NYSE:TACTransAlta Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding TransAlta Co. Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $5.99 -0.07 (-1.16 %) (As of 07/8/2020 04:00 PM ET) Add Compare Share Today's Range$5.98Now: $5.99▼$6.1750-Day Range$5.59MA: $5.95▼$6.6152-Week Range$3.63Now: $5.99▼$8.50Volume288,335 shsAverage Volume539,452 shsMarket Capitalization$1.65 billionP/E Ratio13.31Dividend Yield1.98%Beta1.21 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media TransAlta Corporation operates as non-regulated electricity generation and energy marketing company in Canada, the United States, and Western Australia. It operates through eight segments: Canadian Coal, U.S. Coal, Canadian Gas, Australian Gas, Wind and Solar, Hydro, Energy Marketing, and Corporate. 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 9,331 megawatts of aggregate generating capacity. TransAlta Corporation was founded in 1909 and is headquartered in Calgary, Canada.Read More Beat the Market (BTM) Rank™ 3.4 Analyst's Opinion Consensus RatingTransAlta has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $10.08, TransAlta has a potential upside of 68.3% from its current price of $5.99.Amount of Analyst CoverageTransAlta has only been the subject of 3 research reports in the past 90 days. Previous Next 1.8 Community Rank Outperform VotesTransAlta has received 226 “outperform” votes. (Add your “outperform” vote.)Underperform VotesTransAlta has received 392 “underperform” votes. (Add your “underperform” vote.)Community SentimentTransAlta has received 63.43% “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. Previous Next 1.7 Dividend Strength Dividend YieldTransAlta pays a meaningful dividend of 1.98%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthTransAlta has only been increasing its dividend for 1 years.Dividend SustainabilityBased on earnings estimates, TransAlta will have a dividend payout ratio of 63.16% next year. This indicates that TransAlta will be able to sustain or increase its dividend. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, TransAlta insiders have not sold or bought any company stock.Percentage Held by Institutions61.13% of the stock of TransAlta is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for TransAlta are expected to grow by 111.11% in the coming year, from $0.09 to $0.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of TransAlta is 13.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.83.Price to Earnings Ratio vs. SectorThe P/E ratio of TransAlta is 13.31, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 31.96.Price to Book Value per Share RatioTransAlta has a P/B Ratio of 0.71. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.4Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.33 out of 5 stars 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 Phone403-267-7110Debt Debt-to-Equity Ratio0.84 Current Ratio1.20 Quick Ratio0.97Price-To-Earnings Trailing P/E Ratio13.31 Forward P/E Ratio66.56 P/E GrowthN/A Sales & Book Value Annual Sales$1.77 billion Price / Sales0.93 Cash Flow$1.86 per share Price / Cash Flow3.22 Book Value$8.49 per share Price / Book0.71Profitability EPS (Most Recent Fiscal Year)($0.09) Net Income$61.79 million Net Margins7.04% Return on Equity1.61% Return on Assets0.53%Miscellaneous Employees1,883 Outstanding Shares275,779,000Market Cap$1.65 billion Next Earnings Date8/14/2020 (Estimated) OptionableNot Optionable TAC Rates by TradingView 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 COVID-19 (Coronavirus)? TransAlta's stock was trading at $5.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, TAC shares have increased by 7.9% and is now trading at $5.99. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of TransAlta? 7 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta. When is TransAlta's next earnings date? TransAlta is scheduled to release its next quarterly earnings announcement on Friday, August 14th 2020. View our earnings forecast for TransAlta. How were TransAlta's earnings last quarter? TransAlta Co. (NYSE:TAC) posted its earnings results on Tuesday, May, 12th. The utilities provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.01 by $0.02. The utilities provider had revenue of $813.52 million for the quarter. TransAlta had a return on equity of 1.61% and a net margin of 7.04%. 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, April 20th. Shareholders of record on Monday, June 1st will be given a dividend of $0.03 per share on Wednesday, July 1st. This represents a $0.12 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, May 29th. View TransAlta's dividend history. What price target have analysts set for TAC? 7 Wall Street analysts have issued 1-year price objectives for TransAlta's stock. Their forecasts range from $8.50 to $11.00. On average, they anticipate TransAlta's stock price to reach $10.08 in the next year. This suggests a possible upside of 68.3% from the stock's current price. View analysts' price targets for TransAlta. Has TransAlta been receiving favorable news coverage? Media stories about TAC stock have trended negative on Wednesday, InfoTrie reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. TransAlta earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave media stories about the utilities provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about TransAlta. Are investors shorting TransAlta? TransAlta saw a increase in short interest in June. As of June 30th, there was short interest totaling 940,500 shares, an increase of 126.5% from the June 15th total of 415,200 shares. Based on an average trading volume of 422,900 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the shares of the stock are short sold. View TransAlta's Current Options Chain. Who are some of TransAlta's key competitors? Some companies that are related to TransAlta include Huaneng Power International Inc ADR Class N (HNP), ENGIE BRASIL EN/S (EGIEY), OGE Energy (OGE), CHINA RESOURES/ADR (CRPJY), Clearway Energy (CWEN), Enel Generacion Chile (EOCC), IDACORP (IDA), TerraForm Power (TERP), Enel Chile (ENIC), Hawaiian Electric Industries (HE), Portland General Electric (POR), Black Hills (BKH), Nextera Energy Partners (NEP), Companhia Paranaense de Energia (ELP) and Ormat Technologies (ORA). View all 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 (TA), Bristol-Myers Squibb (BMY), AT&T (T), Advanced Micro Devices (AMD), Ford Motor (F), General Motors (GM), Restaurant Brands International (QSR), Starbucks (SBUX), Suncor Energy (SU) and Bank of America (BAC). Who are TransAlta's key executives? TransAlta's management team includes the following people: Ms. Dawn Lorraine Farrell, Pres, CEO & Director (Age 59)Mr. Christophe Dehout, Chief Financial OfficerMr. Brett M. Gellner, Chief Strategy & Investment Officer (Age 55)Mr. John Harry Kousinioris, Chief Growth Officer (Age 54)Mr. Wayne Alexander Collins BEng (Elect), BBus, CPEng, GAICD, Exec. Vice-Pres of Coal & Mining Operations 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 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 $5.99. How big of a company is TransAlta? TransAlta has a market capitalization of $1.65 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 1,883 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 7/8/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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. 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