NYSE:TACTransAlta Stock Price, Forecast & News

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 7.9% and is now trading at $5.99. View which stocks have been most impacted by Coronavirus.

7 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta.

TransAlta is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for TransAlta.

TransAlta Co. (NYSE:TAC) released its earnings results on Tuesday, May, 12th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.02. The utilities provider had revenue of $813.52 million for the quarter. TransAlta had a return on equity of 1.61% and a net margin of 7.04%. View TransAlta's earnings history.

TransAlta announced a quarterly dividend on Monday, April 20th. Stockholders of record on Monday, June 1st will be given a dividend of $0.03 per share on Wednesday, July 1st. This represents a $0.12 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, May 29th. View TransAlta's dividend history.

7 analysts have issued twelve-month price objectives for TransAlta's shares. Their forecasts range from $8.50 to $11.00. On average, they anticipate TransAlta's share price to reach $10.08 in the next twelve months. This suggests a possible upside of 68.3% from the stock's current price. View analysts' price targets for TransAlta.

Media coverage about TAC stock has trended neutral recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TransAlta earned a daily sentiment score of 0.5 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about TransAlta.

TransAlta saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 940,500 shares, an increase of 126.5% from the June 15th total of 415,200 shares. Based on an average daily volume of 422,900 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.4% of the shares of the company are short sold. View TransAlta's Current Options Chain.

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), TerraForm Power (TERP), Enel Chile (ENIC), Hawaiian Electric Industries (HE), Portland General Electric (POR), Black Hills (BKH), Nextera Energy Partners (NEP), Ormat Technologies (ORA), CEMIG (CIG) and Companhia Paranaense de Energia (ELP). View all competitors.

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), Advanced Micro Devices (AMD), Ford Motor (F), General Motors (GM), Restaurant Brands International (QSR), Starbucks (SBUX), Suncor Energy (SU) and Bank of America (BAC).

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

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.

One share of TAC stock can currently be purchased for approximately $5.99.

TransAlta has a market capitalization of $1.65 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.

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

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]