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NYSE:TAC

TransAlta Stock Forecast, Price & News

$5.79
-0.25 (-4.14 %)
(As of 09/23/2020 12:00 AM ET)
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Today's Range
$5.77
Now: $5.79
$6.07
50-Day Range
$5.86
MA: $6.33
$6.62
52-Week Range
$3.63
Now: $5.79
$8.50
Volume148,652 shs
Average Volume429,746 shs
Market Capitalization$1.59 billion
P/E Ratio19.97
Dividend Yield2.15%
Beta1.13
TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 9,331 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.06 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone403-267-7110

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.77 billion
Cash Flow$1.80 per share
Book Value$8.49 per share

Profitability

Net Income$61.79 million

Miscellaneous

Employees1,883
Market Cap$1.59 billion
Next Earnings Date11/5/2020 (Estimated)
OptionableNot Optionable
$5.79
-0.25 (-4.14 %)
(As of 09/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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TransAlta (NYSE:TAC) Frequently Asked Questions

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

TransAlta's stock was trading at $5.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TAC shares have increased by 4.3% and is now trading at $5.79.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of TransAlta?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for TransAlta
.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for TransAlta
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) posted its quarterly earnings data on Friday, July, 31st. The utilities provider reported ($0.16) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.19. The utilities provider had revenue of $315.26 million for the quarter. TransAlta had a negative return on equity of 0.58% and a net margin of 4.74%.
View TransAlta's earnings history
.

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

TransAlta declared a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.031 per share on Thursday, October 1st. This represents a $0.12 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, August 31st. This is a boost from TransAlta's previous quarterly dividend of $0.03.
View TransAlta's dividend history
.

What price target have analysts set for TAC?

7 Wall Street analysts have issued 1-year price targets for TransAlta's stock. Their forecasts range from $8.50 to $11.00. On average, they expect TransAlta's stock price to reach $9.88 in the next year. This suggests a possible upside of 70.6% from the stock's current price.
View analysts' price targets for TransAlta
.

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), AT&T (t), General Motors (GM), Verizon Communications (VZ), Enbridge (ENB), General Electric (GE), Advanced Micro Devices (AMD), Bank of America (BAC) and Ford Motor (F).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:
  • Ms. Dawn Lorraine Farrell, Pres, CEO & Director (Age 59)
  • Mr. Christophe Dehout, Chief Financial Officer
  • Mr. Brett M. Gellner, Chief Strategy & Investment Officer (Age 55)
  • Mr. John Harry Kousinioris, Chief Growth Officer (Age 54)
  • Mr. Wayne Alexander Collins BEng (Elect), BBus, CPEng, GAICD, Exec. Vice-Pres of Coal & Mining Operations

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 Brookfield Asset Management Inc. (12.08%), CIBC Asset Management Inc (4.26%), Vanguard Group Inc. (3.01%), Bluescape Energy Partners LLC (2.31%), TD Asset Management Inc. (1.57%) and Toronto Dominion Bank (1.38%).
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 Toronto Dominion Bank, Canada Pension Plan Investment Board, Goldman Sachs Group Inc., Marshall Wace LLP, Marshall Wace North America L.P., Vanguard Group Inc., Bank of America Corp DE, and Schonfeld Strategic Advisors LLC.
View insider buying and selling activity for TransAlta
.

Which institutional investors are buying TransAlta stock?

TAC stock was bought by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., K2 Principal Fund L.P., Scotia Capital Inc., Swiss National Bank, CLARET ASSET MANAGEMENT Corp, MERIAN GLOBAL INVESTORS UK Ltd, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Mitsubishi UFJ Trust & Banking Corp.
View insider buying and selling activity for TransAlta
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $5.79.

How big of a company is TransAlta?

TransAlta has a market capitalization of $1.59 billion and generates $1.77 billion in revenue each year. The utilities provider earns $61.79 million in net income (profit) each year or ($0.09) on an earnings per share basis. TransAlta employs 1,883 workers across the globe.

What is TransAlta's official website?

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

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 9/24/2020 by MarketBeat.com Staff

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