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NYSE:TAC

TransAlta - TAC Stock Forecast, Price & News

$7.78
0.00 (0.00%)
(As of 03/24/2023 02:30 PM ET)
Add
Compare
Today's Range
$7.69
▼
$7.80
50-Day Range
$7.78
▼
$9.74
52-Week Range
$7.55
▼
$11.85
Volume
85,511 shs
Average Volume
348,046 shs
Market Capitalization
$2.09 billion
P/E Ratio
389.00
Dividend Yield
2.06%
Price Target
$16.10

TransAlta MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
107.5% Upside
$16.10 Price Target
Short Interest
Bearish
0.90% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-20.00%
From $0.70 to $0.56 Per Share

Overall MarketRank™

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

1.93 out of 5 stars

Utilities Sector

66th out of 86 stocks

Electric Services Industry

33rd out of 41 stocks

See Top Rated MarketRank™ Stocks Here

TAC stock logo

About TransAlta (NYSE:TAC) Stock

TransAlta Corp. engages in the generation and distribution of electricity through wind, hydro, gas and coal power plants. It operates through the following business segments: Hydro, Wind and Solar, Gas, Energy Transition, Energy Marketing, and Corporate. The Hydro, Wind and Solar, Gas and Energy Transition business segments are responsible for operating and maintaining the company's electrical generation facilities in Canada, Australia, and the US. The Energy Marketing segment is responsible for marketing and scheduling the company's merchant asset fleet outside of Alberta along with procurement of gas, transport and storage to the company's gas fleet, providing intellectual knowledge to support the company's growth team, and generating a stand-alone gross margin separate from the company's asset business through a North American energy marketing platform. The company was founded by William Maxwell Aitken in 1909 and is headquartered in Calgary, Canada.

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TAC Stock News Headlines

March 16, 2023 | americanbankingnews.com
TransAlta (NYSE:TAC) Earns Hold Rating from Analysts at StockNews.com
February 23, 2023 | finance.yahoo.com
TransAlta Reports Fourth Quarter and Full Year 2022 Results and Commits to Net-Zero by 2045
March 24, 2023 | Weiss Ratings (Ad)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
January 23, 2023 | reuters.com
TAC.MW - | Stock Price & Latest News | Reuters
December 15, 2022 | finance.yahoo.com
TransAlta Announces Outlook for 2023 and Update on Corporate Strategy
November 15, 2022 | finance.yahoo.com
TransAlta Announces Pricing of US$400 Million Senior Green Bond Offering
October 18, 2022 | fool.ca
Get Passive Income of $500/Month With This TSX Stock - The Motley Fool Canada
October 14, 2022 | ca.finance.yahoo.com
TSX Falls Short of Breakeven - Yahoo Canada Finance
March 24, 2023 | Weiss Ratings (Ad)
Urgent Warning
This was never meant for the general public. But it’s all there in black and white … A frightening plan that gives the Fed the power to track and even control your checking account, including ALL your financial transactions. A pilot test program is already underway. And it’s slated to launch at America’s largest banks as soon as May of this year! So, time to prepare is very short. Fortunately, there are a few key steps you can take to defend yourself …
October 14, 2022 | ca.finance.yahoo.com
Bear Market: 2 Safe TSX Stocks to Buy Right Now - Yahoo Canada Finance
October 11, 2022 | benzinga.com
Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call - Trans - Benzinga
October 11, 2022 | finance.yahoo.com
Media Advisory: TransAlta and TransAlta Renewables Third Quarter 2022 Results and Conference Call
October 8, 2022 | finance.yahoo.com
10 Monthly Dividend Stocks with Over 4% Yield - Yahoo Finance
September 30, 2022 | baystreet.ca
2 Top Dividend Stocks That Yield 6.2% - Baystreet.ca
September 30, 2022 | fool.ca
Want Monthly Passive Income? Try These TSX Dividend Payers - The Motley Fool Canada
September 30, 2022 | globenewswire.com
Tactical Resources Appoints Director with Global Mining Experience - GlobeNewswire
September 30, 2022 | baystreet.ca
TSX Settles Back into Negative Country - Baystreet.ca
September 28, 2022 | fool.ca
3 TSX Stocks to Make the Perfect Passive Income Portfolio - The Motley Fool Canada
September 28, 2022 | baystreet.ca
1 Cheap Monthly Dividend Stock to Buy Today - Baystreet.ca
September 26, 2022 | fool.ca
Put Your Cash to Work: 3 Cheap TSX Stocks (With Dividend Yields of +5%) to Buy Now - The Motley Fool Canada
September 22, 2022 | ca.finance.yahoo.com
These Monthly Dividend Payers Could Carry Your Portfolio for Years - Yahoo Canada Finance
September 20, 2022 | fool.ca
Millennials: 3 Cheap Stocks to Buy Today - The Motley Fool Canada
September 18, 2022 | fool.ca
3 Oversold Stocks I'd Buy on the TSX Today - The Motley Fool Canada
September 16, 2022 | fool.ca
Building a portfolio – 3 Stocks at a Time - The Motley Fool Canada
September 15, 2022 | nasdaq.com
RSI Alert: TransAlta (TAC) Now Oversold - Nasdaq
September 13, 2022 | fool.ca
Foolish Investors: Why You Should Consider a Dividend Investing Strategy in 2022 - The Motley Fool Canada
September 8, 2022 | fool.ca
TFSA Passive Income: 2 Cheap High-Yield Canadian Stocks to Buy for Monthly Dividends - The Motley Fool Canada
See More Headlines
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TAC Company Calendar

