TransAlta Stock Forecast, Price & News

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.

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.

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.
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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.

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) 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.

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.

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.

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 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).
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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."

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.

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.

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.

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 $10.99.

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.

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.