NYSE:TAC TransAlta 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. $10.99 +0.19 (+1.76%) (As of 06/24/2022 12:00 AM ET) Add Compare Share Today's Range$10.81▼$10.9950-Day Range$10.45▼$11.5252-Week Range$9.44▼$12.13Volume265,036 shsAverage Volume273,501 shsMarket Capitalization$2.97 billionP/E RatioN/ADividend Yield1.48%Price Target$16.44 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Forecast (MarketRank)Overall MarketRank™2.06 out of 5 starsUtilities Sector68th out of 120 stocksElectric Services Industry29th out of 56 stocksAnalyst Opinion: 3.4Community Rank: 3.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 - 3.4 Analyst's Opinion Consensus RatingTransAlta has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.44, TransAlta has a forecasted upside of 49.6% from its current price of $10.99.Amount of Analyst CoverageTransAlta has received no research coverage in the past 90 days. Previous Next 3.6 Community Rank Outperform VotesTransAlta has received 261 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTransAlta has received 216 “underperform” votes. (Add your “underperform” vote.)Community SentimentTransAlta has received 54.72% “outperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend YieldTransAlta pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTransAlta does not have a long track record of dividend growth.Dividend SustainabilityBased on earnings estimates, TransAlta will have a dividend payout ratio of 47.06% next year. This indicates that TransAlta will be able to sustain or increase its dividend. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TransAlta insiders have not sold or bought any company stock.Percentage Held by Institutions76.49% 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 -46.88% in the coming year, from $0.64 to $0.34 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TransAlta is -10.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of TransAlta is -10.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioTransAlta has a P/B Ratio of 2.26. 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)TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.Read More TAC Stock News HeadlinesJune 22, 2022 | baystreet.caDown Day for Futures - Baystreet.caJune 22, 2022 | baystreet.caStocks Stagger at Outset - Baystreet.caJune 18, 2022 | finance.yahoo.comTransAlta Corporation Announces Conversion Results for Series C and D Preferred Shares - Yahoo FinanceJune 17, 2022 | americanbankingnews.comTransAlta (NYSE:TAC) Sees Large Volume IncreaseJune 16, 2022 | ca.investing.comRetirees: 2 Oversold TSX Dividend Stocks to Buy for Monthly TFSA Passive Income By The Motley Fool - Investing.com CanadaJune 15, 2022 | fool.caRetirees: 2 Oversold TSX Dividend Stocks to Buy for Monthly TFSA Passive Income - The Motley Fool CanadaJune 11, 2022 | ca.investing.com3 Cheap Canadian Stocks With Dividend Yields of Over 5% By The Motley Fool - Investing.com CanadaJune 9, 2022 | finance.yahoo.comCourt of Appeal Upholds TransAlta's Favourable Force Majeure Arbitration DecisionJune 6, 2022 | seekingalpha.comAlgonquin Stock: Dividend Growth Slows & Debt Risks Increase (NYSE:AQN) - Seeking AlphaJune 5, 2022 | americanbankingnews.comTransAlta Co. (NYSE:TAC) Receives Average Rating of "Buy" from BrokeragesJune 3, 2022 | ca.investing.comStart Investing Today: The Balanced 5-Stock Portfolio By The Motley Fool - Investing.com CanadaJune 2, 2022 | marketwatch.comToronto Stocks Climb; TransAlta Renewables Stock Rises on Bondholder Waiver - MarketWatchJune 2, 2022 | finance.yahoo.comTransAlta Renewables Announces Rehabilitation Plan for Kent Hills, Executes 10-year Contract Extension with New Brunswick Power, and Receives Waiver from Project Bondholders - Yahoo FinanceSee More Headlines Industry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:TAC CUSIPN/A CIK1144800 Webwww.transalta.com Phone(403) 267-7110Fax1-403-267-7405Employees1,282Year FoundedN/ACompany Calendar Ex-Dividend for 4/1 Dividend2/28/2022Dividend Payable4/01/2022Last Earnings5/06/2022Ex-Dividend for 7/1 Dividend5/31/2022Today6/24/2022Dividend Payable7/01/2022Next Earnings (Estimated)8/09/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$16.44 High Stock Price Forecast$17.50 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+49.6%Consensus RatingModerate Buy Rating Score (0-4)2.7 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)($1.06) Trailing P/E RatioN/A Forward P/E Ratio17.17 P/E GrowthN/ANet Income$-428.47 million Net Margins-12.08% Pretax Margin-5.74% Return on Equity14.13% Return on Assets2.79% Debt Debt-to-Equity Ratio1.41 Current Ratio1.14 Quick Ratio1.07 Sales & Book Value Annual Sales$2.17 billion Price / Sales1.37 Cash Flow$2.53 per share Price / Cash Flow4.35 Book Value$4.86 per share Price / Book2.26Miscellaneous Outstanding Shares270,603,000Free FloatN/AMarket Cap$2.97 billion OptionableNot Optionable Beta1.08 TransAlta Frequently Asked Questions Should I buy or sell TransAlta stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TransAlta stock. View analyst ratings for TransAlta or view top-rated stocks. What is TransAlta's stock price forecast for 2022? 