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S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
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Target’s Results Cap Upside Potential For Retail Stocks 
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Big Potential Stock For 2022 (Ad)
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US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Big Potential Stock For 2022 (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Russia Ignites West's Battle for Energy Independence (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Which Semiconductor Stocks Are Ready For Big Price Moves?
Wind energy boom and golden eagles collide in the US West
Big Potential Stock For 2022 (Ad)
Lowe’s Stands Out Amid Q2 Retail Reports 
US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Big Potential Stock For 2022 (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.49
Agilent Technologies Proves Its Worth VS Illumina 
Russia Ignites West's Battle for Energy Independence (Ad)
Target’s Results Cap Upside Potential For Retail Stocks 
Which Semiconductor Stocks Are Ready For Big Price Moves?
Wind energy boom and golden eagles collide in the US West
Big Potential Stock For 2022 (Ad)
Lowe’s Stands Out Amid Q2 Retail Reports 
US to hold trade talks with Taiwan, island drills military
Egypt's central bank governor resigns as economic woes mount
Big Potential Stock For 2022 (Ad)
NYSE:TAC

TransAlta - TAC Stock Forecast, Price & News

$9.89
-0.16 (-1.59%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.82
$10.07
50-Day Range
$9.85
$11.74
52-Week Range
$9.44
$12.13
Volume
353,875 shs
Average Volume
298,138 shs
Market Capitalization
$2.68 billion
P/E Ratio
N/A
Dividend Yield
1.59%
Price Target
$16.44

TransAlta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
66.3% Upside
$16.44 Price Target
Short Interest
Healthy
0.28% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.02mentions of TransAlta in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.53%
From $0.34 to $0.42 Per Share

Overall MarketRank

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

2.77 out of 5 stars

Utilities Sector

6th out of 93 stocks

Electric Services Industry

2nd out of 42 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on TAC. StockNews.com lowered TransAlta from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, August 9th. National Bank Financial lifted their target price on shares of TransAlta from C$14.00 to C$15.00 in a research report on Monday, May 9th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $16.44.

TransAlta Stock Down 1.6 %

TAC Stock traded down $0.16 during mid-day trading on Wednesday, hitting $9.89. The stock had a trading volume of 10,284 shares, compared to its average volume of 472,164. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -7.81 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 1.62. TransAlta has a 1-year low of $9.44 and a 1-year high of $12.13. The company has a fifty day moving average of $11.11 and a 200 day moving average of $10.77.

TransAlta (NYSE:TAC - Get Rating) (TSE:TA) last released its quarterly earnings data 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 firm had revenue of $461.00 million during the quarter, compared to analyst estimates of $449.56 million. TransAlta had a positive return on equity of 9.86% and a negative net margin of 15.45%. The company's quarterly revenue was down 26.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. On average, equities analysts expect that TransAlta will post 0.34 EPS for the current fiscal year.

TransAlta Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 1st will be given a dividend of $0.0388 per share. This represents a $0.16 annualized dividend and a yield of 1.57%. The ex-dividend date is Wednesday, August 31st. TransAlta's payout ratio is -12.60%.

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TAC Stock News Headlines

P10 (OTCMKTS:PIOE) vs. TransAlta (NYSE:TAC) Critical Contrast
FY2022 EPS Estimates for TransAlta Co. (NYSE:TAC) Cut by Analyst
TransAlta (NYSE:TAC) Sees Unusually-High Trading Volume
TransAlta (NYSE:TAC) Downgraded by StockNews.com to Buy
TransAlta: Q2 Earnings Insights - Benzinga
TransAlta Reports Second Quarter 2022 Results
TransAlta (TAC) Scheduled to Post Earnings on Friday
TransAlta (NYSE:TAC) Sees Strong Trading Volume
See More Headlines
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TAC Company Calendar

Ex-Dividend for 7/1 Dividend
5/31/2022
Dividend Payable
7/01/2022
Last Earnings
8/05/2022
Today
8/18/2022
Ex-Dividend for 10/1 Dividend
8/31/2022
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
$16.44
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+66.3%
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
$2.45 per share
Book Value
$4.43 per share

Miscellaneous

Free Float
N/A
Market Cap
$2.68 billion
Optionable
Not Optionable
Beta
0.98

Key Executives

  • Mr. John Harry Kousinioris (Age 57)
    Pres, CEO & Director
    Comp: $1.72M
  • Mr. Todd John Stack (Age 55)
    Exec. VP of Fin. & CFO
    Comp: $909.4k
  • Ms. Kerry O'Reilly Wilks (Age 44)
    Exec. VP of Legal, Commercial & External Affairs
    Comp: $839.31k
  • 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 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.
View TAC analyst ratings
or view top-rated stocks.

What is TransAlta's stock price forecast for 2022?

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.

How have TAC shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting TransAlta?

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
.

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) 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.

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

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
.

Is TransAlta a good dividend stock?

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.

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."

Who are TransAlta's major shareholders?

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
.

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 $9.89.

How much money does TransAlta make?

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.

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 8/18/2022 by MarketBeat.com Staff

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