NYSE:TAC TransAlta - TAC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TransAlta Co. Please log in to your account or sign up in order to add this asset to your watchlist. $7.78 0.00 (0.00%) (As of 03/24/2023 02:30 PM ET) Add Compare Share Share Today's Range$7.69▼$7.8050-Day Range$7.78▼$9.7452-Week Range$7.55▼$11.85Volume85,511 shsAverage Volume348,046 shsMarket Capitalization$2.09 billionP/E Ratio389.00Dividend Yield2.06%Price Target$16.10 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media TransAlta MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside107.5% Upside$16.10 Price TargetShort InterestBearish0.90% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-20.00%From $0.70 to $0.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 starsUtilities Sector66th out of 86 stocksElectric Services Industry33rd out of 41 stocks 3.3 Analyst's Opinion Consensus RatingTransAlta has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.10, TransAlta has a forecasted upside of 107.5% from its current price of $7.76.Amount of Analyst CoverageTransAlta has only been the subject of 2 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted0.90% of the float of TransAlta has been sold short.Short Interest Ratio / Days to CoverTransAlta has a short interest ratio ("days to cover") of 6.5.Change versus previous monthShort interest in TransAlta has recently increased by 4.13%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldTransAlta pays a meaningful dividend of 2.05%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTransAlta does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of TransAlta is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, TransAlta will have a dividend payout ratio of 28.57% next year. This indicates that TransAlta will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TAC. Previous Next 1.2 News and Social Media Coverage News SentimentTransAlta has a news sentiment score of 0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.43 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 1 news article for TransAlta this week, compared to 3 articles on an average week.Search InterestOnly 15 people have searched for TAC on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TransAlta insiders have not sold or bought any company stock.Percentage Held by Insiders13.10% of the stock of TransAlta is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions64.37% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for TransAlta are expected to decrease by -20.00% in the coming year, from $0.70 to $0.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TransAlta is 388.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 118.86.Price to Earnings Ratio vs. SectorThe P/E ratio of TransAlta is 388.00, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 103.77.Price to Book Value per Share RatioTransAlta has a P/B Ratio of 2.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TransAlta (NYSE:TAC) StockTransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.Read More Receive TAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TransAlta and its competitors with MarketBeat's FREE daily newsletter. Email Address TAC Stock News HeadlinesMarch 16, 2023 | americanbankingnews.comTransAlta (NYSE:TAC) Earns Hold Rating from Analysts at StockNews.comFebruary 23, 2023 | finance.yahoo.comTransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045March 24, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …January 23, 2023 | reuters.comTAC.MW - | Stock Price & Latest News | ReutersDecember 15, 2022 | finance.yahoo.comTransAlta Announces Outlook for 2023 and Update on Corporate StrategyNovember 15, 2022 | finance.yahoo.comTransAlta Announces Pricing of US$400 Million Senior Green Bond OfferingOctober 18, 2022 | fool.caGet Passive Income of $500/Month With This TSX Stock - The Motley Fool CanadaOctober 14, 2022 | ca.finance.yahoo.comTSX Falls Short of Breakeven - Yahoo Canada FinanceMarch 24, 2023 | Weiss Ratings (Ad)Urgent WarningThis was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …October 14, 2022 | ca.finance.yahoo.comBear Market: 2 Safe TSX Stocks to Buy Right Now - Yahoo Canada FinanceOctober 11, 2022 | benzinga.comMedia Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call - Trans - BenzingaOctober 11, 2022 | finance.yahoo.comMedia Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference CallOctober 8, 2022 | finance.yahoo.com10 Monthly Dividend Stocks with Over 4% Yield - Yahoo FinanceSeptember 30, 2022 | baystreet.ca2 Top Dividend Stocks That Yield 6.2% - Baystreet.caSeptember 30, 2022 | fool.caWant Monthly Passive Income? 