10 brokerages have issued 12-month target prices for TransAlta's shares. Their TAC stock forecasts range from $14.00 to $17.50. On average, they predict TransAlta's stock price to reach $16.44 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price. View analysts' price targets for TransAlta or view top-rated stocks among Wall Street analysts. How has TransAlta's stock price performed in 2022? TransAlta's stock was trading at $11.12 at the beginning of 2022. Since then, TAC shares have decreased by 1.2% and is now trading at $10.99. View the best growth stocks for 2022 here. Are investors shorting TransAlta? TransAlta saw a drop in short interest in the month of May. As of May 31st, there was short interest totaling 500,400 shares, a drop of 34.2% from the May 15th total of 760,900 shares. Based on an average daily volume of 262,200 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.2% of the company's shares 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 9th 2022. View our earnings forecast for TransAlta. How were TransAlta's earnings last quarter? TransAlta Co. (NYSE:TAC) released its quarterly earnings data on Friday, May, 6th. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.36. The utilities provider had revenue of $580.27 million for the quarter, compared to analysts' expectations of $536.65 million. TransAlta had a negative net margin of 12.08% and a positive trailing twelve-month return on equity of 14.13%. During the same quarter in the prior year, the business posted ($0.02) EPS. View TransAlta's earnings history. How often does TransAlta pay dividends? What is the dividend yield for TransAlta? TransAlta announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.04 per share on Friday, July 1st. This represents a $0.16 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, May 31st. This is a boost from TransAlta's previous quarterly dividend of $0.04. View TransAlta's dividend history. 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 1.48%. View TransAlta's dividend history. Who are TransAlta's key executives? TransAlta's management team includes the following people: Mr. John Harry Kousinioris, Pres, CEO & Director (Age 57, Pay $1.78M)Mr. Todd John Stack, Exec. VP of Fin. & CFO (Age 55, Pay $941.65k)Ms. Kerry O'Reilly Wilks, Exec. VP of Legal, Commercial & External Affairs (Age 44, Pay $869.08k)Ms. Jane Nyla Fedoretz, Exec. VP of People, Talent & TransformationMr. Michael J. Novelli, Exec. Vice-Pres of GenerationChiara Valentini, Mang. of Investor RelationsMs. Stacey Hatcher, Mang. of CommunicationsMs. Maria Perry, MD of People & TalentMs. Dawn E. de Lima, Chief Shared Services OfficerMr. Aron John Willis, Exec. Vice-Pres of Growth (Age 47) 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? Some companies that are related to TransAlta include Tenaga Nasional Berhad (TNABY), Korea Electric Power (KEP), Vistra (VST), Brookfield Renewable Partners (BEP), Algonquin Power & Utilities (AQN), NRG Energy (NRG), China Resources Power (CRPJY), Pinnacle West Capital (PNW), OGE Energy (OGE), Huaneng Power International (HNP), Enel Américas (ENIA), Clearway Energy (CWEN), NextEra Energy Partners (NEP), Engie Brasil Energia (EGIEY) and Brookfield Renewable (BEPC). View all of TAC's 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 number of institutional and retail investors. Top institutional shareholders include Royal Bank of Canada (16.25%), Marquard & Bahls AG (4.19%), CIBC Asset Management Inc (3.35%), Vanguard Group Inc. (2.84%), Mackenzie Financial Corp (1.76%) and TD Asset Management Inc. (1.50%). 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 Connor Clark & Lunn Investment Management Ltd., TD Asset Management Inc., CIBC Asset Management Inc, Russell Investments Group Ltd., Gyon Technologies Capital Management LP, Vanguard Group Inc., SIG North Trading ULC, and State Street Corp. View insider buying and selling activity for TransAlta or view top insider-selling stocks. Which institutional investors are buying TransAlta stock? TAC stock was acquired by a variety of institutional investors in the last quarter, including Marquard & Bahls AG, Mackenzie Financial Corp, Royal Bank of Canada, Goldman Sachs Group Inc., Renaissance Technologies LLC, First Manhattan Co., Toronto Dominion Bank, 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 $10.99. How much money does TransAlta make? TransAlta (NYSE:TAC) has a market capitalization of $2.97 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. How many employees does TransAlta have? TransAlta employs 1,282 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 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. This page (NYSE:TAC) was last updated on 6/24/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. 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