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. Investors 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 yield of 1.81%. The ex-dividend date is Friday, February 28th. This is a boost from TransAlta's previous quarterly dividend of $0.03. View TransAlta's Dividend History.

TransAlta Co. (NYSE:TAC) released its quarterly earnings results on Thursday, November, 7th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of ($0.01). The utilities provider earned $449.19 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, February 26th 2020. View Earnings Estimates for TransAlta.

6 brokerages have issued twelve-month price targets for TransAlta's stock. Their forecasts range from $9.50 to $11.00. On average, they expect TransAlta's stock price to reach $10.17 in the next twelve months. This suggests a possible upside of 39.1% from the stock's current price. View Analyst Price Targets for TransAlta.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for TransAlta.

News headlines about TAC stock have been trending somewhat positive on Thursday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. TransAlta earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned media coverage about the utilities provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for TransAlta.

TransAlta saw a increase in short interest in December. As of December 13th, there was short interest totalling 1,650,000 shares, an increase of 1,303.1% from the November 28th total of 117,600 shares. Based on an average daily trading volume, of 210,000 shares, the short-interest ratio is presently 7.9 days. Approximately 0.6% of the shares of the stock are sold short. View TransAlta's Current Options Chain.

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

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), Bristol-Myers Squibb (BMY), General Electric (GE), AT&T (t), Ford Motor (F), Restaurant Brands International (QSR), Toronto-Dominion Bank (TD) and Tc Pipelines (TRP).

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 $7.31.

TransAlta has a market capitalization of $2.05 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]