional investors are buying TransAlta stock?

TAC stock was acquired by a variety of institutional investors in the last quarter, including Bluescape Energy Partners LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, MUFG Securities EMEA plc, Connor Clark & Lunn Investment Management Ltd., Marshall Wace LLP, Toronto Dominion Bank and Marshall Wace North America L.P.. View Insider Buying and Selling for TransAlta.

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 $7.92.

How big of a company is TransAlta?

TransAlta has a market capitalization of $2.20 billion and generates $1.74 billion in revenue each year. The utilities provider earns $-152,760,000.00 in net income (profit) each year or ($0.53) 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:  215 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  595
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 2/27/2020 by MarketBeat.com Staff

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