NYSE:TAC

TransAlta Stock Forecast, Price & News

$8.58

-0.06 (-0.69 %)

(As of 01/15/2021 12:00 AM ET)

Add

Compare

Today's Range

$8.57

Now: $8.58▼

$8.71

50-Day Range

$6.90

MA: $7.43▼

$8.64

52-Week Range

$3.63

Now: $8.58▼

$8.85

Volume292,987 shs

Average Volume279,739 shs

Market Capitalization$2.34 billion

P/E Ratio29.59

Dividend Yield1.50%

Beta1.11

TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, and Energy Marketing segments. The company generates and markets electricity through various generation fuels, such as coal, natural gas, water, solar, and wind. It also engages in wholesale trading of electricity and other energy-related commodities and derivatives. The company operates facilities with approximately 8,385 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.

MarketRank^™

Overall MarketRank^™

1.87 out of 5 stars

Utilities Sector

51st out of 243 stocks

Electric Services Industry

23rd out of 71 stocks

3.4 Analyst's Opinion

Consensus Rating
TransAlta has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $11.17, TransAlta has a forecasted upside of 30.1% from its current price of $8.58.
Amount of Analyst Coverage
TransAlta has only been the subject of 3 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
TransAlta has received 231 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
TransAlta has received 402 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
TransAlta has received 63.51% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about TransAlta and other stocks. Vote “Outperform” if you believe TAC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TAC will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.8 Dividend Strength

Dividend Yield
TransAlta has a dividend yield of 1.50%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
TransAlta has only been increasing its dividend for 1 years.
Dividend Sustainability
Based on earnings estimates, TransAlta will have a dividend payout ratio of 54.17% next year. This indicates that TransAlta will be able to sustain or increase its dividend.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TransAlta insiders have not sold or bought any company stock.
Percentage Held by Institutions
57.56% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for TransAlta are expected to grow by 200.00% in the coming year, from $0.08 to $0.24 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TransAlta is 29.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of TransAlta is 29.59, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 34.16.
Price to Book Value per Share Ratio
TransAlta has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryN/A

SectorUtilities

Current SymbolNYSE:TAC

Previous Symbol

CUSIPN/A

CIK1144800

Webwww.transalta.com

Phone403-267-7110

Employees1,543

Debt

Debt-to-Equity Ratio0.85

Current Ratio1.15

Quick Ratio0.89

Price-To-Earnings

Trailing P/E Ratio29.59

Forward P/E Ratio107.25

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.77 billion

Price / Sales1.32

Cash Flow$2.52 per share

Price / Cash Flow3.40

Book Value$8.49 per share

Price / Book1.01

Profitability

EPS (Most Recent Fiscal Year)($0.09)

Net Income$61.79 million

Net Margins4.74%

Return on Equity-0.58%

Return on Assets-0.19%

Miscellaneous

Outstanding Shares272,310,000

Market Cap$2.34 billion

Next Earnings Date3/3/2021 (Estimated)

OptionableNot Optionable

$8.58

-0.06 (-0.69 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive TAC News and Ratings via Email

Sign-up to receive the latest news and ratings for TAC and its competitors with MarketBeat's FREE daily newsletter.

TransAlta (NYSE:TAC) Frequently Asked Questions

How has TransAlta's stock been impacted by Coronavirus?

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 54.6% and is now trading at $8.58.
View which stocks have been most impacted by COVID-19.

Is TransAlta a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 2 hold ratings 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than TransAlta?

Wall Street analysts have given TransAlta a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but TransAlta wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is TransAlta's next earnings date?

TransAlta is scheduled to release its next quarterly earnings announcement on Wednesday, March 3rd 2021.
View our earnings forecast for TransAlta.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) released its quarterly earnings results on Wednesday, November, 4th. The utilities provider reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.35. The utilities provider had revenue of $385.78 million for the quarter. TransAlta had a net margin of 4.74% and a negative return on equity of 0.58%.
View TransAlta's earnings history.

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

TransAlta declared a quarterly dividend on Monday, December 28th. Investors of record on Monday, March 1st will be paid a dividend of $0.035 per share on Thursday, April 1st. This represents a $0.14 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 26th. This is a positive change from TransAlta's previous quarterly dividend of $0.03.
View TransAlta's dividend history.

Is TransAlta a good dividend stock?

TransAlta pays an annual dividend of $0.13 per share and currently has a dividend yield of 1.50%.
View TransAlta's dividend history.

What price target have analysts set for TAC?

8 brokerages have issued 1-year target prices for TransAlta's stock. Their forecasts range from $9.00 to $16.00. On average, they expect TransAlta's share price to reach $11.17 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts' price targets for TransAlta or view Wall Street analyst' top-rated stocks.

Are investors shorting TransAlta?

TransAlta saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 300,600 shares, a drop of 15.3% from the December 15th total of 355,100 shares. Based on an average daily trading volume, of 154,200 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.1% of the shares of the stock are sold short.
View TransAlta's Short Interest.

Who are some of TransAlta's key competitors?

Some companies that are related to TransAlta include Enel Américas (ENIA), Pinnacle West Capital (PNW), Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR), Clearway Energy (CWEN), Engie Brasil Energia (EGIEY), OGE Energy (OGE), Ormat Technologies (ORA), Huaneng Power International (HNP), NextEra Energy Partners (NEP), Enel Chile (ENIC), China Resources Power (CRPJY), IDACORP (IDA), Atlantica Sustainable Infrastructure (AY), CEMIG (CIG) and PNM Resources (PNM).
View all of TAC's competitors.

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 Co. (TA.TO) (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).

Who are TransAlta's key executives?

TransAlta's management team includes the following people:

Ms. Dawn Lorraine Farrell, Pres, CEO & Non-Independent Director (Age 60)
Mr. Todd John Stack, Chief Financial Officer
Mr. John Harry Kousinioris, Chief Operating Officer (Age 55)
Ms. Dawn E. de Lima, Chief Shared Services Officer
Mr. Brett M. Gellner, Chief Devel. Officer (Age 56)
Chiara Valentini, Mang. of Investor Relations
Ms. Kerry O'Reilly Wilks, Chief Officer of Legal, Regulatory & External Affairs
Ms. Stacey Hatcher, Mang. of Communications
Mr. Aron John Willis, Sr. Vice-Pres of Growth (Age 45)
Ms. Jane Nyla Fedoretz, Chief Talent & Transformation Officer

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 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.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $8.58.

How big of a company is TransAlta?

TransAlta has a market capitalization of $2.34 billion and generates $1.77 billion in revenue each year. The utilities provider earns $61.79 million in net income (profit) each year or ($0.09) on an earnings per share basis. TransAlta employs 1,543 workers across the globe.

What is TransAlta's official website?

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

How can I contact TransAlta?

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]

This page was last updated on 1/17/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here