NYSE:TAC - TransAlta Stock Price, Forecast & News

TransAlta's stock was trading at $5.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TAC stock has decreased by 9.4% and is now trading at $5.03. View which stocks have been mosted impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for TransAlta.

TransAlta is scheduled to release its next quarterly earnings announcement on Tuesday, May 12th 2020. View our earnings forecast for TransAlta.

TransAlta Co. (NYSE:TAC) announced its quarterly earnings data on Wednesday, March, 4th. The utilities provider reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.06 by $0.03. The utilities provider had revenue of $461.42 million for the quarter. TransAlta had a negative return on equity of 0.19% and a net margin of 3.52%. View TransAlta's earnings history.

TransAlta declared a quarterly dividend on Thursday, January 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.033 per share on Wednesday, April 1st. This represents a $0.13 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from TransAlta's previous quarterly dividend of $0.03. View TransAlta's dividend history.

5 brokerages have issued 12-month target prices for TransAlta's shares. Their forecasts range from $8.50 to $13.00. On average, they expect TransAlta's share price to reach $10.63 in the next twelve months. This suggests a possible upside of 111.2% from the stock's current price. View analysts' price targets for TransAlta.

Media coverage about TAC stock has been trending very negative this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. TransAlta earned a media sentiment score of -3.7 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutTransAlta.

TransAlta saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,979,600 shares, an increase of 324.9% from the February 27th total of 465,900 shares. Based on an average daily trading volume, of 508,300 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.7% of the shares of the company are sold short. View TransAlta's Current Options Chain.

Some companies that are related to TransAlta include Huaneng Power International Inc ADR Class N (HNP), Hawaiian Electric Industries (HE), IDACORP (IDA), Enel Generacion Chile (EOCC), Portland General Electric (POR), Black Hills (BKH), Clearway Energy (CWEN), COMPANHIA PARAN/S (ELPVY), TerraForm Power (TERP), Enel Chile (ENIC), Ormat Technologies (ORA), PNM Resources (PNM), CENTRICA PLC/S (CPYYY), El Paso Electric (EE) and Companhia Paranaense de Energia (ELP).

Based on aggregate information from My MarketBeat watchlists, some companies that other TransAlta investors own include TransAlta (TA), Advanced Micro Devices (AMD), AT&T (T), Suncor Energy (SU), Bristol-Myers Squibb (BMY), Enbridge (ENB), General Electric (GE), AbbVie (ABBV), Energy Transfer LP Unit (ET) and Ford Motor (F).

TransAlta trades on the New York Stock Exchange (NYSE) under the ticker symbol "TAC."

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 $5.03.

TransAlta has a market capitalization of $1.39 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. 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]