TransAlta (TAC) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TAC shares.
View TAC analyst ratings or view top-rated stocks.

3 analysts have issued 1-year price targets for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they anticipate the company's share price to reach $16.10 in the next twelve months. This suggests a possible upside of 67.4% from the stock's current price.
View analysts price targets for TAC or view top-rated stocks among Wall Street analysts.

TransAlta's stock was trading at $8.97 at the beginning of 2023. Since then, TAC stock has increased by 7.2% and is now trading at $9.62.
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TransAlta saw a drop in short interest in May. As of May 15th, there was short interest totaling 922,900 shares, a drop of 48.7% from the April 30th total of 1,800,000 shares. Based on an average trading volume of 339,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.4% of the company's stock are short sold.
View TransAlta's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) earnings per share for the quarter, missing the consensus estimate of $0.16 by $1.51. The utilities provider earned $675.10 million during the quarter. TransAlta had a net margin of 3.90% and a trailing twelve-month return on equity of 9.56%. During the same quarter in the previous year, the business earned ($0.37) EPS.

TransAlta announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.041 per share on Saturday, July 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for TAC.

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.71%. The dividend payout ratio is 55.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 31.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

78 employees have rated TransAlta Chief Executive Officer Dawn Farrell on Glassdoor.com. Dawn Farrell has an approval rating of 9% among the company's employees. This puts Dawn Farrell in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 many different retail and institutional investors. Top institutional shareholders include CIBC Asset Management Inc (4.14%), Mackenzie Financial Corp (2.56%), Rubric Capital Management LP (2.17%), Waratah Capital Advisors Ltd. (1.38%), National Bank of Canada FI (1.27%) and Toronto Dominion Bank (1.02%).
View institutional ownership trends.

Shares of TAC stock 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 $9.62.

TransAlta (NYSE:TAC) has a market capitalization of $2.54 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.29 on an earnings per share basis.

The company employs 1,222 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 the company is www.transalta.com. The utilities provider can be reached via phone at (403) 267-7110, via email at investor_relations@transalta.com, or via fax at 1-403-267-7405.