NYSE:TAC TransAlta (TAC) Stock Forecast, Price & News $9.68 +0.23 (+2.43%) (As of 05/30/2023 ET) Add Compare Share Share Today's Range$9.54▼$9.7250-Day Range$7.78▼$9.9652-Week Range$7.55▼$11.85Volume286,526 shsAverage Volume321,846 shsMarket Capitalization$2.55 billionP/E Ratio33.38Dividend Yield1.65%Price Target$16.10 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media TransAlta MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside66.3% Upside$16.10 Price TargetShort InterestHealthy0.37% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.02Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-47.96%From $0.98 to $0.51 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.99 out of 5 starsUtilities Sector6th out of 84 stocksElectric Services Industry4th out of 40 stocks 3.5 Analyst's Opinion Consensus RatingTransAlta has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $16.10, TransAlta has a forecasted upside of 66.3% from its current price of $9.68.Amount of Analyst CoverageTransAlta has only been the subject of 1 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.37% of the float of TransAlta has been sold short.Short Interest Ratio / Days to CoverTransAlta has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in TransAlta has recently decreased by 48.73%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldTransAlta pays a meaningful dividend of 1.71%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTransAlta does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of TransAlta is 55.17%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, TransAlta will have a dividend payout ratio of 31.37% next year. This indicates that TransAlta will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for TAC. Previous Next 3.9 News and Social Media Coverage News SentimentTransAlta has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 4 news articles for TransAlta this week, compared to 3 articles on an average week.Search Interest8 people have searched for TAC on MarketBeat in the last 30 days. This is an increase of 60% compared to the previous 30 days.MarketBeat Follows1 people have added TransAlta to their MarketBeat watchlist in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TransAlta insiders have not sold or bought any company stock.Percentage Held by Insiders13.10% of the stock of TransAlta is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions64.37% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for TransAlta are expected to decrease by -47.96% in the coming year, from $0.98 to $0.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TransAlta is 33.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.52.Price to Earnings Ratio vs. SectorThe P/E ratio of TransAlta is 33.38, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.60.Price to Book Value per Share RatioTransAlta has a P/B Ratio of 3.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About TransAlta (NYSE:TAC) StockTransAlta 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.Read More Receive TAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TransAlta and its competitors with MarketBeat's FREE daily newsletter. Email Address TAC Stock News HeadlinesMay 29, 2023 | finance.yahoo.comDoes TransAlta (TAC) Have the Potential to Rally 33.02% as Wall Street Analysts Expect?May 29, 2023 | americanbankingnews.comTransAlta Co. (TAC) To Go Ex-Dividend on May 31stMay 30, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 13, 2023 | americanbankingnews.comFY2023 EPS Estimates for TransAlta Co. (NYSE:TAC) Boosted by National Bank FinancialMay 12, 2023 | finance.yahoo.com4 High Earnings Yield Stocks for a Value-Driven PortfolioMay 11, 2023 | msn.comTransAlta: Earnings Beat And Still Too CheapMay 11, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for TransAlta Co. (NYSE:TAC) Lowered by AnalystMay 10, 2023 | americanbankingnews.comAtb Cap Markets Brokers Boost Earnings Estimates for TransAlta Co. (NYSE:TAC)May 30, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 7, 2023 | finance.yahoo.comTransAlta Corporation (NYSE:TAC) Q1 2023 Earnings Call TranscriptMay 3, 2023 | americanbankingnews.comTransAlta (TAC) to Release Quarterly Earnings on FridayApril 29, 2023 | americanbankingnews.comNational Bank Financial Weighs in on TransAlta Co.'s Q1 2023 Earnings (NYSE:TAC)April 23, 2023 | americanbankingnews.comTransAlta (NYSE:TAC) Stock Rating Upgraded by StockNews.comApril 15, 2023 | americanbankingnews.comTransAlta (NYSE:TAC) Rating Lowered to Hold at StockNews.comApril 12, 2023 | americanbankingnews.comTransAlta (NYSE:TAC) Lifted to "Outperform" at Credit Suisse GroupApril 6, 2023 | americanbankingnews.comTransAlta (NYSE:TAC) Upgraded