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Email Address TAC Company Calendar Last Earnings11/09/2021Ex-Dividend for 1/1 Dividend11/30/2022Dividend Payable1/01/2023Ex-Dividend for 4/1 Dividend2/28/2023Today3/24/2023Dividend Payable4/01/2023Next Earnings (Estimated)5/05/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:TAC CUSIPN/A CIK1144800 Webwww.transalta.com Phone(403) 267-7110Fax1-403-267-7405Employees1,222Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.10 High Stock Price Forecast$17.50 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+107.5%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.02 Trailing P/E Ratio388.00 Forward P/E Ratio11.09 P/E GrowthN/ANet Income$38.46 million Net Margins1.19% Pretax Margin11.86% Return on Equity0.08% Return on Assets0.01% Debt Debt-to-Equity Ratio3.32 Current Ratio1.29 Quick Ratio1.23 Sales & Book Value Annual Sales$2.29 billion Price / Sales0.91 Cash Flow$1.73 per share Price / Cash Flow4.48 Book Value$3.00 per share Price / Book2.59Miscellaneous Outstanding Shares268,250,000Free Float233,108,000Market Cap$2.08 billion OptionableNot Optionable Beta1.06 Key ExecutivesJohn Harry KousiniorisPresident, Chief Executive Officer & DirectorTodd J. StackChief Financial Officer & Executive Vice PresidentAron J. WillisExecutive Vice President-GrowthBrent WardTreasurer, SVP-Strategy, Mergers & AcquisitionsMichelle CameronController & Managing DirectorKey CompetitorsPampa EnergíaNYSE:PAMKenonNYSE:KENOtter TailNASDAQ:OTTREnel ChileNYSE:ENICCompanhia Paranaense de Energia - COPELNYSE:ELPView All CompetitorsInstitutional OwnershipLegal & General Group PlcSold 6,653 shares on 2/15/2023Ownership: 0.060%Susquehanna Fundamental Investments LLCSold 35,200 shares on 2/15/2023Ownership: 0.039%CI Private Wealth LLCBought 71,810 shares on 2/15/2023Ownership: 0.027%Man Group plcBought 1,800 shares on 2/15/2023Ownership: 0.007%Lazard Asset Management LLCBought 6,162 shares on 2/15/2023Ownership: 0.002%View All Institutional Transactions TAC Stock - Frequently Asked Questions Should I buy or sell TransAlta stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 2 buy ratings 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. What is TransAlta's stock price forecast for 2023? 3 Wall Street research analysts have issued 12-month price targets for TransAlta's stock. Their TAC share price forecasts range from $14.00 to $17.50. On average, they predict the company's share price to reach $16.10 in the next twelve months. This suggests a possible upside of 107.5% from the stock's current price. View analysts price targets for TAC or view top-rated stocks among Wall Street analysts. How have TAC shares performed in 2023? TransAlta's stock was trading at $8.97 at the beginning of the year. Since then, TAC stock has decreased by 13.5% and is now trading at $7.76. View the best growth stocks for 2023 here. When is TransAlta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. View our TAC earnings forecast. How were TransAlta's earnings last quarter? TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) EPS for the quarter, missing the consensus estimate of $0.16 by $1.51. The utilities provider had revenue of $675.10 million for the quarter. TransAlta had a trailing twelve-month return on equity of 0.08% and a net margin of 1.19%. During the same period in the prior year, the firm earned ($0.37) EPS. How often does TransAlta pay dividends? What is the dividend yield for TransAlta? TransAlta announced a quarterly dividend on Monday, December 12th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.041 per share on Saturday, April 1st. This represents a $0.16 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, February 28th. 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 $0.16 per share and currently has a dividend yield of 2.05%. The dividend payout ratio is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TAC will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TAC. 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). What is TransAlta's stock symbol? TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC." Who are TransAlta's major shareholders? TransAlta's stock is owned by a number of institutional and retail investors. Top institutional investors include CIBC Asset Management Inc (4.10%), Mackenzie Financial Corp (2.02%), Connor Clark & Lunn Investment Management Ltd. (1.58%), TD Asset Management Inc (1.58%), Toronto Dominion Bank (1.24%) and Intact Investment Management Inc. (1.21%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is TransAlta's stock price today? One share of TAC stock can currently be purchased for approximately $7.76. How much money does TransAlta make? TransAlta (NYSE:TAC) has a market capitalization of $2.08 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.02 on an earnings per share basis. How many employees does TransAlta have? The company employs 1,222 workers across the globe. How can I contact TransAlta? TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The official website for the company is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at investor_relations@transalta.com, or via fax at 1-403-267-7405. This page (NYSE:TAC) was last updated on 3/24/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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