TransAlta Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TransAlta stock.
View analyst ratings for TransAlta or view top-rated stocks.

Wall Street analysts have given TransAlta a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but TransAlta wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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TransAlta saw a increase in short interest in July. As of July 15th, there was short interest totaling 336,600 shares, an increase of 25.0% from the June 30th total of 269,300 shares. Based on an average trading volume of 200,700 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.1% of the company's stock are sold short.
View TransAlta's Short Interest.

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, August 10th 2021.
View our earnings forecast for TransAlta.

TransAlta will be holding an earnings conference call on Tuesday, August 10th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 888-390-0541 with passcode "902288#".

TransAlta Co. (NYSE:TAC) posted its quarterly earnings results on Thursday, May, 13th. The utilities provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.24. The utilities provider had revenue of $506.98 million for the quarter. TransAlta had a negative net margin of 16.92% and a negative trailing twelve-month return on equity of 8.59%.
View TransAlta's earnings history.

TransAlta's stock was trading at $5.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TAC shares have increased by 87.7% and is now trading at $10.42.
View which stocks have been most impacted by COVID-19.

TransAlta announced a quarterly dividend on Wednesday, May 5th. Investors of record on Tuesday, June 1st will be paid a dividend of $0.0367 per share on Thursday, July 1st. This represents a $0.15 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 28th. This is an increase from TransAlta's previous quarterly dividend of $0.04.
View TransAlta's dividend history.

TransAlta pays an annual dividend of $0.13 per share and currently has a dividend yield of 1.29%.
View TransAlta's dividend history.

7 brokers have issued 12 month price targets for TransAlta's shares. Their forecasts range from $12.00 to $18.00. On average, they anticipate TransAlta's stock price to reach $14.25 in the next year. This suggests a possible upside of 36.8% from the stock's current price.
View analysts' price targets for TransAlta or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to TransAlta include Brookfield Renewable Partners (BEP), Red Eléctrica Corporación (RDEIY), Enel Américas (ENIA), NRG Energy (NRG), Algonquin Power & Utilities (AQN), Pinnacle West Capital (PNW), Vistra (VST), Brookfield Renewable (BEPC), OGE Energy (OGE), China Resources Power (CRPJY), Engie Brasil Energia (EGIEY), NextEra Energy Partners (NEP), Clearway Energy (CWEN), IDACORP (IDA) and Huaneng Power International (HNP).
View all of TAC's competitors.

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 a variety of retail and institutional investors. Top institutional investors include Versor Investments LP (0.01%).
View institutional ownership trends for TransAlta.

TAC stock was bought by a variety of institutional investors in the last quarter, including Versor Investments LP.
View insider buying and selling activity for TransAlta or or view top insider-buying stocks.

Shares of TAC 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 $10.42.

TransAlta has a market capitalization of $2.82 billion and generates $1.57 billion in revenue each year. The utilities provider earns $-214,250,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis.

TransAlta employs 1,476 workers across the globe.

The official website for TransAlta is www.transalta.com.

TransAlta is headquartered at 110 12TH AVE SW BOX 1900 STATION M CALGARY ALBERTA, CALGARY A0, T2P2M1.

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]