TransAlta Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TransAlta stock.
View analyst ratings for TransAlta or view top-rated stocks.

10 Wall Street research analysts have issued 1 year price objectives for TransAlta's shares. Their TAC stock forecasts range from $14.00 to $17.50. On average, they anticipate TransAlta's share price to reach $16.44 in the next year. This suggests a possible upside of 41.5% from the stock's current price.
View analysts' price targets for TransAlta or view top-rated stocks among Wall Street analysts.

TransAlta's stock was trading at $11.12 on January 1st, 2022. Since then, TAC shares have increased by 4.5% and is now trading at $11.62.
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TransAlta saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 628,800 shares, an increase of 25.7% from the May 31st total of 500,400 shares. Based on an average daily volume of 305,500 shares, the short-interest ratio is currently 2.1 days. Approximately 0.3% of the company's shares are sold short.
View TransAlta's Short Interest.

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for TransAlta.

TransAlta Co. (NYSE:TAC) issued its quarterly earnings data on Friday, May, 6th. The utilities provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.36. The utilities provider had revenue of $580.27 million for the quarter, compared to the consensus estimate of $536.65 million. TransAlta had a positive trailing twelve-month return on equity of 13.73% and a negative net margin of 12.08%. During the same period last year, the firm posted ($0.02) earnings per share.
View TransAlta's earnings history.

TransAlta announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 1st will be given a dividend of $0.04 per share on Friday, July 1st. This represents a $0.16 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, May 31st. This is a positive change from TransAlta's previous quarterly dividend of $0.04.
View TransAlta's dividend history.

TransAlta(NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.40%.
View TransAlta's dividend history.

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.

Some companies that are related to TransAlta include Korea Electric Power (KEP), Engie Brasil Energia (EGIEY), Vistra (VST), China Resources Power (CRPJY), Tenaga Nasional Berhad (TNABY), Brookfield Renewable Partners (BEP), Algonquin Power & Utilities (AQN), NRG Energy (NRG), Pinnacle West Capital (PNW), OGE Energy (OGE), Huaneng Power International (HNP), Enel Américas (ENIA), Clearway Energy (CWEN), NextEra Energy Partners (NEP) and Brookfield Renewable (BEPC).
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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).

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

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.
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One share of TAC stock can currently be purchased for approximately $11.62.

TransAlta (NYSE:TAC) has a market capitalization of $3.14 billion and generates $2.17 billion in revenue each year. The utilities provider earns $-428.47 million in net income (profit) each year or ($1.06) on an earnings per share basis.

TransAlta employs 1,282 workers across the globe.

TransAlta's mailing address is 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1. The official website for TransAlta is www.transalta.com. 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.