TransAlta - TAC Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TAC shares.
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10 Wall Street analysts have issued 1-year target prices for TransAlta's stock. Their TAC share price forecasts range from $14.00 to $17.50. On average, they anticipate the company's stock price to reach $16.44 in the next year. This suggests a possible upside of 66.3% from the stock's current price.
View analysts price targets for TAC or view top-rated stocks among Wall Street analysts.

TransAlta's stock was trading at $11.12 on January 1st, 2022. Since then, TAC shares have decreased by 11.1% and is now trading at $9.89.
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TransAlta saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 718,600 shares, a drop of 25.6% from the July 15th total of 965,500 shares. Based on an average daily trading volume, of 367,800 shares, the short-interest ratio is presently 2.0 days. Approximately 0.3% of the company's stock are sold short.
View TransAlta's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our TAC earnings forecast.

TransAlta Co. (NYSE:TAC) released its earnings results on Friday, August, 5th. The utilities provider reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of $0.18 by $0.48. The utilities provider had revenue of $461 million for the quarter, compared to analyst estimates of $449.56 million. TransAlta had a positive trailing twelve-month return on equity of 9.86% and a negative net margin of 15.45%. TransAlta's quarterly revenue was down 26.0% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share.

TransAlta announced a quarterly dividend on Friday, July 29th. Stockholders of record on Thursday, September 1st will be paid a dividend of $0.0388 per share on Saturday, October 1st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, August 31st.
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 1.59%.
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 variety of retail and institutional investors. Top institutional shareholders include Marquard & Bahls AG (5.55%), Mackenzie Financial Corp (1.58%), TD Asset Management Inc. (1.48%), Connor Clark & Lunn Investment Management Ltd. (0.88%), Renaissance Technologies LLC (0.87%) and Toronto Dominion Bank (0.86%).
View institutional ownership trends.

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 $9.89.

TransAlta (NYSE:TAC) has a market capitalization of $2.68 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 ($1.27) 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.