NYSE:TACTransAlta Stock Price, Forecast & News

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. Since then, TAC shares have increased by 10.5% and is now trading at $6.13. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 5 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) announced its quarterly earnings data on Tuesday, May, 12th. The utilities provider reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates 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. Shareholders of record on Monday, June 1st will be paid a dividend of $0.03 per share on Wednesday, July 1st. This represents a $0.12 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 29th. View TransAlta's dividend history.

6 Wall Street analysts have issued twelve-month target prices for TransAlta's stock. Their forecasts range from $8.50 to $11.00. On average, they anticipate TransAlta's stock price to reach $9.90 in the next year. This suggests a possible upside of 61.5% from the stock's current price. View analysts' price targets for TransAlta.

Media headlines about TAC stock have been trending negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TransAlta earned a news sentiment score of -2.4 on InfoTrie's scale. They also gave press coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news about TransAlta.

TransAlta saw a decline in short interest during the month of June. As of June 15th, there was short interest totaling 415,200 shares, a decline of 28.3% from the May 31st total of 579,400 shares. Based on an average daily trading volume, of 631,200 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company's shares are short sold. View TransAlta's Current Options Chain.

Some companies that are related to TransAlta include ENGIE BRASIL EN/S (EGIEY), OGE Energy (OGE), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY), Clearway Energy (CWEN), IDACORP (IDA), Enel Generacion Chile (EOCC), TerraForm Power (TERP), Enel Chile (ENIC), Hawaiian Electric Industries (HE), Portland General Electric (POR), Black Hills (BKH), Nextera Energy Partners (NEP), Ormat Technologies (ORA) and PNM Resources (PNM). 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 $6.13.

TransAlta has a market capitalization of $1.69 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]