TransAlta - TAC Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 1 buy rating 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.

2 analysts have issued 12 month target prices for TransAlta's stock. Their TAC share price forecasts range from $14.00 to $17.50. On average, they expect the company's share price to reach $16.42 in the next year. This suggests a possible upside of 74.3% from the stock's current price.
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TransAlta's stock was trading at $11.12 at the start of the year. Since then, TAC shares have decreased by 15.3% and is now trading at $9.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) issued its earnings results on Tuesday, November, 8th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.07. The utilities provider had revenue of $712.20 million for the quarter. TransAlta had a trailing twelve-month return on equity of 6.52% and a net margin of 4.00%.

TransAlta announced a quarterly dividend on Monday, November 7th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.04 per share on Sunday, January 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.04.
Read our dividend analysis for TAC.

TransAlta (NYSE:TAC) pays an annual dividend of $0.16 per share and currently has a dividend yield of 1.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 29.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TAC.

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.

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 number of institutional and retail investors. Top institutional investors include Royal Bank of Canada (14.49%), CIBC Asset Management Inc (4.05%), Vanguard Group Inc. (2.95%), Mackenzie Financial Corp (1.64%), TD Asset Management Inc. (1.52%) and Connor Clark & Lunn Investment Management Ltd. (1.40%).
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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.
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One share of TAC stock can currently be purchased for approximately $9.42.

TransAlta (NYSE:TAC) has a market capitalization of $2.54 billion and generates $2.17 billion in revenue each year. The utilities provider earns $-428,470,000.00 in net income (profit) each year or $0.24 on an earnings per share basis.

The company employs 1,282 workers across the globe.

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.