NYSE:TAC TransAlta Stock Forecast, Price & News Adding Choose a 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. Log In and Add $5.79 -0.25 (-4.14 %) (As of 09/23/2020 12:00 AM ET) Add Compare Share Today's Range$5.77Now: $5.79▼$6.0750-Day Range$5.86MA: $6.33▼$6.6252-Week Range$3.63Now: $5.79▼$8.50Volume148,652 shsAverage Volume429,746 shsMarket Capitalization$1.59 billionP/E Ratio19.97Dividend Yield2.15%Beta1.13 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingTransAlta has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $9.88, TransAlta has a forecasted upside of 70.6% from its current price of $5.79.Amount of Analyst CoverageTransAlta has only been the subject of 2 research reports in the past 90 days. Previous Next 1.8 Community Rank Outperform VotesTransAlta has received 226 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTransAlta has received 395 “underperform” votes. (Add your “underperform” vote.)Community SentimentTransAlta has received 63.61% “underperform” 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 2.15%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTransAlta has only been increasing its dividend for 1 years.Dividend SustainabilityBased on earnings estimates, TransAlta will have a dividend payout ratio of 54.17% next year. This indicates that TransAlta will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TransAlta insiders have not sold or bought any company stock.Percentage Held by Institutions57.56% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for TransAlta are expected to grow by 200.00% in the coming year, from $0.08 to $0.24 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TransAlta is 19.97, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.04.Price to Earnings Ratio vs. SectorThe P/E ratio of TransAlta is 19.97, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 19.79.Price to Book Value per Share RatioTransAlta has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next 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 Stock Exchange NYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:TAC Previous Symbol CUSIPN/A CIK1144800 Webwww.transalta.com Phone403-267-7110Debt Debt-to-Equity Ratio0.85 Current Ratio1.15 Quick Ratio0.89Price-To-Earnings Trailing P/E Ratio19.97 Forward P/E Ratio72.38 P/E GrowthN/A Sales & Book Value Annual Sales$1.77 billion Price / Sales0.90 Cash Flow$1.80 per share Price / Cash Flow3.22 Book Value$8.49 per share Price / Book0.68Profitability EPS (Most Recent Fiscal Year)($0.09) Net Income$61.79 million Net Margins4.74% Return on Equity-0.58% Return on Assets-0.19%Miscellaneous Employees1,883 Outstanding Shares274,524,000Market 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 Receive TAC News and Ratings via Email Sign-up to receive the latest news and ratings for TAC and its competitors with MarketBeat's FREE daily newsletter. 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? Some companies that are related to TransAlta include Huaneng Power International Inc ADR Class N (HNP), OGE Energy (OGE), CHINA RESOURES/ADR (CRPJY), Clearway Energy (CWEN), Enel Generacion Chile (EOCC), IDACORP (IDA), Brookfield Renewable (BEPC), Nextera Energy Partners (NEP), Hawaiian Electric Industries (HE), Black Hills (BKH), Enel Chile (ENIC), PNM Resources (PNM), Portland General Electric (POR), Companhia Paranaense de Energia (ELP) and COMPANHIA PARAN/S (ELPVY). View all 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 OfficerMr. 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 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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