to "Buy" at StockNews.comMarch 27, 2023 | finance.yahoo.comTransAlta Corporation Enters into Automatic Share Purchase PlanMarch 26, 2023 | americanbankingnews.comStockNews.com Lowers TransAlta (NYSE:TAC) to HoldFebruary 23, 2023 | finance.yahoo.comTransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045January 23, 2023 | reuters.comTAC.MW - | Stock Price & Latest News | ReutersDecember 15, 2022 | finance.yahoo.comTransAlta Announces Outlook for 2023 and Update on Corporate StrategyNovember 15, 2022 | finance.yahoo.comTransAlta Announces Pricing of US$400 Million Senior Green Bond OfferingOctober 18, 2022 | fool.caGet Passive Income of $500/Month With This TSX Stock - The Motley Fool CanadaOctober 14, 2022 | ca.finance.yahoo.comTSX Falls Short of Breakeven - Yahoo Canada FinanceOctober 14, 2022 | ca.finance.yahoo.comBear Market: 2 Safe TSX Stocks to Buy Right Now - Yahoo Canada FinanceOctober 11, 2022 | benzinga.comMedia Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call - Trans - BenzingaOctober 11, 2022 | finance.yahoo.comMedia Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference CallSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive TAC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for TransAlta and its competitors with MarketBeat's FREE daily newsletter. Email Address TAC Company Calendar Last Earnings11/09/2021Ex-Dividend for 4/1 Dividend2/28/2023Dividend Payable4/01/2023Today5/30/2023Ex-Dividend for 7/1 Dividend5/31/2023Dividend Payable7/01/2023Next Earnings (Estimated)8/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryN/A SectorUtilities Current SymbolNYSE:TAC CUSIPN/A CIK1144800 Webwww.transalta.com Phone(403) 267-7110Fax1-403-267-7405Employees1,222Year FoundedN/APrice Target and Rating Average Stock Price Forecast$16.10 High Stock Price Forecast$17.50 Low Stock Price Forecast$14.00 Forecasted Upside/Downside+67.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.29 Trailing P/E Ratio33.17 Forward P/E Ratio9.82 P/E GrowthN/ANet Income$38.46 million Net Margins3.90% Pretax Margin14.51% Return on Equity9.56% Return on Assets1.27% Debt Debt-to-Equity Ratio2.67 Current Ratio1.51 Quick Ratio1.43 Sales & Book Value Annual Sales$2.29 billion Price / Sales1.11 Cash Flow$1.79 per share Price / Cash Flow5.36 Book Value$3.00 per share Price / Book3.21Miscellaneous Outstanding Shares263,860,000Free Float229,293,000Market Cap$2.54 billion OptionableNot Optionable Beta1.06 Key ExecutivesJohn Harry KousiniorisPresident, Chief Executive Officer & DirectorTodd J. StackChief Financial Officer & Executive Vice PresidentAron J. WillisExecutive Vice President-GrowthBrent WardTreasurer, SVP-Strategy, Mergers & AcquisitionsMichelle CameronController & Managing DirectorKey CompetitorsPampa EnergíaNYSE:PAMOtter TailNASDAQ:OTTRKenonNYSE:KENPNM ResourcesNYSE:PNMHawaiian Electric IndustriesNYSE:HEView All CompetitorsInstitutional OwnershipJPMorgan Chase & Co.Sold 182,985 shares on 5/18/2023Ownership: 0.174%State Street CorpBought 22,158 shares on 5/16/2023Ownership: 0.270%Geode Capital Management LLCBought 32,092 shares on 5/16/2023Ownership: 0.046%Balyasny Asset Management L.P.Sold 7,708 shares on 5/16/2023Ownership: 0.009%Jane Street Group LLCSold 32,954 shares on 5/16/2023Ownership: 0.005%View All Institutional Transactions 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 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. What is TransAlta's stock price forecast for 2023? 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. How have TAC shares performed in 2023? 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. View the best growth stocks for 2023 here. Are investors shorting TransAlta? 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. When is TransAlta's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 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 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. How often does TransAlta pay dividends? What is the dividend yield for TransAlta? 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. 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 1.71%. 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. 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." Who are TransAlta's major shareholders? 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. 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 $9.62. How much money does TransAlta make? 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. 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 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding TransAlta Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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