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NYSE:TAC

TransAlta - TAC Stock Forecast, Price & News

$8.83
-0.07 (-0.79%)
(As of 09/30/2022 05:08 PM ET)
Add
Compare
Today's Range
$8.82
$8.97
50-Day Range
$8.90
$11.42
52-Week Range
$8.82
$12.13
Volume
306,597 shs
Average Volume
317,420 shs
Market Capitalization
$2.39 billion
P/E Ratio
N/A
Dividend Yield
1.69%
Price Target
$16.50

TransAlta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
86.9% Upside
$16.50 Price Target
Short Interest
Healthy
0.59% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.19mentions of TransAlta in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.52%
From $0.54 to $0.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Utilities Sector

66th out of 86 stocks

Electric Services Industry

29th out of 43 stocks

TAC stock logo

About TransAlta (NYSE:TAC) Stock

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.

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TAC Stock News Headlines

RSI Alert: TransAlta (TAC) Now Oversold - Nasdaq
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TAC Company Calendar

Last Earnings
8/05/2022
Ex-Dividend for 10/1 Dividend
8/31/2022
Today
9/30/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
1,282
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.50
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+86.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$-428,470,000.00
Pretax Margin
-9.75%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$2.39 per share
Book Value
$4.86 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.39 billion
Optionable
Not Optionable
Beta
1.02

Key Executives

  • Mr. John Harry Kousinioris (Age 57)
    Pres, CEO & Director
    Comp: $1.71M
  • Mr. Todd John Stack (Age 55)
    Exec. VP of Fin. & CFO
    Comp: $904.75k
  • Ms. Kerry O'Reilly Wilks (Age 44)
    Exec. VP of Legal, Commercial & External Affairs
    Comp: $835.01k
  • Ms. Jane Nyla Fedoretz
    Exec. VP of People, Talent & Transformation
  • Mr. Michael J. Novelli
    Exec. Vice-Pres of Generation
  • Chiara Valentini
    Mang. of Investor Relations
  • Ms. Stacey Hatcher
    Mang. of Communications
  • Ms. Maria Perry
    MD of People & Talent
  • Ms. Dawn E. de Lima
    Chief Shared Services Officer
  • Mr. Aron John Willis (Age 47)
    Exec. Vice-Pres of Growth













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 3 hold ratings and 7 buy ratings 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.

What is TransAlta's stock price forecast for 2022?

10 Wall Street analysts have issued 12-month price targets for TransAlta's shares. Their TAC share price forecasts range from $14.00 to $17.50. On average, they predict the company's share price to reach $16.50 in the next year. This suggests a possible upside of 85.4% from the stock's current price.
View analysts price targets for TAC
or view top-rated stocks among Wall Street analysts.

How have TAC shares performed in 2022?

TransAlta's stock was trading at $11.12 at the beginning of the year. Since then, TAC stock has decreased by 20.0% and is now trading at $8.90.
View the best growth stocks for 2022 here
.

When is TransAlta's next earnings date?

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

How were TransAlta's earnings last quarter?

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

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

TransAlta declared a quarterly dividend on Friday, July 29th. Shareholders 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 annualized dividend and a yield of 1.74%. The ex-dividend date is Wednesday, August 31st.
Read our dividend analysis for TAC
.

Is TransAlta a good dividend stock?

TransAlta (NYSE:TAC) pays an annual dividend of $0.15 per share and currently has a dividend yield of 1.67%.
Read our dividend analysis for TAC.

What is Dawn Farrell's approval rating as TransAlta's CEO?

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.

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), Advanced Micro Devices (AMD), AT&T (T), Enbridge (ENB), General Motors (GM), Verizon Communications (VZ), Ford Motor (F), General Electric (GE) and Pfizer (PFE).

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 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.
Compare Top Brokerages Here.

What is TransAlta's stock price today?

One share of TAC stock can currently be purchased for approximately $8.90.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.41 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.

How many employees does TransAlta have?

The company employs 1,282 workers across the globe.

How can I contact TransAlta?

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.

This page (NYSE:TAC) was last updated on 9/30/2022 by MarketBeat.com Staff

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