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NYSE:TAC

TransAlta - TAC Stock Forecast, Price & News

$9.39
+0.14 (+1.51%)
(As of 12/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.16
$9.47
50-Day Range
$7.79
$9.58
52-Week Range
$7.55
$12.13
Volume
286,283 shs
Average Volume
334,187 shs
Market Capitalization
$2.53 billion
P/E Ratio
39.13
Dividend Yield
1.73%
Price Target
$16.42

TransAlta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
74.8% Upside
$16.42 Price Target
Short Interest
Healthy
0.66% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-19.40%
From $0.67 to $0.54 Per Share

Overall MarketRank

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

2.53 out of 5 stars

Utilities Sector

19th out of 87 stocks

Electric Services Industry

12th 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.

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TAC Stock News Headlines

TSX Falls Short of Breakeven - Yahoo Canada Finance
2 Top Dividend Stocks That Yield 6.2% - Baystreet.ca
RSI Alert: TransAlta (TAC) Now Oversold - Nasdaq
See More Headlines
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TAC Company Calendar

Ex-Dividend for 10/1 Dividend
8/31/2022
Dividend Payable
10/01/2022
Last Earnings
11/08/2022
Ex-Dividend for 1/1 Dividend
11/30/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/01/2023
Next Earnings (Estimated)
2/23/2023

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
$16.42
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+74.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-428,470,000.00
Pretax Margin
11.35%

Debt

Sales & Book Value

Annual Sales
$2.17 billion
Cash Flow
$2.50 per share
Book Value
$4.86 per share

Miscellaneous

Free Float
234,125,000
Market Cap
$2.53 billion
Optionable
Not Optionable
Beta
0.98

Key Executives

  • Mr. John Harry Kousinioris (Age 57)
    Pres, CEO & Director
    Comp: $1.67M
  • Mr. Todd John Stack (Age 55)
    Exec. VP of Fin. & CFO
    Comp: $884.71k
  • Ms. Kerry O'Reilly Wilks (Age 44)
    Exec. VP of Legal, Commercial & External Affairs
    Comp: $816.52k
  • Ms. Jane Nyla Fedoretz
    Exec. VP of People, Talent & Transformation
  • 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
  • Mr. Gary Woods
    Managing Director of Gas & Renewables













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TransAlta in the last year. There are currently 1 hold rating and 1 buy rating 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 2023?

2 analysts have issued 12 month target prices for TransAlta's stock. Their TAC share price forecasts range from $14.00 to $17.50. On average, they expect the company's share price to reach $16.42 in the next year. This suggests a possible upside of 74.3% 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 at the start of the year. Since then, TAC shares have decreased by 15.3% and is now trading at $9.42.
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 Thursday, February 23rd 2023.
View our TAC earnings forecast
.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) issued its earnings results on Tuesday, November, 8th. The utilities provider reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.07. The utilities provider had revenue of $712.20 million for the quarter. TransAlta had a trailing twelve-month return on equity of 6.52% and a net margin of 4.00%.

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

TransAlta announced a quarterly dividend on Monday, November 7th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.04 per share on Sunday, January 1st. This represents a $0.16 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Wednesday, November 30th. This is a positive change from the stock's previous quarterly dividend of $0.04.
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 1.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TAC will have a dividend payout ratio of 29.63% next year. This indicates that the company will be able to sustain or increase its dividend.
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 number of institutional and retail investors. Top institutional investors include Royal Bank of Canada (14.49%), CIBC Asset Management Inc (4.05%), Vanguard Group Inc. (2.95%), Mackenzie Financial Corp (1.64%), TD Asset Management Inc. (1.52%) and Connor Clark & Lunn Investment Management Ltd. (1.40%).
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 $9.42.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.54 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 $0.24 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 12/9/2022 by MarketBeat.com Staff