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MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
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JP Morgan analyst: Oil to hit $380 per barrel (Ad)
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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Biden's corruption knows no end (Ad)pixel
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Intensity and insults rise as lawmakers debate debt ceiling
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
UN body mulls deep sea mining amid demand for minerals
Canada approves largest telecom deal in country's history
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Biden's corruption knows no end (Ad)pixel
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Intensity and insults rise as lawmakers debate debt ceiling
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
UN body mulls deep sea mining amid demand for minerals
Canada approves largest telecom deal in country's history
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
Closing prices for crude oil, gold and other commodities
Biden's corruption knows no end (Ad)pixel
MarketBeat Week in Review – 3/27 - 3/31
UK travelers face hours-long waits for ferries to France
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
Credit Suisse takeover hits heart of Swiss banking, identity
Intensity and insults rise as lawmakers debate debt ceiling
JP Morgan analyst: Oil to hit $380 per barrel (Ad)
UN body mulls deep sea mining amid demand for minerals
Canada approves largest telecom deal in country's history
NYSE:TAC

TransAlta - TAC Stock Forecast, Price & News

$8.75
+0.26 (+3.06%)
(As of 03/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$8.55
$8.81
50-Day Range
$7.78
$9.74
52-Week Range
$7.55
$11.85
Volume
420,307 shs
Average Volume
352,362 shs
Market Capitalization
$2.35 billion
P/E Ratio
437.50
Dividend Yield
1.83%
Price Target
$16.10

TransAlta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
84.0% Upside
$16.10 Price Target
Short Interest
Bearish
0.91% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of TransAlta in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-20.00%
From $0.70 to $0.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.03 out of 5 stars

Utilities Sector

59th out of 86 stocks

Electric Services Industry

30th out of 40 stocks


TAC stock logo

About TransAlta (NYSE:TAC) Stock

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

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TAC Stock News Headlines

StockNews.com Lowers TransAlta (NYSE:TAC) to Hold
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
TAC.MW - | Stock Price & Latest News | Reuters
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
TSX Falls Short of Breakeven - Yahoo Canada Finance
2 Top Dividend Stocks That Yield 6.2% - Baystreet.ca
RSI Alert: TransAlta (TAC) Now Oversold - Nasdaq
See More Headlines
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TAC Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 1/1 Dividend
11/30/2022
Dividend Payable
1/01/2023
Ex-Dividend for 4/1 Dividend
2/28/2023
Today
4/01/2023
Dividend Payable
4/01/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,222
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.10
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+84.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$38.46 million
Pretax Margin
11.86%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.85 per share
Book Value
$3.00 per share

Miscellaneous

Free Float
233,453,000
Market Cap
$2.35 billion
Optionable
Not Optionable
Beta
1.06

Key Executives

  • John Harry Kousinioris
    President, Chief Executive Officer & Director
  • Todd J. Stack
    Chief Financial Officer & Executive Vice President
  • Aron J. Willis
    Executive Vice President-Growth
  • Brent Ward
    Treasurer, SVP-Strategy, Mergers & Acquisitions
  • Michelle Cameron
    Controller & Managing Director













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 1 hold rating and 2 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.

What is TransAlta's stock price forecast for 2023?

3 Wall Street research analysts have issued 12 month target prices for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they predict the company's share price to reach $16.10 in the next year. This suggests a possible upside of 84.0% from the stock's current price.
View analysts price targets for TAC
or view top-rated stocks among Wall Street analysts.

How have TAC shares performed in 2023?

TransAlta's stock was trading at $8.97 on January 1st, 2023. Since then, TAC stock has decreased by 2.5% and is now trading at $8.75.
View the best growth stocks for 2023 here
.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $1.51. The utilities provider had revenue of $675.10 million for the quarter. TransAlta had a net margin of 1.19% and a trailing twelve-month return on equity of 0.08%. During the same quarter last year, the firm posted ($0.37) EPS.

How often does TransAlta pay dividends? What is the dividend yield for TransAlta?

TransAlta declared a quarterly dividend on Monday, December 12th. Investors of record on Wednesday, March 1st will be given a dividend of $0.041 per share on Saturday, April 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, February 28th. This is an increase from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TAC
.

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.93%. The dividend payout ratio is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TAC will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

What is Dawn Farrell's approval rating as TransAlta's CEO?

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.

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), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).

What is TransAlta's stock symbol?

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

How do I buy shares of TransAlta?

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.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $8.75.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.35 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.02 on an earnings per share basis.

How many employees does TransAlta have?

The company employs 1,222 workers across the globe.

How can I contact TransAlta?

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.

This page (NYSE:TAC) was last updated on 4/1/2023 by MarketBeat.com Staff