NYSE:TAC - TransAlta Stock Price, Forecast & News

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

TransAlta announced a quarterly dividend on Thursday, January 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.033 per share on Wednesday, April 1st. This represents a $0.13 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from TransAlta's previous quarterly dividend of $0.03. View TransAlta's Dividend History.

TransAlta Co. (NYSE:TAC) posted its earnings results on Friday, August, 9th. The utilities provider reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.08) by $0.06. The utilities provider earned $371.56 million during the quarter. TransAlta had a negative return on equity of 4.91% and a negative net margin of 4.07%. View TransAlta's Earnings History.

TransAlta is scheduled to release their next quarterly earnings announcement on Wednesday, March 4th 2020. View Earnings Estimates for TransAlta.

TransAlta will be holding an earnings conference call on Wednesday, March 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

7 brokers have issued 12 month price targets for TransAlta's shares. Their forecasts range from $10.00 to $13.00. On average, they anticipate TransAlta's stock price to reach $11.00 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View Analyst Price Targets for 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.

Media headlines about TAC stock have trended very negative on Saturday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. TransAlta earned a news sentiment score of -3.4 on InfoTrie's scale. They also gave news headlines about the utilities provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for TransAlta.

TransAlta saw a drop in short interest in January. As of January 31st, there was short interest totalling 1,290,000 shares, a drop of 23.7% from the January 15th total of 1,690,000 shares. Based on an average daily trading volume, of 234,400 shares, the days-to-cover ratio is presently 5.5 days. Approximately 0.5% of the shares of the stock are sold short. View TransAlta's Current Options Chain.

Some companies that are related to TransAlta include OGE Energy (OGE), Algonquin Power & Utilities (AQN), Huaneng Power International Inc ADR Class N (HNP), CHINA RESOURES/ADR (CRPJY), CENTRICA PLC/S (CPYYY), IDACORP (IDA), Portland General Electric (POR), Hawaiian Electric Industries (HE), Black Hills (BKH), COMPANHIA PARAN/S (ELPVY), TerraForm Power (TERP), CEMIG (CIG), Companhia Paranaense de Energia (ELP), Enel Chile (ENIC) and Enel Generacion Chile (EOCC).

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Advanced Micro Devices (AMD), Suncor Energy (SU), AT&T (T), Bristol-Myers Squibb (BMY), Enbridge (ENB), Ford Motor (F), General Electric (GE), Energy Transfer LP Unit (ET) and Restaurant Brands International (QSR).

TransAlta's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (7.03%), Brookfield Asset Management Inc. (5.06%), Brookfield Asset Management Inc. (5.05%), Bluescape Energy Partners LLC (3.00%), Toronto Dominion Bank (2.04%) and Renaissance Technologies LLC (1.06%). View Institutional Ownership Trends for TransAlta.

TAC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, CIBC World Markets Inc., ARP Americas LP, Public Sector Pension Investment Board, Fiera Capital Corp, TD Asset Management Inc., Russell Investments Group Ltd. and Mitsubishi UFJ Trust & Banking Corp. View Insider Buying and Selling for TransAlta.

TAC stock was acquired by a variety of institutional investors in the last quarter, including Bluescape Energy Partners LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, MUFG Securities EMEA plc, Connor Clark & Lunn Investment Management Ltd., Marshall Wace LLP, Toronto Dominion Bank and Marshall Wace North America L.P.. View Insider Buying and Selling for 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.

One share of TAC stock can currently be purchased for approximately $8.50.

TransAlta has a market capitalization of $2.36 billion and generates $1.74 billion in revenue each year. The utilities provider earns $-152,760,000.00 in net income (profit) each year or ($0.53) on an earnings per share basis. TransAlta employs 1,883 workers across the globe.View Additional Information About TransAlta.

The official website for TransAlta is http://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]