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NYSE:TAC

TransAlta Stock Forecast, Price & News

$10.39
+0.14 (+1.37%)
(As of 12/6/2021 11:20 AM ET)
Add
Compare
Today's Range
$10.27
$10.43
50-Day Range
$10.02
$11.59
52-Week Range
$6.80
$11.80
Volume
1,510 shs
Average Volume
153,139 shs
Market Capitalization
$2.82 billion
P/E Ratio
N/A
Dividend Yield
1.53%
Beta
1.16
30 days | 90 days | 365 days | Advanced Chart
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TransAlta logo

About TransAlta

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind & Solar, Hydro, Energy Marketing and Corporate. The Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, and Hydro segments are responsible for constructing, operating and maintaining its electrical generation. The Energy Marketing segment engages in marketing its production through short-term and long-term contracts. The Corporate segment deals with its central financial, legal, administrative, and investing functions. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

Headlines

TransAlta (NYSE:TAC) PT Raised to $14.00 at National Bank Financial
November 11, 2021 |  americanbankingnews.com
TransAlta (NYSE:TAC) Price Target Raised to C$14.00
November 11, 2021 |  americanbankingnews.com
TransAlta Declares Dividends - Benzinga - Benzinga
November 1, 2021 |  benzinga.com
See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,476
Year Founded
N/A

Sales & Book Value

Annual Sales
$1.57 billion
Cash Flow
$1.97 per share
Book Value
$5.02 per share

Profitability

Net Income
$-214.25 million
Pretax Margin
-19.08%

Debt

Price-To-Earnings

Miscellaneous

Free Float
N/A
Market Cap
$2.82 billion
Optionable
Not Optionable

Company Calendar

Last Earnings
11/09/2021
Ex-Dividend
11/30/2021
Today
12/06/2021
Fiscal Year End
12/31/2021
Dividend Payable
1/01/2022
Next Earnings (Estimated)
3/02/2022

MarketRank

Overall MarketRank

2.22 out of 5 stars

Utilities Sector

43rd out of 122 stocks

Electric Services Industry

16th out of 57 stocks

Analyst Opinion: 4.4Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 0.6 5 -4 -3 -2 -1 -












TransAlta (NYSE:TAC) Frequently Asked Questions

Is TransAlta a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TransAlta stock.
View analyst ratings for TransAlta
or view top-rated stocks.

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

TransAlta's stock was trading at $5.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TAC stock has increased by 87.2% and is now trading at $10.39.
View which stocks have been most impacted by COVID-19
.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in November. As of November 15th, there was short interest totaling 367,800 shares, an increase of 32.1% from the October 31st total of 278,500 shares. Based on an average daily trading volume, of 169,400 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.1% of the company's shares are short sold.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Wednesday, March 2nd 2022.
View our earnings forecast for TransAlta
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) released its earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $1.51. The utilities provider had revenue of $675.10 million for the quarter. TransAlta had a negative net margin of 23.44% and a positive trailing twelve-month return on equity of 5.17%. During the same period in the previous year, the firm earned ($0.37) earnings per share.
View TransAlta's earnings history
.

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

TransAlta announced a quarterly dividend on Tuesday, September 28th. Stockholders of record on Wednesday, December 1st will be given a dividend of $0.04 per share on Saturday, January 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Tuesday, November 30th. This is an increase from TransAlta's previous quarterly dividend of $0.04.
View TransAlta's dividend history
.

Is TransAlta a good dividend stock?

TransAlta pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.53%.
View TransAlta's dividend history.

What price target have analysts set for TAC?

8 equities research analysts have issued 1 year price objectives for TransAlta's shares. Their forecasts range from $14.00 to $17.50. On average, they anticipate TransAlta's share price to reach $16.25 in the next year. This suggests a possible upside of 56.4% from the stock's current price.
View analysts' price targets for TransAlta
or view top-rated stocks among Wall Street analysts.

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • John Harry Kousinioris, President, Chie Executive Officer & Director
  • Todd J. Stack, Chief Financial Officer & Executive Vice President
  • Parviz Mohamed, Vice President-Information Technology
  • Brent Ward, Managing Director-Treasury
  • Wayne Collins, Executive Vice President-Generation

What is Dawn Farrell's approval rating as TransAlta's CEO?

78 employees have rated TransAlta CEO Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among TransAlta'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 variety of institutional and retail investors. Top institutional investors include Brookfield Asset Management Inc. (13.07%), CIBC Asset Management Inc (3.77%), Connor Clark & Lunn Investment Management Ltd. (2.24%), TD Asset Management Inc. (1.63%), Toronto Dominion Bank (1.50%) and Mackenzie Financial Corp (1.25%).
View institutional ownership trends for TransAlta
.

Which major investors are selling TransAlta stock?

TAC stock was sold by a variety of institutional investors in the last quarter, including Bluescape Energy Partners LLC, Renaissance Technologies LLC, Point72 Asset Management L.P., PCJ Investment Counsel Ltd., Intact Investment Management Inc., Marshall Wace LLP, Deutsche Bank AG, and Two Sigma Investments LP.
View insider buying and selling activity for TransAlta
or view top insider-selling stocks.

Which major investors are buying TransAlta stock?

TAC stock was purchased by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., CIBC Asset Management Inc, Mackenzie Financial Corp, Millennium Management LLC, Goldman Sachs Group Inc., The Manufacturers Life Insurance Company , BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and NewGen Asset Management Ltd.
View insider buying and selling activity for TransAlta
or or view top insider-buying stocks.

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 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 $10.39.

How much money does TransAlta make?

TransAlta has a market capitalization of $2.82 billion and generates $1.57 billion in revenue each year. The utilities provider earns $-214.25 million in net income (profit) each year or ($1.93) on an earnings per share basis.

How many employees does TransAlta have?

TransAlta employs 1,476 workers across the globe.

What is TransAlta's official website?

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

Where are TransAlta's headquarters?

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, via email at [email protected], or via fax at 1-403-267-7405.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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