Last Earnings
11/09/2021
Ex-Dividend for 1/1 Dividend
11/30/2022
Dividend Payable
1/01/2023
Ex-Dividend for 4/1 Dividend
2/28/2023
Today
3/24/2023
Dividend Payable
4/01/2023
Next Earnings (Estimated)
5/05/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Current Symbol
NYSE:TAC
CUSIP
N/A
CIK
1144800
Web
www.transalta.com
Phone
(403) 267-7110
Fax
1-403-267-7405
Employees
1,222
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.10
High Stock Price Forecast
$17.50
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+107.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
3 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.02
Trailing P/E Ratio
388.00
Forward P/E Ratio
11.09
P/E Growth
N/A
Net Income
$38.46 million
Net Margins
1.19%
Pretax Margin
11.86%
Return on Equity
0.08%
Return on Assets
0.01%

Debt

Debt-to-Equity Ratio
3.32
Current Ratio
1.29
Quick Ratio
1.23

Sales & Book Value

Annual Sales
$2.29 billion
Price / Sales
0.91
Cash Flow
$1.73 per share
Price / Cash Flow
4.48
Book Value
$3.00 per share
Price / Book
2.59

Miscellaneous

Outstanding Shares
268,250,000
Free Float
233,108,000
Market Cap
$2.08 billion
Optionable
Not Optionable
Beta
1.06

Key Executives

  • John Harry Kousinioris
    President, Chief Executive Officer & Director
  • Todd J. Stack
    Chief Financial Officer & Executive Vice President
  • Aron J. Willis
    Executive Vice President-Growth
  • Brent Ward
    Treasurer, SVP-Strategy, Mergers & Acquisitions
  • Michelle Cameron
    Controller & Managing Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













TAC Stock - Frequently Asked Questions

Should I buy or sell TransAlta stock right now?

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

3 Wall Street research analysts have issued 12-month price targets for TransAlta's stock. Their TAC share price forecasts range from $14.00 to $17.50. On average, they predict the company's share price to reach $16.10 in the next twelve months. This suggests a possible upside of 107.5% 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 2023?

TransAlta's stock was trading at $8.97 at the beginning of the year. Since then, TAC stock has decreased by 13.5% and is now trading at $7.76.
View the best growth stocks for 2023 here.

When is TransAlta's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our TAC earnings forecast.

How were TransAlta's earnings last quarter?

TransAlta Co. (NYSE:TAC) announced its quarterly earnings results on Tuesday, November, 9th. The utilities provider reported ($1.35) EPS for the quarter, missing the consensus estimate of $0.16 by $1.51. The utilities provider had revenue of $675.10 million for the quarter. TransAlta had a trailing twelve-month return on equity of 0.08% and a net margin of 1.19%. During the same period in the prior year, the firm earned ($0.37) EPS.

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

TransAlta announced a quarterly dividend on Monday, December 12th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.041 per share on Saturday, April 1st. This represents a $0.16 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, February 28th. This is a boost 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 2.05%. The dividend payout ratio is 800.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TAC will have a dividend payout ratio of 28.57% 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 CIBC Asset Management Inc (4.10%), Mackenzie Financial Corp (2.02%), Connor Clark & Lunn Investment Management Ltd. (1.58%), TD Asset Management Inc (1.58%), Toronto Dominion Bank (1.24%) and Intact Investment Management Inc. (1.21%).
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 $7.76.

How much money does TransAlta make?

TransAlta (NYSE:TAC) has a market capitalization of $2.08 billion and generates $2.29 billion in revenue each year. The utilities provider earns $38.46 million in net income (profit) each year or $0.02 on an earnings per share basis.

How many employees does TransAlta have?

The company employs 1,222 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 3/24/2023 by MarketBeat.com Staff