NYSE:TAC

TransAlta Stock Forecast, Price & News

$10.42
+0.10 (+0.97 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$10.24
$10.46
50-Day Range
$9.02
$10.42
52-Week Range
$5.72
$10.46
Volume338,204 shs
Average Volume160,087 shs
Market Capitalization$2.82 billion
P/E RatioN/A
Dividend Yield1.29%
Beta1.26
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.

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MarketRank

Overall MarketRank

2.28 out of 5 stars

Analyst Opinion: 3.4Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
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TransAlta (NYSE:TAC) Frequently Asked Questions

Is TransAlta a buy right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TransAlta stock.
View analyst ratings for TransAlta
or view top-rated stocks.

What stocks does MarketBeat like better than TransAlta?

Wall Street analysts have given TransAlta a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TransAlta wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting TransAlta?

TransAlta saw a increase in short interest in July. As of July 15th, there was short interest totaling 336,600 shares, an increase of 25.0% from the June 30th total of 269,300 shares. Based on an average trading volume of 200,700 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.1% of the company's stock are sold short.
View TransAlta's Short Interest
.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for TransAlta
.

How can I listen to TransAlta's earnings call?

TransAlta will be holding an earnings conference call on Tuesday, August 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-390-0541 with passcode "902288#".

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Thursday, May, 13th. The utilities provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.24. The utilities provider had revenue of $506.98 million for the quarter. TransAlta had a negative net margin of 16.92% and a negative trailing twelve-month return on equity of 8.59%.
View TransAlta's earnings history
.

How has TransAlta's stock price been impacted by Coronavirus?

TransAlta's stock was trading at $5.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TAC shares have increased by 87.7% and is now trading at $10.42.
View which stocks have been most impacted by COVID-19
.

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

TransAlta announced a quarterly dividend on Wednesday, May 5th. Investors of record on Tuesday, June 1st will be paid a dividend of $0.0367 per share on Thursday, July 1st. This represents a $0.15 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 28th. 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 $0.13 per share and currently has a dividend yield of 1.29%.
View TransAlta's dividend history.

What price target have analysts set for TAC?

7 brokers have issued 12 month price targets for TransAlta's shares. Their forecasts range from $12.00 to $18.00. On average, they anticipate TransAlta's stock price to reach $14.25 in the next year. This suggests a possible upside of 36.8% 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.

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), 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 retail and institutional investors. Top institutional investors include Versor Investments LP (0.01%).
View institutional ownership trends for TransAlta
.

Which institutional investors are buying TransAlta stock?

TAC stock was bought by a variety of institutional investors in the last quarter, including Versor Investments LP.
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 $10.42.

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 $-214,250,000.00 in net income (profit) each year or ($0.38) 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?

TransAlta is headquartered at 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1.

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]


This page was last updated on 7/31/2021 by MarketBeat.com Staff
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